The Cypriot government is not going to accept and does not intend to sign a loan agreement if the new terms of the heads of the troika to increase corporate tax or to proceed with a deposit haircut...
The government is giving battle with the heads of the troika to finalize the memorandum and to avoid tough measures that would affect Cyprus’s position as financial centre. At the highest...
07/03/2013
The Cypriot authorities give battle against time to prepare alternative scenarios in order to convince creditors to proceed with finalizing the loan agreement. The European partners have set a...
06/03/2013
The Central Bank of Cyprus anticipates the troika’s decision whether the banks will be informed on the amount of their capital needs estimated by Pimco. In her statements to StockWatch, Central...
21/02/2013
Even if everything goes smoothly at the Eurogroup in March, the first tranche will not be paid to Cyprus before mid-May, DISY Vice President, Averof Neophytou stated today. To prevent a potential...
21/02/2013
Nicosia accepted multiple messages for the content of the memorandum and the timeframes of its finalization yesterday. Few hours after the presidential elections, the European officials declined to...
19/02/2013
Moody’s warned the European authorities on Thursday that a haircut in Cypriot deposits would have negative impacts on the ratings of the European banks. Commenting on the Financial Times report on...
14/02/2013
Bank of Cyprus and Cyprus Popular Bank requested an extension in the announcement of their preliminary results for 2012 by the SEC. Chairwoman of the Commission, Demetra Kalogirou, in her...
13/02/2013
Banks are on an “uneasy calmness” mode after reports in global press for a haircut of the uninsured deposits. Latest reports raised concerns to customers and introducers, who were, however,...
13/02/2013
European Commission Vice President, Olli Rehn stated that the Commission is not working on a debt restructuring plan for Cyprus. “The Commission's intention is to ensure a fair burden sharing of the...
12/02/2013