32.3 C
Nicosia
Wednesday, June 19, 2024

Herodotus: Slowing economy and boosting inflation

Must read

& Eta; & rho; & omicron; & delta; ό & tau; & omilon; & ups; & omicron; & ups; ; & iota; & beta; & rho; ά & delta; & upsilon; & nu; & sigma; & eta; & omicron; & iota; & kappa; & omicron; & nu; & omicron; & mu; ί & alpha; & sigmaf; & kappa; & alpha; & iota; & epsilon; & kappa & & ; & upsilon; & sigma; & eta; & pi; & lambda; & eta; & theta; & omega; & rho; & iota; & sigma; & mu; & omicron; ύ

POWERED BY:

& Eta; & rho; & omicron; & delta; ό & tau; & omicron; & upsilon ;: & Epsilon; & pi; & iota; & beta & r; & eta; & omicron; & iota; & kappa; & omicron; & nu; & omicron; & mu; ί & alpha; & sigmaf; & kappa; & alpha; & iota; & epsilon; & kappa; & tau; ό & xi; & epsilon; & upsilon; & sigma; & eta; & la; et & omega; & rho; & iota; & sigma; & mu; & omicron; ύ

16:57 Friday
20 May 2022 INSIDER • GOAL • IN-CYPRUS • PROPERTY • CYPRUS-IS • CAREER LIKE • GOING OUT • XRYSES SYNTAGES • ACTIVE • PHILGROUP NEWS & nbsp; SOCIETY & nbsp; INSIDER & nbsp; OPINIONS & nbsp; GOING OUT & nbsp; CULTURE & nbsp; SPORTS & nbsp; AUTO & nbsp; GOOD LIFE & nbsp; USEFUL & nbsp; PRINTED EDITION & nbsp;

& Eta; & rho; & omicron; & delta; ό & tau; & omicron; & upsilon ;: & Epsilon; & pi; ; ά & delta; & upsilon; & nu; & sigma; & eta; & omicron; & iota; & kappa; & omicron; & nu; & omicron; & mu; ί & alpha; & sigmaf; & kappa; & alpha; & iota; & epsilon; & kappa; & tau; ό & xi; & epson & ; & pi; & lambda; & eta; & theta; & omega; & rho; & iota; & sigma; & mu; & omicron; ύ

< i class = "line2">

& Eta; & rho; & omicron; & delta; ό & tau; & omicron; & upsilon ;: & Epsilon; & pi; & iota; ; ά & delta; & upsilon; & nu; & sigma; & eta; & omicron; & iota; & kappa; & omicron; & nu; & omicron; & mu; ί & alpha; & sigmaf; & kappa; & alpha; & iota; & epsilon; & kappa; & tau; ό & xi; & epson & ; & pi; & lambda; & eta; & theta; & omega; & rho; & iota; & sigma; & mu; & omicron; ύ

& Eta; & rho; & omicron; & delta; ό & tau; & omicron; & upsilon ;: & Epsilon; & pi; ; ά & delta; & upsilon; & nu; & sigma; & eta; & omicron; & iota; & kappa; & omicron; & nu; & omicron; & mu; ί & alpha; & sigmaf; & kappa; & alpha; & iota; & epsilon; & kappa; & tau; ό & xi; & epson & ; & pi; & lambda; & eta; & theta; & omega; & rho; & iota; & sigma; & mu; & omicron; ύ

