The ministry of finance issued today a new decree for capital controls, which allows for a small relaxation of the restrictive measures.
StockWatch reveals today the confidential report of troika on money laundering in Cyprus. In the summary of the report the troika identifies four vulnerabilities in the Cypriot banking system,...
16/05/2013
Cyprus Popular Bank and Bank of Cyprus could operate normally if the first Eurogroup decision for Cyprus was adopted, former Finance Minister, Michalis Sarris stated on Wednesday. In a clear and...
The basic assumptions on which the Cypriot program is based are a black hole for the executive directors of the International Monetary Fund. The positions of the executive directors of the Fund,...
15/05/2013
Troika’s report on money laundering will be put before the euro area Finance Ministers today to examine one by one the findings of Moneyval and Deloitte Italy and to discuss the action plan before...
13/05/2013
The finance ministry issued today two new decrees regarding the capital controls regime, which has been in place since late March. Despite worries that the relaxation of the capital controls was...
10/05/2013
The Board of Directors of Bank of Cyprus decided on May 8 to introduce new Committees, giving one of them the authorization to select the most appropriate candidate and to submit its recommendation...
10/05/2013
The competent authorities are planning to transfer additional assets from Cyprus Popular Bank to strengthen the balance sheet of Bank of Cyprus. An internal memo prepared on April 29 by Central...
A Harmonization Steering Group has been introduced by administrator of Bank of Cyprus, Ntinos Christofides for the best possible harmonization and convergence of the activities of Bank of Cyprus and...
The possible appointment of Alexis Galanos as temporary Chairman of the Board of Directors of Bank of Cyprus seems to stumble at certain obstacles. The Presidential Palace is exceptionally...
25/04/2013