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Losses Hellenic Bank
09.06.2013

Losses Hellenic Bank

In the first quarter, the bank Hellenic Bank suffered losses 31,7 million euros.

Cyprus Russians promised to compensate part of the loss
09.06.2013

Cyprus Russians promised to compensate part of the loss

The Cyprus government will do everything in his power to alleviate the consequences of the decisions of the Eurogroup for the Russians, said Saturday President Nikos Anastasiadis at the opening ceremony Cypriot-Russian festival.

Cyprus court in its decision created a dangerous precedent
08.06.2013

Cyprus court in its decision created a dangerous precedent

The Supreme Court of Cyprus, who on Friday found a legitimate withdraw funds from depositors deposits in Cypriot banks this spring, its decision created a dangerous precedent

Decline in the services sector
08.06.2013

Decline in the services sector

In the services sector in the first quarter of the year 2013 significant decline.

Cyprus removed restrictions on banking operations AvtoVAZbank
08.06.2013

Cyprus removed restrictions on banking operations AvtoVAZbank

Cyprus Finance Minister Haris Georgiadis on Friday signed a decree lifting the restrictions on financial transactions branch AvtoVAZbank.

Cypriot tourism - not for budget
08.06.2013

Cypriot tourism - not for budget

Late last week, visited Cyprus Secretary General of the World Tourism Organization (UNWTO) Taleb Rifai.

Deposits of foreign diplomats on Cyprus will not suffer
07.06.2013

Deposits of foreign diplomats on Cyprus will not suffer

Deposits of foreign diplomats at the Bank of Cyprus will not be subject to "haircut".

Noble Energy to drill on pristupaek 12-th block shelf
07.06.2013

Noble Energy to drill on pristupaek 12-th block shelf

"Roadmap to develop gas fields in Cyprus", presented today the Minister of Energy, Trade, Industry and Tourism of the Republic Giorgos Lakotripis.

Statistics Service: Cyprus deflation
07.06.2013

Statistics Service: Cyprus deflation

In Cyprus, the second consecutive month fixed deflation. According to the Statistical Service of the Republic, in May, the level of deflation was 0,7 percent, and in April 0,3 percent.

The "reset" economy 2.0
07.06.2013

The "reset" economy 2.0

The second package of measures to support the Cypriot economy "is on its way" and must be declared by the President of the Republic of Nikos Anastiasiadisom from day to day.

Unemployment in Cyprus in May increased by 30 percent
06.06.2013

Unemployment in Cyprus in May increased by 30 percent

The number of unemployed increased in Cyprus in May this year on 30 percent compared with the same month last year.

Cyprus losses from the sale of banks in Greece reached 3,4 billion €
05.06.2013

Cyprus losses from the sale of banks in Greece reached 3,4 billion €

Cyprus has lost billions of euros from the sale in March offices of three leading banks in the country in Greece Piraeus Bank

Another downgrade could happen this year
05.06.2013

Another downgrade could happen this year

Another sovereign downgrade Cyprus could happen this year, however, the markets, in particular, Russian, it will not have a serious impact.

Fitch lowered the rating of Cyprus by one notch
03.06.2013

Fitch lowered the rating of Cyprus by one notch

Fitch downgraded the credit rating of Cyprus in foreign currency from B to B- with "negative" outlook, the agency said.

Unemployed are becoming more
03.06.2013

Unemployed are becoming more

In April 2013 year increase in unemployment in Cyprus has become the second largest in the EU after Greece, reaching another record high.

Check the discharge!
02.06.2013

Check the discharge!

Bank of Cyprus encourages its customers carefully check that they receive bank statements for erroneous debiting.

Power was transferred from the Central Bank of Cyprus to the banks of the island 75 million euros
01.06.2013

Power was transferred from the Central Bank of Cyprus to the banks of the island 75 million euros

The Government of Cyprus has placed on deposit with the financial institution of the island 75 million euros, reported Friday the Ministry of Finance of Cyprus.

Cyprus economy continues to slow - Ctatsluzhba
01.06.2013

Cyprus economy continues to slow - Ctatsluzhba

Statistical Service of Cyprus / CYSTAT / May has been publishing data packet on the basis of economic development of the republic in the first quarter of this year.

Frozen assets of three former executives of Laiki Bank
01.06.2013

Frozen assets of three former executives of Laiki Bank

Central Bank of Cyprus announced today the temporary freezing of all assets of three former leaders of the Cyprus Popular Bank / known as "Huskies" /

Political selling banks
31.05.2013

Political selling banks

Responding to accusations of "selling" the branches of Cypriot banks in Greece

Lifting the ban on banking transactions has not led to tragedy
30.05.2013

Lifting the ban on banking transactions has not led to tragedy

Conclusion of a number of existing foreign banks in Cyprus from the controls on the movement of capital "has not yet led to significant problems in terms of outflows from the country."

