Cyprus has further eased limits on taking money out of the country from domestic banks by doubling the amount businesses can transfer abroad.
For the fifth consecutive month bank deposits in Cyprus declined in October according to the Central Bank of Cyprus. “Deposits declined by €212.9 million to […]
In a classic case of “do as I say, not as I do,” a member of the European Central Bank’s (ECB) executive board, Benoît Coeuré, […]
NICOSIA — Cyprus’ government has hailed rating agency Moody’s three-notch upgrade of the bailed-out country’s credit grade as validation of its adherence to the terms […]
Cyprus’ government Moody’s upgrade of the bailed-out country’s credit grade as validation of its sticking to bailout rescue terms.
The Bank of Cyprus is launching a new program to support Cypriot businesses and lower youth undemployment. In cooperation with the European Investment Bank (EIB), […]
A Cypriot official says the Eurozone has approved his country’s next installment of rescue money amounting to 350 million euros.
Cyprus’ Finance Minister Harris Georgiades said an economic slide caused by bad decisions by banks is slowing and improvement showing.
Rating agency Standard & Poor’s gave Cyprus a one notch upgrade to its credit grade, to B+, citing its commitment to bailout terms.
In a deep economic crisis, Cyprus now wants to set up an Islamic finance hub to spur growth and recovery on a divided island.