An approximated 16 billion euros has been lost by the Hellenic economy, due to the postponement of state payments and business transactions, amounting to almost 9% of its GDP in 2014.

As reported by a European Commission document, Cypriot financial adjustment protocols are continuing on the right path, while implementation strides have been achieved in all major sectors, however some challenges remain.

A Bank of Cyprus' confidential list that includes its twenty-four largest debtors and their owed amounts, was leaked to Stockwatch news portal on Thursday.