In July, possibly meeting new shareholders of Bank of Cyprus
30.05.2013

In July, possibly meeting new shareholders of Bank of Cyprus

The Cypriot government demands from the Central Bank of the Republic to complete the restructuring of the Bank of Cyprus as soon as possible.

Nicosia is still waiting for restructuring loan from Russia
30.05.2013

Nicosia is still waiting for restructuring loan from Russia

Cyprus continues to wait for Russia's decision to ease conditions issued in 2011 year loan in the amount of 2,5 billion euros.

Cypriot authorities will try to restore the economy to 2015
30.05.2013

Cypriot authorities will try to restore the economy to 2015

The Cyprus government has set a goal to get out on the path of economic recovery in 2015 year. This was stated in an interview with Trend. ITAR-TASS head Cypriot Finance Minister Haris Georgiadis.

Private deposits in banks in Cyprus are reduced
29.05.2013

Private deposits in banks in Cyprus are reduced

Deposits of individuals and companies in Cyprus banks in April decreased by 7,3 percent.

Cyprus and Greece agreed to buy bank branches in Greece
29.05.2013

Cyprus and Greece agreed to buy bank branches in Greece

Head of the Central Bank of Cyprus said that the sale of the Cypriot banks' branches in Greece has been agreed between the two countries at the political level.

Half a billion Chinese
28.05.2013

Half a billion Chinese

Chinese investors are going to invest in the economy of Cyprus and a half billion euros.

100 million from EIB
28.05.2013

100 million from EIB

On Wednesday, 29 May, on an official visit to Cyprus comes head of the European Investment Bank Werner Hoyer.

Interim Executive Director appointed to Bank of Cyprus
28.05.2013

Interim Executive Director appointed to Bank of Cyprus

Central Bank of Cyprus appointed interim CEO of the largest on the island of the Bank of Cyprus Greek banker Christos Sorotosa. This is stated in a statement of the Central Bank.

Bank of Cyprus will get out of external control in late July
28.05.2013

Bank of Cyprus will get out of external control in late July

Procedure for the settlement of the situation in the Bank of Cyprus will be completed by the end of July.

Customers Lebanese banks in Cyprus are pulling money from the island
25.05.2013

Customers Lebanese banks in Cyprus are pulling money from the island

Lebanese banks branches in Cyprus withdrew from the island in the last two weeks more 1,2 billion dollars, which is at least 60 percent of deposits of citizens of Lebanon.

The central bank does not agree
25.05.2013

The central bank does not agree

The central bank does not agree abridged version of reports of money laundering in Cyprus does not reflect the main results of the audit, but only describes the shortcomings of the banking system.

Head of Bank of Cyprus is selected?
25.05.2013

Head of Bank of Cyprus is selected?

Michalis Kolakidis may become the new head of the Board of Directors of Bank of Cyprus.

Public debt was almost unchanged
25.05.2013

Public debt was almost unchanged

In the first quarter of this year the national debt of Cyprus remained almost at the level of the previous period: as of March, he reached 31 15,342 million euros.

Lifted restrictions for two more foreign banks
24.05.2013

Lifted restrictions for two more foreign banks

Cypriot authorities lifted restrictions on financial transactions for two more foreign banks.

Cyprus and
24.05.2013

Cyprus and the "troika" are ready to fight money laundering

Cyprus prepared in collaboration with the "troika" eliminate "weak spots" in the fight against money laundering - the Ministry of Finance of the Republic.

Cyprus confirms its commitment to EU standards
24.05.2013

Cyprus confirms its commitment to EU standards

After talks with President of Cyprus Nikos Anastasiadis, European Commission President Jose Manuel Barroso made it clear that the European Union will continue to support Cyprus, as the country reaffirmed its commitment to the rules and standards of the EU.

Cyprus collapsed after Greece
24.05.2013

Cyprus collapsed after Greece

Russian diplomat Vladimir Chizhov said that the crisis in Cyprus - a reflection of the systemic crisis of the entire eurozone.

Stability returns after the completion of the restructuring
23.05.2013

Stability returns after the completion of the restructuring

Speedy completion of the restructuring of the Bank of Cyprus will allow to return stability to the entire economy of the republic - Finance Minister of Cyprus.

Anastasiadis: "no new taxes"
23.05.2013

Anastasiadis: "no new taxes"

Cypriot president said that in the case of the need for new financial measures will not be introduced no new taxes