Fitch Downgrades Cyprus Banks to Junk Level
- The Associated Press
- •
- February 02, 2012
NICOSIA, Cyprus (AP) — Credit ratings agency Fitch has downgraded Cyprus' top three commercial banks by a notch each to junk status.
Fitch said Thursday's downgrade of the Bank of Cyprus, Marfin Po...
Cyprus Has 2nd Highest Unemployment Increase in EU27
- Cyprus News Agency
- •
- February 01, 2012
The unemployment rate in Cyprus reached 9.3% in December 2011, marking the second highest increase in a year across the EU.
According to figures released by the statistical office of the European ...
Cyprus FinMin Says Banks Won't Need Gov't Help
- The Associated Press
- •
- January 28, 2012
NICOSIA, Cyprus (AP) — Cyprus' Finance Ministry says it's confident that the island's banks will be able to recapitalize on their own and won't need government support.
The ministry says Cyprus' ec...
EU Congratulates Cyprus on Measures
- Cyprus News Agency
- •
- January 24, 2012
European Commissioner for Economic and Monetary Affairs Olli Rehn and President of the European Central Bank Mario Draghi have congratulated Cyprus on the tough decisions and the austerity measures it...
Cyprus: Second Round of Licensing End of January
- Cyprus News Agency
- •
- January 23, 2012
The official announcement of the second round of licensing for the remaining plots of the EEZ of Cyprus will be issued by the end of the month, Minister of Commerce, Industry and Tourism Praxoula Anto...
Cyprus Air Traffic Controllers to Strike
- The Associated Press
- •
- January 18, 2012
NICOSIA, Cyprus (AP) — Air traffic controllers in Cyprus walked off the job for four hours on Wednesday to protest a two-year government worker wage freeze and other deficit-reduction measures.
The...
Cyprus Finmin Critical of S&P Downgrade
- Cyprus News Agency
- •
- January 15, 2012
Cyprus' Finance Minister Kikis Kazamias has described the decision of Standard and Poor`s to downgrade Cyprus economy credit rating as arbitrary and unsubstantiated, accusing the agency of serving oth...
Cyprus Finmin Welcomes EU Commission's Thumbs Up on Finances
- Cyprus News Agency
- •
- January 12, 2012
Cyprus Minister of Finance Kikis Kazamias expressed satisfaction over the European Commission`s assessment that Cyprus has taken effective action to correct its excessive budget deficit in a timely an...
Cyprus: Offshore Gas Find Gets Investor Interest
- Menelaos Hadjicostis - Associated Press
- •
- December 28, 2011
NICOSIA, Cyprus (AP) — A field off Cyprus where U.S. firm Noble Energy is conducting exploratory drilling holds an estimated 5-8 trillion cubic feet (140-230 billion cubic meters) of natural gas, a si...
Cyprus and Russia Sign Loan Agreement
- Cyprus News Agency
- •
- December 23, 2011
Nicosia and Moscow have signed a multi million loan agreement, and its first installment will be paid by the end of the year.
Minister of Finance Kikis Kazamias and Deputy Finance Minister of the ...
Cyprus Says Gas Deposits Indications Expected Soon
- Cyprus News Agency
- •
- December 22, 2011
First indications on possible deposits of natural gas or oil in block 12 of Cyprus’ Exclusive Economic Zone (EEZ) are expected to be announced around Christmas, Minister of Commerce, Industry and Tour...
Cyprus Approves Deficit-cutting Budget for 2012
- The Associated Press
- •
- December 17, 2011
NICOSIA, Cyprus (AP) — Cyprus lawmakers on Friday approved the austerity-driven budget for 2012 aimed at slashing a burgeoning deficit.
Lawmakers hope to restore confidence in the small, €18 billio...
Cyprus Govt Workers Protest over Pay Freeze
- The Associated Press
- •
- December 13, 2011
NICOSIA, Cyprus (AP) — Thousands of Cyprus government workers briefly walked off the job on Tuesday to protest against a proposed two-year salary freeze they say is being unfairly foisted on them.
...
Cyprus Finmin Wants to Teach Kids to Pay Up Taxes
- The Associated Press
- •
- December 10, 2011
NICOSIA, Cyprus (AP) — Cyprus' finance minister says he wants to root out cheating on taxes by teaching school kids it's cool to pay your dues to the state.
Kikis Kazamias said Saturday that he'll ...
Cyprus FinMin: 2012 Deficit at 2.4 Percent of GDP
- The Associated Press
- •
- December 08, 2011
NICOSIA, Cyprus (AP) — Cyprus' finance minister says a raft of spending cuts and tax increases will shrink the fiscal deficit by four percentage points next year to 2.4 percent of gross domestic produ...
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