The island’s government is examining a number of options for the recapitalization of the Cyprus banks, including interstate borrowing. In new Finance Minister’s office, the scenarios for the...
Cyprus Popular Bank is expected to announce its final results for 2011 on April 30, 2012. According to the announcement, its Board of Directors will meet on Monday, 30 April 2012 to examine, among...
The state should not have the right to vote in the event that the local banks need its support to strengthen their capital base, Cypriot economist and Nobel-Prize Winner, Christoforos Pissarides...
A possible implementation of the single tax on stock market transactions in EU will hit growth, the Cypriot banks support, stressing that they already contribute enough to the state coffers....
Austerity is not always the only and most effective recipe for reducing public debt, Professor at Leicester University, Panicos Demetriades stated on Wednesday. Speaking at an event for the 70...
The European Central bank decided on Wednesday to leave interest rates on hold at 1%. The decision was anticipated by the analysts. The ECB announcement is as follows: At today’s meeting the...
Government Spokesman, Stephanos Stephanou stated on Wednesday that Central Bank Governor is responsible for the size of the island’s banking system. Further to the criticisms of AKEL MP, Stavros...
New Finance Minister, Vassos Shiarly reiterated the government’s commitment to support the banking sector in cooperation with the Central Bank of Cyprus, during his first meeting with the bankers and...
The first meeting of new Finance Minister, Vassos Shiarlis with the bank leaders and the Association of Banks seems that it will focus on the interest rate cut and the prevailing conditions in the...
Lending rate cuts pass through the regulation of the capital challenges that banks face, Finance Minister, Vassos Shiarlis stated on Tuesday. Speaking to CyBC earlier today and invited to state...