Breaking News
29 July 2014 14:37
 Small businesses are still struggling even though the official summer sales period has kicked in; with the turnover being significantly reduced in comparison to previous years say shopkeepers.
Small shopkeepers’ union Povek General Secretary Stefanos Koursaris told Alithia newspaper that......More
29 July 2014 12:05
 Bank of Cyprus, the Cypriot lender that recapitalised by seizing its clients' deposits last year, said it had raised 1 billion euros in a private placement on Monday, drawing in investors from the United States and Russia as well as from an EU-controlled bank.
The European Bank for......More
29 July 2014 09:13
 The latest Standard Eurobarometer survey results have shown Cypriot opinions on current conditions and what the future holds on many occasions differ from the EU average.
In response to how they viewed their national economy, 93% of the Greek Cypriots selected ‘Bad’ over ‘Good’ compared to......More
29 July 2014 09:11
NICOSIA- Some 200 FBME Bank employees on Monday peacefully picketed the Central Bank (CBC) to voice their concern over a decision to sell-off local branches in the wake of US money laundering charges.
Undertaking the action on their own initiative, the employees walked from the bank’s branch near......More
28 July 2014 15:44
 A legal framework on insolvency may well determine the fate of the repossessions bill which must be approved by parliament by September 1.
Amidst strident objections to the repossessions bill agreed with the Troika, attention has turned to the insolvency bill in view of €27 billion in......More
28 July 2014 12:54
 The board of the Bank of Cyprus meets at 10.30 on Monday to decide on increasing the share capital of the bank.
This follows an evaluation of tenders submitted by qualified investors in a process which ended on Friday.
The Board will decide which of the bids received from the investors......More
28 July 2014 09:09
Tanzania’s central bank said on Friday it had taken over the management of FBME bank accused by the US government of large-scale money laundering.
The decision comes after the Central Bank of Cyprus (CBC) placed two branches of FBME bank under its control following a......More
28 July 2014 09:08
Nicosia and the Troika of international lenders reached on Friday an agreement on the draft bill on property repossessions, senior European Commission sources said.
The bill requires ratification from the House by the beginning of September before the next instalment of bailout cash can be......More
26 July 2014 10:33
 International lenders concluded a fifth review of Cyprus's economy on Friday, saying the island was making "relatively good progress" after a bailout last year but that key challenges lay ahead.
Representatives of the lenders, comprising the European Commission, the International Monetary......More
25 July 2014 14:11
A draft bill on property repossessions is the main obstacle in completing negotiations between the government and the Troika on the revised text of the bailout agreement, following the fifth evaluation.
Troika technocrats will meet Finance Minister Haris Georgiades again this morning at the......More
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