TUESDAY, 31 JAN 2023

 

CONNECT

Facebook Linked In Twitter
IMH LTD

Commissioner Gentiloni In Berlin To Discuss Common Economic Priorities

Kadis Outlines Effects Of Ukraine War On Cypriot Market At EU Council

IMH LTD

ECONOMY

Petrides: Cyprus To Issue Green Bonds By The End Of 2022

Petrides: Cyprus To Issue Green Bonds By The End Of 2022

Cyprus is expected to join the club of countries that issue green bonds, with the first issuance of "green loans" before the end of the year, Cyprus' Finance Minister Constantinos Petrides said on Wednesday.

"The decision to proceed with the issuance of a green bond by the end of the year has been approved by the Cabinet" said Petrides, addressing the annual general meeting of the Association of Cyprus Banks.

Petrides noted that this issuance "will have an incredibly positive response from the rating agencies and from the markets because it will mark the readiness of Cyprus to enter this new era."

The issuance of green bonds requires the evaluation of eligible projects by an external consultant who will certify that the projects meet the specifications, while the establishment of appropriate monitoring mechanisms is also needed.

Green bonds have gained a momentum during the last few years. It is estimated that green bonds worth around $1 trillion will be issued by 2023.

Source: CNA

MORE ON ECONOMY

IMF Improves Economic Forecast For The Eurozone And Russia Amid Energy Crisis And Raging War

The prospect of a recession in the eurozone is fading as the International Monetary ...

Forged Euro Banknotes In Cyprus Record Sharp Increase Of 113.7% In 2022

A total of 451 counterfeit euro banknotes have been withdrawn from circulation in 2022 in ...

Kadis Outlines Effects Of Ukraine War On Cypriot Market At EU Council

EU Agriculture Ministers discussed the ways that market developments affect agricultural ...

FROM AROUND GOLDNEWS

   

92 Greek Cypriot And Turkish Cypriot Entrepreneurs Applied To The Stelios Bi-Communal Business Cooperation Awards 2023

The application process for the Stelios Bi-communal Business Cooperation Awards 2023 was completed on Friday, January 27, 2023, with the participation of 92 ...
   

The Role Of Green Finance In Achieving Sustainable Development Goals

Sustainability is becoming an increasingly important consideration for financiers investors and stakeholders as a whole, as they look to align their ...
   

Cyprus Airways Launches Direct Services To Dubai

Cyprus Airways announced today that after long negotiations it has secured relevant permission and landing slots to operate up to three weekly ...
   

UN Security Council Extends UNFICYP's Mandate For A Year

The UN Security Council extended the UN Peacekeeping Force's (UNFICYP) mandate for another year until January 31, 2024, on Monday instead for six months as was ...
   

Eurostat: Cyprus Third In EU In Use Of Fossil Fuels For Energy In 2021, Significant Drop Since 1990

In 2021, fossil fuels made up 70% of gross available energy in the EU, remaining at the same level as in 2020, according to data released by Eurostat, the ...
   

Commissioner Gentiloni In Berlin To Discuss Common Economic Priorities

Commissioner for Economy, Paolo Gentiloni, is in Berlin where he will meet Finance Minister, Christian Lindner; Head of the Federal Chancellery, Wolfgang ...
   

IMF Improves Economic Forecast For The Eurozone And Russia Amid Energy Crisis And Raging War

The prospect of a recession in the eurozone is fading as the International Monetary Fund (IMF) moderately improves its economic forecast for the bloc. ...
   

Forged Euro Banknotes In Cyprus Record Sharp Increase Of 113.7% In 2022

A total of 451 counterfeit euro banknotes have been withdrawn from circulation in 2022 in Cyprus, representing an increase of 113.7% compared with the previous ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

EY_27/1-10/2
GORDIAN

IMH LTD