ΑΡΧΙΚΗΕΙΔΗΣΕΙΣΠΟΛΙΤΙΚΗΤΟΠΙΚΑΠΑΡΑΣΚΗΝΙΟMEDIAΕΛΛΑΔΑΚΟΣΜΟΣΕΠΙΣΤΗΜΗΠΕΡΙΒΑΛΛΟΝΤΕΧΝΟΛΟΓΙΑΣΥΝΕΝΤΕΥΞΕΙΣΧΡΥΣΕΣ ΕΤΑΙΡΕΙΕΣΚΟΙΝΩΝΙΑΕΙΔΗΣΕΙΣΚΥΠΡΟΣ ΤΟΥ ΧΘΕΣΑΝΑΓΝΩΣΤΗ ΕΧΕΙΣ ΛΟΓΟΕΠΙΣΤΟΛΕΣΣΥΝΕΝΤΕΥΞΕΙΣΔΗΜΟΦΙΛΗ ΣΤΟ INTERNETVIDEOSΑΦΙΕΡΩΜΑΤΑADVERTORIALINSIDERΕΠΙΧΕΙΡΗΣΕΙΣΚΥΠΡΟΣBRAND VOICECAPITALFORBESBLOOMBERG OPINIONΠΡΩΤΑΓΩΝΙΣΤΕΣΚΑΥΤΗ ΓΡΑΜΜΗΧΡΥΣΕΣ ΕΤΑΙΡΕΙΕΣΚΑΡΙΕΡΑΑΠΟΨΕΙΣΑΡΘΡΑ ΣΤΟΝ “Φ”ΠΑΡΕΜΒΑΣΕΙΣ ΣΤΟΝ “Φ”ΤΟ ΜΗΝΥΜΑ ΣΟΥ ΣΚΙΤΣΑΟ ΚΟΣΜΟΣ ΤΟΥ TWITTERGOING OUTTHINGS TO DOCINEMAΜΟΥΣΙΚΗΕΣΤΙΑΤΟΡΙΑBAR/CAFETV ΟΔΗΓΟΣΤΗΛΕΟΡΑΣΗΠΟΛΙΤΙΣΜΟΣΚΥΠΡΟΣΚΟΣΜΟΣΚΡΙΤΙΚΕΣΕΚΔΗΛΩΣΕΙΣΠΡΟΣΩΠΑΑΘΛΗΤΙΚΑΠΟΔΟΣΦΑΙΡΟΜΠΑΣΚΕΤΠΑΡΑΣΚΗΝΙΑΕΛΛΑΔΑΔΙΕΘΝΗΑΛΛΑ ΣΠΟΡΑΠΟΨΕΙΣΣΚΙΤΣΟVIDEOSAUTOΝΕΑΠΑΡΟΥΣΙΑΣΗΑΠΟΣΤΟΛΕΣΑΓΩΝΕΣΚΑΛΗ ΖΩΗΥΓΕΙΑΔΙΑΤΡΟΦΗΕΥ ΖΗΝΑΣΤΡΑΧΡΥΣΕΣ ΣΥΝΤΑΓΕΣΣΥΝΤΑΓΕΣ ΣΕΦΒΗΜΑ ΒΗΜΑΧΡΗΣΙΜΑΦΑΡΜΑΚΕΙΑΓΙΑΤΡΟΙΑΕΡΟΔΡΟΜΙΑΛΙΜΑΝΙΑΤΗΛΕΦΩΝΑΟΠΑΠΚΑΙΡΟΣΣΥΝΑΛΛΑΓΜΑΛΑΧΕΙΑAPPSΠΡΟΣΦΟΡΕΣΕΝΤΥΠΗ ΕΚΔΟΣΗ ΠΟΛΙΤΙΚΗΤΟΠΙΚΑΠΑΡΑΣΚΗΝΙΟMEDIAΕΛΛΑΔΑΚΟΣΜΟΣΕΠΙΣΤΗΜΗΠΕΡΙΒΑΛΛΟΝΤΕΧΝΟΛΟΓΙΑΣΥΝΕΝΤΕΥΞΕΙΣΧΡΥΣΕΣ ΕΤΑΙΡΕΙΕΣ ΕΙΔΗΣΕΙΣΚΥΠΡΟΣ ΤΟΥ ΧΘΕΣΑΝΑΓΝΩΣΤΗ ΕΧΕΙΣ ΛΟΓΟΕΠΙΣΤΟΛΕΣΣΥΝΕΝΤΕΥΞΕΙΣΔΗΜΟΦΙΛΗ ΣΤΟ INTERN ETVIDEOSΑΦΙΕΡΩΜΑΤΑADVERTORIAL ΕΠΙΧΕΙΡΗΣΕΙΣΚΥΠΡΟΣBRAND VOICECAPITALFORBESBLOOMBERG OPINIONΠΡΩΤΑΓΩΝΙΣΤΕΣΚΑΥΤΗ ΓΡΑΜΜΗΧΡΥΣΕΣ ΕΤΑΙΡΕΙΕΣΚΑΡΙΕΡΑ ΑΡΘΡΑ ΣΤΟΝ “Φ”ΠΑΡΕΜΒΑΣΕΙΣ ΣΤΟΝ “Φ”ΤΟ ΜΗΝΥΜΑ ΣΟΥ ΣΚΙΤΣΑΟ ΚΟΣΜΟΣ ΤΟΥ TWITTER THINGS TO DOCINEMAΜΟΥΣΙΚΗΕΣΤΙΑΤΟΡΙΑBAR/CAFETV ΟΔΗΓΟΣΤΗΛΕΟΡΑΣΗ ΚΥΠΡΟΣΚΟΣΜΟΣΚΡΙΤΙΚΕΣΕΚΔΗΛΩΣΕΙΣΠΡΟΣΩΠΑ ΠΟΔΟΣΦΑΙΡΟΜΠΑΣΚΕΤΠΑΡΑΣΚΗΝΙΑΕΛΛΑΔΑΔΙΕΘΝΗΑΛΛΑ ΣΠΟΡΑΠΟΨΕΙΣΣΚΙΤΣΟVIDEOS ΝΕΑΠΑΡΟΥΣΙΑΣΗΑΠΟΣΤΟΛΕΣΑΓΩΝΕΣ ΥΓΕΙΑΔΙΑΤΡΟΦΗΕΥ ΖΗΝΑΣΤΡΑΧΡΥΣΕΣ ΣΥΝΤΑΓΕΣΣΥΝΤΑΓΕΣ ΣΕΦΒΗΜΑ ΒΗΜΑ ΦΑΡΜΑΚΕΙΑΓΙΑΤΡΟΙΑΕΡΟΔΡΟΜΙΑΛΙΜΑΝΙΑΤΗΛΕΦΩΝΑΟΠΑΠΚΑΙΡΟΣΣΥΝΑΛΛΑΓΜΑΛΑΧΕΙΑAPPSΠΡΟΣΦΟΡΕΣ ΕΠΙΧΕΙΡΗΣΕΙΣ ΚΥΠΡΟΣ BRAND VOICE CAPITAL FORBES BLOOMBERG OPINION ΠΡΩΤΑΓΩΝΙΣΤΕΣ ΚΑΥΤΗ ΓΡΑΜΜΗ GOLDEN CAREER COMPANIES

