Cyprus Eases Money Transfers Abroad

- December 5, 2014

Cyprus has further eased limits on taking money out of the country from domestic banks by doubling the amount businesses can transfer abroad.

ECB Does Not Follow Its Own Rules

- November 19, 2014

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, […]

Cyprus Welcomes Credit Upgrade

- November 16, 2014

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 […]

Moody’s Gives Cyprus Big Upgrade

- November 16, 2014

Cyprus’ government Moody’s upgrade of the bailed-out country’s credit grade as validation of its sticking to bailout rescue terms.

Bank of Cyprus Program For SMEs

- November 15, 2014

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), […]

Cyprus Bailout Installment Coming

- November 7, 2014

A Cypriot official says the Eurozone has approved his country’s next installment of rescue money amounting to 350 million euros.

Cyprus Says Recession Ending

- November 4, 2014

Cyprus’ Finance Minister Harris Georgiades said an economic slide caused by bad decisions by banks is slowing and improvement showing.

S&P Upgrades Cyprus Over Bailout

- October 24, 2014

Rating agency Standard & Poor’s gave Cyprus a one notch upgrade to its credit grade, to B+, citing its commitment to bailout terms.

Cyprus Eyes Shariah Finance Hub

- September 25, 2014

In a deep economic crisis, Cyprus now wants to set up an Islamic finance hub to spur growth and recovery on a divided island.