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About 25 thousand homes in France are still without electricity
02.09.2015

About 25 thousand homes in France are still without electricity

About 25 thousand households remain without electricity in south-western France because of hurricanes that hit the region earlier in the week.

Non-performing loans in Cyprus rose to € 26,5 billion
27.03.2014

Non-performing loans in Cyprus rose to € 26,5 billion

Central Bank of Cyprus data show that non-performing loans in Cyprus rose to € 26,5 billion, reflecting a significant deterioration in the economic environment.

"Bashneft" Cyprus provided "daughter" a loan of up to $ 150 million
26.03.2014

"Bashneft" Cyprus provided "daughter" a loan of up to $ 150 million

JSC "Bashneft" has provided a Cyprus-registered subsidiary Bashneft Middle East loan amount up 150 million, said the report "Bashneft".

Cypriot Alkemi Limited intends to acquire shares 99,7% TAScombank
25.03.2014

Cypriot Alkemi Limited intends to acquire shares 99,7% TAScombank

Alkemi Limited (Cyprus) intends to acquire 4 388,577 thousand million ordinary registered shares TAScombank (formerly Bank "Business Standard", Kiev), which is 99,7404% shares financial institution, the company said in a press.

Soon completed the sale of Ukrainian
25.03.2014

Soon completed the sale of Ukrainian "daughter" of the Bank of Cyprus

Bank of Cyprus plans in a few weeks to finalize the sale of its loss-making structures in Ukraine - PJSC Bank of Cyprus - Russian consortium "Alpha groups".

Reduced hourly wage in Cyprus
25.03.2014

Reduced hourly wage in Cyprus

Average hourly earnings in Cyprus fell 6,5% in the fourth quarter 2013 year compared with the same period a year 2012. In the euro area hourly wage increased by 1,4%, while in the EU - 1,2%.

Moody's raised the rating of government bonds to Cyprus
23.03.2014

Moody's raised its rating on government bonds of Cyprus to "positive"

International rating agency Moody's changed the outlook on the credit rating of the Republic of Cyprus from "negative" to "positive", leaving it at "Saa3."

Restrictions on banking operations will be removed before the end of May
18.03.2014

Restrictions on banking operations will be removed before the end of May

Internal control over banking operations in Cyprus will be withdrawn before the end of May. This was announced on state radio broadcast Finance Minister Haris Georgiadis.

The new head of the Central Bank of Cyprus will begin his duties with 11 April
12.03.2014

The new head of the Central Bank of Cyprus will begin his duties with 11 April

New Governor of the Central Bank of Cyprus will be April 11 current Auditor General of the Republic Hristalla Georgadzhi.

Eurogroup approved a new tranche of credit assistance to Cyprus
11.03.2014

Eurogroup approved a new tranche of credit assistance to Cyprus

Eurogroup on Monday decided to grant Cyprus's fourth tranche of credit assistance in the amount of € 150 million

Cyprus President accepted the resignation of the head of the Central Bank of the Republic
11.03.2014

Cyprus President accepted the resignation of the head of the Central Bank of the Republic

President of the Republic of Cyprus Nikos Anastasiadis accepted the resignation of the head of the Central Bank of the country Panicos Demetriades, according to a government press release.

Some banks in Cyprus have to go stress test
07.03.2014

Some banks in Cyprus have to go stress test

In the near future activities in Cyprus appreciate Russian Commercial Bank (RCB), Bank of Surrus, Hellenis Bank and Cooperative Bank.

Loss of the Bank of Cyprus has decreased year on 2013 7,7% to 2,04 billion euros
01.03.2014

Loss of the Bank of Cyprus has decreased year on 2013 7,7% to 2,04 billion euros

Loss of the Bank of Cyprus, in the process of restructuring, made on the basis of year 2013 2,04 billion euros. This is stated in the financial report on the largest island of the credit institution.

