Breaking News
23 April 2014 10:21
 Debt-ridden Cyprus aims to return to international financial markets by March 2016 and an initiated savings bond programme for retail investors will be a ‘small, first step’.
This is what Finance Minister Haris Georgiades told state radio on Tuesday, adding that the return to......More
21 April 2014 10:24
An initial agreement to go ahead with a detailed study that will examine the role of Larnaca port for the benefit of the entire town was reached between Mayor Andreas Louroutziatis and Communications Minister Marios Demetriades. According to an official announcement, the minister met with......More
22 April 2014 08:52
A deicison by Israel's Delek energy group to bid for Cyprus' interim gas solution could serve as the first step for future export deals, the Jerusalem Post reported. "The construction of a pipeline from Leviathan to Cyprus for small annual imports on the island might pave the way for larger......More
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
20 April 2014 17:54
International lenders will return to Cyprus for the fourth evaluation of the adjustment programme on May 6 for 15 days,. During the first week representatives of the European Commission, the European Central Bank and the International Monetary Fund (IMF) are expected to examine all issues on a......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
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