12.10.2022
The Borrower Protection Association released a statement on Tuesday asking for meetings with House Speaker Annita Demetriou, Central Bank Governor Konstantinos Herodotou, and political parties to discuss possible measures to mitigate skyrocketing inflation and the high cost of living.
The association explained that these ongoing problems are eating into borrowers’ income, which in turn could affect their ability to repay their loans.
“For our part, we will start contacting everyone to seek mitigation measures and any other possible relaxations that can be implemented,” the association said in a statement.
According to the association, the request to meet with the Speaker of the House, the Governor of the CBC, and political parties was put forward to “all of us join forces for the benefit of borrowers, households, businesses, and the greater good of society.” “We emphasize this to everyone, borrowers do not beg , they rightly demand what they should receive, and they will receive it.”
The association noted that they have already scheduled a meeting with the deputy chairman of the ruling Disi party, Harris Georgiades, to be held on October 14.
According to the monthly CSE report, the value of the Cyprus Stock Exchange in terms of shares reached 2.07 billion euros at the end of September 2022, compared to 2.06 billion euros at the end of August.
In addition, the total market value, including the bond market, reached 3.52 billion euros from 3.49 billion euros in the previous month, an increase of 0.76%.
According to the data for this period, the main market is 34.76% of the total market value, the alternative market is 22.38%, the observation market is 1.58% and the bond market is 41.28%.
During the last trading session of September 2022, the General Index reached 73.71 points, showing a relative increase of 1.11 percent, accompanied by an increase in total trading volume of 17.64 percent compared to the previous month.
At the same time, the total trading volume for the month amounted to 4.93 million euros, and the average daily trading volume was 0.22 million euros.
According to a report published this week by the Statistical Office of Cyprus (Cystat), the total number of registered cars in Cyprus rose in September 2022, which is contrary to the general trend observed during the first nine months of the year.
According to the report, 3,412 vehicles were registered in September 2022, up 2.6% from 3,327 in September 2021.
Sedan passenger car registrations increased by 6.9%, rising to 2,738 from 2,561 in September 2021.
The total number of registered vehicles decreased by 4.0% between January and September 2022, reaching 26,581, compared to 27,699 in the same period in 2021.
Moreover, registrations of passenger cars in the first nine months of 2022 decreased by 0.7% to 21,183 compared to 21,336 in the corresponding period of 2021.
Of the total sedan class passenger cars, 9,071 (42.8%) were new cars and 12,112 (57.2%) were used cars. Car rental increased by 74.6% to 3479.
The Cyprus Stock Exchange (CSE) ended Tuesday, October 11, with losses.
The overall Cypriot stock market index stood at 74.02 points at 13:51 during the day, reflecting a 0.23% drop from the previous trading day.
The FTSE/CySE 20 Index stood at 44.41 points, down 0.22%.
The total value of the transactions was 30,356 euros.
As for the sub-indices, all indexes of the main, alternative, hotel and investment companies decreased by 0.27%, 0.18%, 0.91% and 0.94%, respectively.
Bank of Cyprus (-0.38%), Public Company Cyprus Cement (no change), Atlantic Insurance (-0.64%) and Hellenic Bank (no change) attracted the highest investment interest.