& Eta; & rho; & omicron; & delta; ό & tau; & omicron; & upsilon ;: & Epsilon; & pi; i & &; ; ά & delta; & upsilon; & nu; & sigma; & eta; & omicron; & iota; & kappa; & omicron; & nu; & omicron; & mu; ί & alpha; & sigmaf; & kappa; & alpha; & iota; & epsilon; & kappa; & tau; ό & xi; & epson & ; & pi; & lambda; & eta; & theta; & omega; & rho; & iota; & sigma; & mu; & omicron; ύ

EXCLUSIVE COOPERATION

& Eta; & rho; & omicron; & delta; ό & tau; & omicron; & upsilon ;: & Epsilon; & pi; i pi & &; ; ά & delta; & upsilon; & nu; & sigma; & eta; & omicron; & iota; & kappa; & omicron; & nu; & omicron; & mu; ί & alpha; & sigmaf; & kappa; & alpha; & iota; & epsilon; & kappa; & tau; ό & xi; & epson & ; & pi; & lambda; & eta; & theta; & omega; & rho; & iota; & sigma; & mu; & omicron; ύ

TOGETHER WITH

& Eta; & rho; & omicron; & delta; ό & tau; & omicron; & upsilon ;: & Epsilon; & pi; ; ά & delta; & upsilon; & nu; & sigma; & eta; & omicron; & iota; & kappa; & omicron; & nu; & omicron; & mu; ί & alpha; & sigmaf; & kappa; & alpha; & iota; & epsilon; & kappa; & tau; ό & xi; & epson & ; & pi; & lambda; & eta; & theta; & omega; & rho; & iota; & sigma; & mu; & omicron; ύ

Powered by

& Eta; & rho; & omicron; & delta; ό & tau; & omicron; & upsilon ;: & e; io; & pi; iho & r; ; ά & delta; & upsilon; & nu; & sigma; & eta; & omicron; & iota; & kappa; & omicron; & nu; & omicron; & mu; ί & alpha; & sigmaf; & kappa; & alpha; & iota; & epsilon; & kappa; & tau; ό & xi; & epson & ; & pi; & lambda; & eta; & theta; & omega; & rho; & iota; & sigma; & mu; & omicron; ύ

& Eta; & rho; & omicron; & delta; ό & tau; & omicron; & upsilon ;: & Epsilon; & pi; i & &; ; ά & delta; & upsilon; & nu; & sigma; & eta; & omicron; & iota; & kappa; & omicron; & nu; & omicron; & mu; ί & alpha; & sigmaf; & kappa; & alpha; & iota; & epsilon; & kappa; & tau; ό & xi; & epson & ; & pi; & lambda; & eta; & theta; & omega; & rho; & iota; & sigma; & mu; & omicron; <start> </p>
<p><img class =

& nbsp & nbspInsider/ΚΥΠΕ & nbsp; & nbsp;

At 2.3%, from the initial estimate of 3.6% last December, the growth of the Cypriot economy will be in 2022, while inflation for the whole year is more than double the initial estimate due to the negative geopolitical developments related to the war in Ukraine, says the Governor of the CBC, Konstantinos Herodotus, prefacing the annual report of the CBC for 2021.

“In relation to the development of the economy in 2022 and taking into account the “New negative geopolitical developments, GDP growth is expected to be around 2.3% compared to an increase of 3.6% that was estimated in December 2021”, says Mr. Herodotus.

According to the central banker, inflation in 2022 and taking into account the new negative geopolitical developments, is expected to increase around 6.8%, compared to 2.5% estimated in December 2021

Moreover, In the report, the CB notes that the extent of the impact will depend on the duration of the war and the sanctions.

“The economic consequences are expected to emerge through further increases in raw material prices and losses in tourism and exports of other services,” the CBC said, adding that indirect consequences are expected due to the deterioration of international economic activity due to business and consumer sentiment. Finally, the CBC notes that “uncertainty about the economic outlook is high”.

Climate change is a new challenge for banks

>

At the same time, the Governor of the CBC points out that in addition to the challenges related to non-performing loans, the streamlining of banks' business models and digitization, “the banking sector is now faced with the management of the risks arising from climate change and the target/agreement of the states for reduction of carbon dioxide emissions “.

He referred to the guidelines issued by the ECB in November 2020 on climate change risk management, which set out its expectations on how credit institutions should manage the risks arising in their balance sheets and in the balance sheet itself. According to the Governor of the CBC, the important Cypriot credit institutions will participate in a stress-test exercise conducted in 2022, carried out by the ECB on with the dangers posed by climate change.

Mr. Herodotus said that in addition to the important credit institutions to which the guidelines are addressed, the less important institutions should evaluate and implement the mentioned guidelines, taking into account the principle of proportionality.

As The CB has already asked the least important credit institutions to assess their readiness to implement these guidelines. “

” Climate change risk management is therefore added to the existing challenges of credit institutions, such as resolving non-performing loans, the need to streamline their business model and the development and implementation of digitization in their operations. “

In the meantime, in 2021, despite Continued leverage, the size of the banking sector in 2021 increased, which is due to the increase in their cash and cash equivalents as a result of the increase of deposits around € 51.5 billion in 2021 which is the highest level recorded after the crisis of 2013.

Source: www.philenews.com

- Advertisement -AliExpress WW

More articles

- Advertisement -AliExpress WW

Latest article