Central Bank of Cyprus suspended the planned reopening of banks on Tuesday, after disagreement with the government’s intention not to impose restrictions in the capital movement. After...
European Commission Vice President, Oli Rehn insists on the approval of the bills for the consolidation of banks and the imposition of restrictions in capital movement the soonest possible....
The Cypriot government seems to have agreed with the troika on a formula combining the set up of the Investment Solidarity Fund with a haircut on deposits exceeding €100 thousand of 7% - 8%....
The consequences from the approval of the bill on the consolidation of Laiki Bank and the legislation for the restrictive measures on transactions will be terrifying and unpredictable, Deputy CEO of...
Central Bank Governor, Panicos Demetriades appealed to the Parliament on Friday to approve the bills and warned that there is a default risk. Earlier, Mr. Demetriades, speaking to the House...
The various publications that appear today, particularly in the electronic media, refering to the Commission's decision to "close" the Laiki Bank Ltd (Cyprus Popular Bank Public Co Ltd), do not...
French Finance Minister Pierre Moscovici said that Cyprus needs to decide what it wants and that euro area governments have already offered the nation enough help. “The government of Cyprus needs...
There will be a rescue program for Cyprus by next week. This is what Central Bank Governor, Panicos Demetriades, stated on Thursday, on his way out from the Presidential Palace. Mr. Demetriades...
The government will try on Thursday to reintroduce a new proposal for a haircut on deposits with the simultaneous submission of a proposal for the creation of a fund that will reduce the amount of...
The government denies reports that Cyprus Popular Bank has been sold to Russian investors. In a written statement, Government Spokesman of the Republic of Cyprus, Christos Stylianides denies...