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Shares cooperatives billion euros
10.05.2013

Shares cooperatives billion euros

Cooperative banks in Cyprus are considering the issue of special securities.

Cyprus has no way back
09.05.2013

Cyprus has no way back

Rejecting any suggestion of a return to Cyprus pound as irresponsible, the Cypriot government is focused on a return to economic growth, said Cypriot President Anastasiades.

Cyprus economy will begin to recover in the year 2015
08.05.2013

Cyprus economy will begin to recover in the year 2015

Restoration of the Cyprus economy with a significant reduction in the banking sector is expected 2015 year.

Cyprus Finance Ministry asks Russia loan restructuring
08.05.2013

Cyprus Finance Ministry asks Russia loan restructuring

Cyprus Finance Ministry sent a letter to Prime Minister with a request to revise the terms of the Russian loan, issued at the end of the republic 2011 year.

On the growth of unemployment Cyprus in second place in Europe
08.05.2013

On the growth of unemployment Cyprus in second place in Europe

Cyprus in March, took second place in the rise in unemployment in the EU.

The first tranche of the credit goes to the European mid-May
08.05.2013

The first tranche of the credit goes to the European mid-May

Management of the European Stability Mechanism / ECM / Wednesday, 8 May to decide on the allocation of the first tranche of a loan granted in accordance with the anti-crisis program for Cyprus.

Cyprus began haircut and Russian taxpayers help him
08.05.2013

Cyprus began haircut and Russian taxpayers help him

Last week, the Cypriot authorities have launched a scheme haircuts deposits in local banks. Rather, the two of them, but the biggest.

Investors forever lose faith in the banking system in Cyprus
07.05.2013

Investors forever lose faith in the banking system in Cyprus

The financial crisis and ways to overcome it, forced the government of Cyprus to search desperately for the amount 13 billion euros, are likely to have more serious consequences than simply raising taxes

Cyprus Airways embarked on restructuring
07.05.2013

Cyprus Airways embarked on restructuring

Cypriot Minister of Communications and Works Thassos Mitsopulos said Thursday that the Council of Cyprus Airways

Russia eased repayment terms for Cyprus
06.05.2013

Russia eased repayment terms for Cyprus

Russia softened conditions repayment of a loan in Cyprus 2011g., In the amount of 2,5 billion.

Bank of Cyprus in Romania
06.05.2013

Bank of Cyprus in Romania

Part of the assets and liabilities of the Romanian unit Bank of Cyprus submitted Marfin Bank (Romania)

Retired captive
06.05.2013

Retired captive

Plan early retirement for its employees as well as employees of Cyprus Ropular Bank, - all 1 000 people - prepared in Bank of Cyprus.

Cyprus demanded full payment of electricity
05.05.2013

Cyprus demanded full payment of electricity

Turkish newspaper Hurriyet Daily News reported that the Republic of Cyprus demanded full payment of the electricity of the occupied territories of the island, which until now was free.

From Cyprus - in Latvian banks
05.05.2013

From Cyprus - in Latvian banks

According to the head of the Central Bank of Latvia Ilmar Rimshevicha in the first quarter of this year, only about 100 million was transferred to the Latvian banks from Cyprus

Cypriot bank elected chairman
05.05.2013

Cypriot bank elected chairman

Cyprus Bank (Bank of Cyprus) announced that the transitional Board of Directors at its first meeting elected Sophocles Michaelides and Erol Riza chairman and vice-chairman respectively.

In priorities - shipping and public transport
04.05.2013

In priorities - shipping and public transport

As told in an interview, "Bulletin of the Cyprus' Minister of Communications and Works Mittsopulos Thassos, the priorities of the government in its field is the development of shipping and ports

EC foretold Cyprus decline in GDP 8,7%
04.05.2013

EC foretold Cyprus decline in GDP 8,7%

Cyprus economy this year will fall on 8,7%, and in 2014 year - another 3,9%, says the report of the European Commission on the EU economy

Alternatives - uncertain
03.05.2013

Alternatives - uncertain

Current debates about whether to leave the Eurozone Cyprus, irrelevant and even "dangerous" - that they use questionable or obviously incorrect data, inconsistent methodology and controversial arguments.

Development funds Cyprus
03.05.2013

Development funds Cyprus

26 April the European Commission approved a new program, whose purpose - to stimulate the growth of the Cyprus economy and make use of the country's funding from the European Regional Development Fund more effective.

Cyprus is successfully fighting money laundering
03.05.2013

Cyprus is successfully fighting money laundering

Cyprus fulfills the conditions of combating money laundering, stressed the Cypriot Minister of Finance

The ECB will once again recognize the Cypriot bonds as guarantees
03.05.2013

The ECB will once again recognize the Cypriot bonds as guarantees

Bonds issued or fully guaranteed by Cyprus, again can be used as collateral for Eurosystem credit operations.

Risk - a noble cause?
02.05.2013

Risk - a noble cause?

