The Supreme Court will meet today to determine the process in relation to the temporary decrees that have been issued for the freezing of haircuts on deposits. Chairman of the Bar Association,...
President of the European Central Bank, Mario Draghi stated that the first haircut “was not smart”. The first Eurogroup decision included haircut of insured deposits, causing reactions...
05/04/2013
President of the Republic, Nicos Anastasiades, in a written statement, expressed his warmest thanks and deepest appreciation to the people of Cyprus for the maturity and high sense of responsibility...
28/03/2013
The restrictions in the movement of capital are necessary, however, the situation must be restored the soonest possible to the benefit of the Republic, the European Commission said in a written...
28/03/2013
Russia’s stance towards the possibility of restructuring and expanding the Cypriot loan will depend on the capital controls to be announced today, was the message of the Russian Finance Minister,...
27/03/2013
The troika and the Cypriot authorities requested the resignation of the Boards of Bank of Cyprus and Cyprus Popular Bank to facilitate the restructuring process of the banking system. According to...
27/03/2013
Despite the haircut on deposits of €5.8 billion, Cyprus is still facing a risk of fiscal derailment due to recession. This is what Fitch said, placing Cyprus's Long-term foreign and local currency...
Banks are expected to open tomorrow with certain controls on transactions since latest developments in the past two days have minimized the system’s ability to operate freely. The public...
27/03/2013
ETYK welcomed with relief the statements of the President of the Republic in his message for the protection of the Provident Fund for all employees as well as his decision to appoint criminal...
26/03/2013