EC outlines the end of the recession in the economy of Cyprus next year
26.02.2014

EC outlines the end of the recession in the economy of Cyprus next year

The report prepared by the European Commission "Winter economic forecast - 2014» was improved outlook for economic growth in the eurozone, were also present estimates of the situation in the economy of Cyprus.

Credit for 250 million euros
22.02.2014

Credit for 250 million euros

In accordance with the annual report, which is presented in Brussels, President of the European Investment Bank (EIB), Werner Hoyer, in 2013 year credit institution granted loans: Cyprus - worth in 250 million euros and Greece - in the amount 1 465 billion million euros.

Cyprus Finance Ministry softened control over banking
22.02.2014

Cyprus Finance Ministry softened control over banking

According to the decision of the Ministry of Finance decree, removed all restrictions on term deposits.

Cyprus is a major investor in the Ukrainian economy
16.02.2014

Cyprus is a major investor in the Ukrainian economy

State Statistics Service of Ukraine published on Friday Express "Investments in foreign economic activity of Ukraine 2013 year."

Central Bank of Cyprus: restrictions on the movement of capital will be withdrawn before the end of the year
15.02.2014

Central Bank of Cyprus: restrictions on the movement of capital will be withdrawn before the end of the year

Cypriot authorities will be able to completely remove all restrictions on the operation of Cypriot banks, including foreign ones, to the end of this year. This was announced at a press conference, the head of the Central Bank of Cyprus Panicos Demetriades.

Minister of Finance and the Central Bank to meet with
10.02.2014

Minister of Finance and the Central Bank will meet the "Troika"

Cyprus Finance Minister Harris Georgiades and head of the Central Bank of Cyprus Panicos Demetriades meet with representatives of the Troika of international lenders.

Central Bank of Cyprus: lower rates on mortgages and consumer loans
06.02.2014

Central Bank of Cyprus: lower rates on mortgages and consumer loans

Earlier this week, the Central Bank of Cyprus has published data showing that the interest rates on mortgage loans continued to decline in December, together with the rates on consumer loans.

Russians make Bank of Cyprus to return money to investors
06.02.2014

Russians make Bank of Cyprus to return money to investors

The site Bank of Cyprus published information about customers opening access to frozen during the financial crisis, Cyprus 6-month deposits in the amount of 900 million euros.

"Troika" agreed with the postponement of the privatization
06.02.2014

"Troika" agreed with the postponement of the privatization

"Troika" of international creditors responded positively to the request of the Cypriot government to extend the time interval for the implementation of the legal and institutional framework related to the privatization of parastatals.

German Finance Minister satisfied with the progress of reforms in Cyprus
05.02.2014

German Finance Minister satisfied with the progress of reforms in Cyprus

German Finance Minister Wolfgang Schaeuble in an interview with Der Spiegel spoke about his vision for the future of the economy of Cyprus, Greece and other European countries in the south, is currently experiencing a severe economic crisis and trying to cope with the steadily rising unemployment.

"Alfa Group" bought Bank of Cyprus branch in Ukraine
03.02.2014

"Alfa Group" bought Bank of Cyprus branch in Ukraine

Bank of Cyprus signed a deal for the sale of the loss-making branch of the Ukraine offshore company ABH Ukraine Limited, part of "Alfa Group".

BoC unlocks 950 million euros, are on 6-month deposit
31.01.2014

BoC unlocks 950 million euros, are on 6-month deposit

Bank of Cyprus (Bank of Cyprus), contrary to the opinion of the "troika" of international creditors formally announced his decision to unlock 950 million euros, are redeemable on January 31 6-month deposit.

Low churn rate on deposits in December
31.01.2014

Low churn rate on deposits in December

Central Bank of Cyprus has published data that in December the outflow of deposits from the deposits of Cyprus remained at a low level for the third consecutive month. In December, an outflow of funds in the amount € 164,6 million

Third visit Troika
30.01.2014

Third visit Troika

Yesterday started its work experts Troika of international lenders (European Commission, ECB, IMF) in their third visit to check the program of financial assistance.