28 000 records relating to the purchase of Bank of Bank of Cyprus of Greek bonds were wiped out, according to the report of the audit firm Alvarez and Marsal.

Taxes approved
02.05.2013

Taxes approved

30 April, before the vote on the signing of a memorandum with the "troika", the Cypriot Parliament adopted a number of laws related to obtaining care.

Government announced a new tax on real estate
01.05.2013

Government announced a new tax on real estate

In late April 2013 Ministerial Council of the Republic of Cyprus has approved amendments to the law on the taxation of real estate.

The Government of Cyprus welcomes the decision of the Parliament
01.05.2013

The Government of Cyprus welcomes the decision of the Parliament

Cypriot authorities are pleased to Parliament's decision to ratify the agreement with creditors and declare their intention to remain in the euro zone.

Cyprus Parliament voted to increase taxes and fees
01.05.2013

Cyprus Parliament voted to increase taxes and fees

Cyprus Parliament voted agreed with the troika of creditors ten bills, primarily to increase taxes and fees, the adoption of which is necessary to obtain financial assistance.

Unemployment in Cyprus for the year reached record levels
01.05.2013

Unemployment in Cyprus for the year reached record levels

Unemployment in Cyprus reached a record level - in March she was 14,2% of the economically active population, said on Tuesday the European statistics office Eurostat.

Parliament supported the agreement with Cyprus
01.05.2013

Cyprus Parliament supported the agreement with the "troika"

Cyprus Parliament, after a stormy debate and cries under the disgruntled protesters on Tuesday approved a memorandum with the "troika" of creditors (IMF, EU and European Central Bank)

The uniqueness of Cypriot banks to PIMTSO
30.04.2013

The uniqueness of Cypriot banks to PIMTSO

Central Bank of Cyprus issued a preliminary version of the results of the study one of the largest investment funds in the world PIMCO, conducted the audit of the Cyprus banking system.

PwC: Japan's policy will not repeat all countries
30.04.2013

PwC: Japan's policy will not repeat all countries

Company PricewaterhouseCoopers (PwC), presented an overview of the world economy, with particular emphasis on the situation in Cyprus

The parliament must ratify the agreement with the EU and IMF
30.04.2013

The parliament must ratify the agreement with the EU and IMF

Failure of the Cyprus Parliament to approve the government reached an agreement with the European Union and the International Monetary Fund about the anti-crisis program will mean "complete financial collapse" of the country.

Exit from the Eurozone is a violation of the Treaty of Accession to the EU
30.04.2013

Exit from the Eurozone is a violation of the Treaty of Accession to the EU

Cyprus can not leave the euro zone, and he had "no choice but to continue to carry out the prescribed" troika "of international lenders conditions for overcoming the crisis."

Media learned of the lucky ones who managed to withdraw money from Cyprus
29.04.2013

Media learned of the lucky ones who managed to withdraw money from Cyprus

Accounts in Cyprus were almost all major Russian companies. Russian clients stored in Cypriot banks around 15 billion euros.

Anti-crisis measures troubled eurozone countries
29.04.2013

Anti-crisis measures troubled eurozone countries

In Greece, civil servants are dismissed, and convert deposits in Cyprus. Greece's parliament passed a bill that would allow the government to reduce 15 thousand jobs in government.

Cyprus will retain control over the movement of funds by September
29.04.2013

Cyprus will retain control over the movement of funds by September

Cyprus will retain control over the movement of cash in the banks until September, when the procedure is completed the restructuring of Bank of Cyprus and Laiki Bank

Bank of Cyprus completed the exchange 37,5% share of deposits
29.04.2013

Bank of Cyprus completed the exchange 37,5% share of deposits

Bank of Cyprus has fulfilled one of the main conditions for granting the country the EU and the IMF loan in the amount of 10 billion euros as part of anti-crisis program

Taxes travel
28.04.2013

Taxes travel

Tax Authority of Cyprus has set a target to get about 200 thousand euros in unpaid taxes from travel allowances freelancers Cyprus Sports Organization (KLA) during 1999 2004 for years.

Economists had tipped Cyprus two years of recession and unemployment
28.04.2013

Economists had tipped Cyprus two years of recession and unemployment

Center experts offer a range of measures to overcome the economic crisis. According to them, the Government of Cyprus should attract foreign investment, and not deposits.

Ioannis Kasoulides will meet with U.S. Secretary of State
28.04.2013

Ioannis Kasoulides will meet with U.S. Secretary of State

Cypriot Foreign Minister Ioannis Kasoulides will meet with U.S. Secretary of State John Kerry 10 May.

Cypriot banks depositors withdrew in March from deposits 3,7 billion €
27.04.2013

Cypriot banks depositors withdrew in March from deposits 3,7 billion €

Compared to February 2013, deposits decreased by 3,7 billion euros. And compared to March 2012, deposits decreased by 7 billion euros.