Breaking News
19 April 2014 09:56
Uproar over revelations that Opposition Akel and ruling Disy received over a €1.5 million in donations from Greek shipping company Focus Maritime continued unabated on Thursday. Attorney General Costas Klerides (photo) on Thursday issued a statement saying the leaders of both parties will be......More
17 April 2014 20:15
 The Cyprus Banks Association yesterday expressed its disagreement with the publication of the list of 11,000 legal and natural persons who transferred money abroad ahead of the deposits haircut.
A parliamentary probe into the island’s economic collapse is to release the names of those who......More
17 April 2014 12:36
Names of people and companies that received favourable loans on low interest rates or transferred money outside the country between June 2012 and the haircut in March 2013 will be revealed in the Institutions Committee report on the economic collapse, MPs decided on Wednesday.
These include MPs......More
17 April 2014 11:04
A report on Wednesday saying Opposition Akel and ruling Disy received two million euros in donations in 2007-2008 from Greek shipping company Focus Maritime has caused uproar.
Athens-based Focus Maritime belongs to Michalis Zolotas a close associate of bankrupt Laiki Bank’s former top man......More
16 April 2014 15:01
Bank of Cyprus has reduced interest rates on loans for approximately 4,200 vulnerable groups by up to 1%, BoC chairman Christis Hassapis announced onTuesday. The reduction will affect approximately 3,000 housing loans and 1,200 student loans. The decision shows the bank's sensitivity towards......More
16 April 2014 12:36
The head of the criminal investigation team looking into events surrounding the financial collapse of Cyprus has left his post in protest over accusations by MPs that they are dragging their feet.
Police Chief Inspector Themistos Arnaoutis handed in his resignation to Police Chief Zacharias......More
16 April 2014 11:37
Attorney General Costas Klerides on Tuesday rebutted claims by MPs that there has been a delay in the investigation of criminal offences regarding the collapse of the banking system and the economy.
Klerides said that there have been attempts by some to drag the Legal Service down along with......More
15 April 2014 12:30
The names of approximately 7,500 names of people and companies who transferred money abroad in the days leading up to the Eurogroup decision to haircut deposits were discussed during a House Institutions Committee meeting on Monday.
MPs have expressed their dissatisfaction at the removal of names......More
15 April 2014 12:21
Non performing loans (NPLs) and home repossessions, as well as the banks’ upcoming stress tests were the focus of Monday’s Central Bank board meeting.
It was the first meeting under new CB Governor Chrystalla Geoghadji who set the ground for the policy that will be followed to resolve the major......More
12 April 2014 13:11
Credit card expenditure for March spiked 18% in the use of local plastic for purchases in Cyprus. There was well as a steep 34% drop in the use of local cards abroad compared to the same month last year, as recorded by clearing agency JCC. In March 2013 Cyprus agreed rescue aid with international......More
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