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Positive developments in the banking sector
05.12.2013

Positive developments in the banking sector

According to the Central Bank, increased slightly bank deposits of citizens of countries outside the EU in Cypriot banks. But in general, the situation can hardly be called positive: over-year drop of banking system assets totaled 22,7%.

Tightening of credit conditions in Cyprus
04.12.2013

Tightening of credit conditions in Cyprus

President of the Association of Banks of Cyprus Marios Clerides said that the new criteria for the granting of bank loans are very strict, adding that it is necessary in the current economic situation.

Unemployment in October was 17%
03.12.2013

Unemployment in October was 17%

Agency Eurostat published data showing that unemployment in Cyprus in October totaled 2013 17%, that 0.2% more than in October sentyabre.Vsego 75000 were registered unemployed.

Cyprus responded to the threat to blacklist
01.12.2013

Cyprus responded to the threat to blacklist

Its officials have promised to reform the Russian Finance Ministry in "record time."

Privatization of state enterprises in Cyprus - one-way street
01.12.2013

Privatization of state enterprises in Cyprus - one-way street

Privatization of semi-governmental organizations in Cyprus for the European Union as a one-way street. In this allegorical form Cyprus Finance Minister Haris Georgiadis described the problem facing the authorities in Cyprus today.

Industrial production continues to decline in Cyprus
30.11.2013

Industrial production continues to decline in Cyprus

The Statistical Service of Cyprus has published data according to which in September was recorded another decline in industrial production on the island.

S & P has upgraded the long-term rating of Cyprus c CCC + to B-
29.11.2013

S & P has upgraded the long-term rating of Cyprus c CCC + to B-

International rating agency Standard & Poor's upgraded the long-term credit rating of Cyprus in foreign currency from CCC + to B- with a stable outlook.

Cyprus in October for the first time after
29.11.2013

Cyprus in October for the first time after the "haircut" marked increase in deposits

Outflow of funds from deposits in banks in Cyprus in October was the lowest in the last 10 months. This was announced by the central bank of the country.

Loss of the Bank of Cyprus for the first half amounted to 1,8 billion euros
27.11.2013

Loss of the Bank of Cyprus for the first half amounted to 1,8 billion euros

Loss of the Bank of Cyprus, in the process of restructuring in the first half amounted to 2013 1,8 billion euros a year. This is stated in the financial statements published on the largest island of the credit institution.

Veto "troika" on tax amnesty
22.11.2013

Veto "troika" on tax amnesty

"Troika" European lenders has made it clear that Cyprus received a memorandum automatically imposes a ban on tax amnesty, which was launched by Government announced in July this year. About this newspaper "Politis".

The real estate market: the situation is grim
21.11.2013

The real estate market: the situation is grim

According to a recent study by the Department of Land Resources, the grim situation in the property market of Cyprus is obliged to bureaucratic obstacles to the settlement of transactions.

Active use of plastic cards
18.11.2013

Active use of plastic cards

According to the JCC, because of the tax on real estate activity using plastic cards in October rose 21%. If we exclude the employees of the public sector, the growth of this indicator was 0,3%.

Media: Russian sold frozen first contribution to the Bank of Cyprus
15.11.2013

Media: Russian sold frozen first contribution to the Bank of Cyprus

The first frozen contribution to Bank of Cyprus sold a citizen of the Russian Federation to the American hedge fund, Forbes reported with reference to the Cyprus company MeritKapital, which organized and structured the deal.

Privatization of state enterprises: Christoforos Pissaridis - for
14.11.2013

Privatization of state enterprises: Christoforos Pissaridis - for

Head of the National Economic Council, Nobel laureate Christoforos Pissaridis considers the privatization of public companies the right step. According to him, the delay in privatization - is primarily a political decision.

Piggy bank
14.11.2013

Piggy bank

The leaders of Marfin Laiki Bank, Cyprus and Greece received huge bonuses in the amount of 52 million euros in the period in 2007 2012 year. This information has received considerable attention, was published on November 12 Cyprus Parliament.

Cyprus property sales fell 32%
13.11.2013

Cyprus property sales fell 32%

In the context of a deep recession in Cyprus is rapidly declining real estate market, real estate sales in the country fell in October 32% compared with the same month last year, according to data published on Tuesday, the Department of Land Registry republic.

Fitch: CCC rating of Cyprus in national currency and in foreign B-
12.11.2013

Fitch: CCC rating of Cyprus in national currency and in foreign B-

Fitch Ratings has affirmed the long-term issuer default rating of Cyprus in the national currency at CCC. This is stated in the report of the agency.

The new head of the Bank of Cyprus made a last warning to debtors
12.11.2013

The new head of the Bank of Cyprus made a last warning to debtors

The new head of the Bank of Cyprus Hurricane John Patrick in his first interview with reporters made a stark warning to those who do not pay the loan.

Lenders noted improvement in Cyprus
10.11.2013

Lenders noted improvement in Cyprus

"Troika" of creditors, which includes the European Central Bank, European Commission and International Monetary Fund, welcomed the Cyprus economy. According to the Cypriot government, this fact gives "incentive and hope to the people of the country, surviving painful reforms."

President of the European Investment Bank comes to Cyprus
10.11.2013

President of the European Investment Bank comes to Cyprus

8 November President of the European Investment Bank (EIB), Werner Hoyer, arrived in Cyprus on an official visit.

08.11.2013

"Troika" commended performance Cyprus crisis program

"Troika" of international lenders / European Commission, the European Central Bank and the International Monetary Fund / Cyprus commended progress in meeting the conditions for granting financial assistance.

