The first thing you need to do is choose a news reader, if you already don't have one. This is a piece of software that checks feeds you have requested and lets you read any new articles that have been added. There are various types of news reader. You should choose one that will work with your computer’s operating system.
When you have chosen a news reader, you can decide what content you want to keep up to date with. Please choose from below:
|Albania||Bosnia and Herzegovina||Bulgaria||Croatia|
|INTERVIEWS BY BALKANS.COM|
Alternatively, you can paste one of the BBN RSS URLs into a new feed in your news reader.
|E-mail article||Save||Additional News in English||Još vesti na Srpskom||Επιπλέον ειδήσεις στα Ελληνικά||Text|
Cyprus' economy will contract an additional 13% in '13 and '14, Reuters said, citing a report by the IMF, ECB and EC "troika" reports Investor Business Daily. Confidence in Cyprus’s once-bloated banking sector is still running low despite a massive reorganisation imposed under a ¤10bn international bailout in March, the IMF said.Despite unprecedented capital controls slapped on the banks in March, the International Monetary Fund said net outflows had reached ¤8bn ($10.6bn), or 12.6 percent of deposits and nearly half of GDP, by August 21. That has put pressure on banks’ balance sheets, already hurt by 30 percent of their loans being classified as non-performing, and led to a sharp contraction in credit supply.Corporate credit declined by nine percent year on year in June, while mortgage lending, already suffering from the effects of recession, was down three percent and consumer loans by seven percent.The IMF report, issued after a first review of the bailout agreed with Cyprus by the Fund, European Commission and European Central Bank, said authorities were on track to fulfil a sweeping package of restructuring measures imposed in exchange for saving the island from bankruptcy. “Nevertheless, risks to the programme remain substantial, given the uncertain impact of the crisis, the still-recovering banking system and ongoing challenges to policy implementation” writes the Peninsula
Related News in English
Povezane vesti na srpskom
Συναφείς Ειδήσεις στα Ελληνικά