Contributors to the island
28.01.2014

Contributors to the island

Customers Cypriot banks could not collect money in Ukraine.

IMF: The sum of non-performing loans in Cyprus reached 19 billion euros
28.01.2014

IMF: The sum of non-performing loans in Cyprus reached 19 billion euros

Non-performing loans in the banking system in Cyprus reached 46% of total loans, which is 19 billion euros or 120% of GDP.

Bank of Cyprus unlocks part frozen deposits
27.01.2014

Bank of Cyprus unlocks part frozen deposits

According to the information portal DOKACY.COM, expected in late January. that Bank of Surrus unfreeze the deposits totaling approximately € 900 million., nearly one-third of the funds frozen after the March "haircut" Cypriot banks.

Commercial Bank of Cyprus shares is deferred until the end of the year
26.01.2014

Commercial Bank of Cyprus shares is deferred until the end of the year

The trading of shares of the Bank of Cyprus on the Cyprus Stock Exchange will not resume until the end of this year. Was the conclusion of the newspaper "Sayprus mail" on the results of the meeting held on Friday, leaders of the largest on the island of the credit institution with the head of the Securities and Exchange Commission Dimitra Kalogiri.

Harris Georgiades: The banking crisis - is the government's failures
25.01.2014

Harris Georgiades: The banking crisis - is the government's failures

Cyprus Finance Minister, Harris Georgiades, admitted that the problem of the Cypriot public finances and the banking system were the result of their own shortcomings and failures of the government.

BoC may be excluded from the list of the Cyprus Stock Exchange
23.01.2014

BoC may be excluded from the list of the Cyprus Stock Exchange

Chairman of the Committee on the Cyprus Securities and Exchange Commission (CySEC) Dimitra Kalogiri said yesterday that the BoC may be excluded from the list of the Cyprus Stock Exchange (CSE), if not already present in the near future a detailed prospectus of the forthcoming issue.

Ministry of Finance: a growing economy should begin to 2015 year
23.01.2014

Ministry of Finance: a growing economy should begin to 2015 year

Cyprus Ministry of Finance published a report which sets out the macroeconomic prospects for economic development. Country's economic problems remain, despite the positive assessment of the Troika.

Will not be easy. But we can handle!
22.01.2014

Will not be easy. But we can handle!

Russian-speaking entrepreneurs, directors and financiers working in the fields of international and local businesses, are well aware of Anthony Harith, sector head of the International Hellenic Bank.

The new decree of Cyprus Ministry of Finance control over the movement of funds
21.01.2014

The new decree of Cyprus Ministry of Finance control over the movement of funds

In accordance with the decrees of the Ministry of Finance of Cyprus, the State capital controls remain unchanged for another 21 day.

Restructuring plan of Bank of Cyprus is performed ahead of schedule
21.01.2014

Restructuring plan of Bank of Cyprus is performed ahead of schedule

Bank of Cyprus has entered a period of normalization of its activities. Such assessments on the situation in the country's largest credit institution gave Finance Minister Haris Georgiadis.

Cypriot crisis - a consequence of a number of serious errors
19.01.2014

Cypriot crisis - a consequence of a number of serious errors

Michalis Sarris shared his opinion about past events that is happening now, and that waiting for Cyprus in the near future.

Debts 30 large companies account for a quarter of GDP in Cyprus
18.01.2014

Debts 30 large companies account for a quarter of GDP in Cyprus

According to the Central Bank of Cyprus debt almost 30 large companies before Bank of Cyprus is more than € 6 billion Thus 65% loans are unrecoverable.

Cyprus President approved the plan of the country's largest commercial bank
14.01.2014

Cyprus President approved the plan of the country's largest commercial bank

The President of the Republic of Cyprus Nikos Anastasiadis supported rigid program of the new leadership in the process of restructuring of the Bank of Cyprus to seize ownership of companies that do not return their loans.

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