Details of the acquisition of Hellenic Bank creators of World of Tanks
06.11.2013

Details of the acquisition of Hellenic Bank creators of World of Tanks

Game Developer World of Tanks - the Cypriot Wargaming pay 40 million euros for 30% stake Cyprus bank Hellenic.

Cyprus President called exact casualty figures from the crisis
06.11.2013

Cyprus President called exact casualty figures from the crisis

As of today, the national debt has reached a point in Cyprus 15 billion. Euros, "and if we talk about the relief to provide liquidity to banks, it is estimated at 9,2 billion. Euros."

Bank of Cyprus has decided to reduce interest rates on loans
05.11.2013

Bank of Cyprus has decided to reduce interest rates on loans

Bank of Cyprus has decided to reduce interest rates on loans. As the chairman of the board of directors of the largest on the island of the credit institution Christis Hasapis, it is one of the steps, which is "aimed at restoring public confidence in the bank."

Reduction of the minimum wage to solve crisis problems
01.11.2013

Reduction of the minimum wage to solve crisis problems

30 October, representatives of the "troika" met with Cypriot employers.

The trip to China to attract investment
01.11.2013

The trip to China to attract investment

The program to attract foreign investment to Cyprus team representatives headed by the Minister of Energy, Commerce, Industry and Tourism, Giorgos Lakkotripisom flew to China.

Cyprus must change the system of supervision of banks in the country
31.10.2013

Cyprus must change the system of supervision of banks in the country

Stabilization of the banking sector in Cyprus is the key to economic recovery and return to global financial markets.

Not a cent more for Alvarez & Marsal
30.10.2013

Not a cent more for Alvarez & Marsal

"London auditing firm Alvarez & Marsal will not get more than a penny above the agreed amount", - this statement was made on the eve of the newspaper Cyprus Mail source at the Central Bank of Cyprus.

Cypriot authorities are hoping that
29.10.2013

Cypriot authorities are hoping that the "troika" endorse their efforts

"Troika" of international creditors, starting on Tuesday the second inspection trip to Cyprus, that the authorities would look favorably on the agreement on the allocation of aid to the republic.

Cyprus softened controls on banking operations in the country
26.10.2013

Cyprus softened controls on banking operations in the country

Ministry of Finance of Cyprus announced on Friday that further weakening of controls on the movement of capital in the country, imposed in March after the decision of the Eurogroup of haircut deposits.

Cyprus launched a criminal investigation into collusion with the auditor
25.10.2013

Cyprus launched a criminal investigation into collusion with the auditor

General Prosecutor's Office of Cyprus gave the order to begin a criminal investigation of conditions and circumstances of the agreement between the Central Bank of the Republic and the international consulting firm Alvarez & Marsal, which met in the spring of this year audit of the Bank of Cyprus.

Experts believe the new executive director of the Bank of Cyprus
24.10.2013

Experts believe the new executive director of the Bank of Cyprus

There is every reason to believe that the "Bank of Cyprus will return to its normal state and will become even stronger." This opinion was expressed in an interview with Itar-Tass CEO and Secretary of the Board of Directors of the Cyprus Investment Promotion Agency / CIPA / Haris Papacharalambous, commenting on the appointment to the post of chief executive officer of the largest on the island of the credit institution Hurricane John Patrick.

Appointed as the new Chief Executive Officer of Bank of Cyprus
24.10.2013

Appointed as the new Chief Executive Officer of Bank of Cyprus

New Chief Executive Officer of Bank of Cyprus appointed Hauriken John Patrick, former head of markets and international banking operations of Royal Bank of Scotland / Royal Bank of Scotland /. This decision was made by the Directors.

Denied the construction of the index shares of the banking sector in Cyprus
23.10.2013

Denied the construction of the index shares of the banking sector in Cyprus

Cyprus Stock Exchange refused to compile the index of shares of the banking sector. This was said in a press release of Exchange.

2014 year will be the most difficult for the entire period of the crisis in Cyprus
22.10.2013

2014 year will be the most difficult for the entire period of the crisis in Cyprus

Avoid applying for additional assistance - is one of the priorities of the Government of Cyprus. This was announced today by the Minister of Finance Haris Georgiadis at a hearing in Parliament on the draft budget for the year 2014.

Capital controls will be basically withdrawn by spring 2014
22.10.2013

Capital controls will be basically withdrawn by spring 2014

Measures to control the movement of capital in Cyprus will be virtually removed by early spring 2014 year.

Head of the Central Bank of Cyprus: Cypriot banks losses will continue to grow in the year 2014
22.10.2013

Head of the Central Bank of Cyprus: Cypriot banks losses will continue to grow in the year 2014

Cypriot banks will continue to incur losses in 2014 year in terms of the further deterioration of the macroeconomic situation in the country. This was stated by the head of the Central Bank of the Republic Panicos Demetriades in the debate on the draft budget for next year.

Cyprus remains an attractive financial center
21.10.2013

Cyprus remains an attractive financial center

The difficult financial situation forced Cyprus to seek help from the so-called "troika" of creditors. In exchange for a loan of 10 billion euro the country was forced to agree to a number of conditions, including a change in the tax regime.

Movement of capital in Cyprus "unfreeze" not earlier than one year
21.10.2013

Movement of capital in Cyprus "unfreeze" not earlier than one year

Removal of restrictions on the movement of capital in Cyprus is possible not earlier than one year, said in an interview with the Financial Times the head of the Central Bank of Cyprus Panicos Demetriades.

Global Cyprus arrived in the USA introduced capital controls
20.10.2013

Global Cyprus arrived in the USA introduced capital controls

Largest bank JP Morgan Chase sends letters to customers on the termination of international transfers.