Cyprus will vote again next week on a privatization bill that the country needs to secure the next batch of rescue money to avoid bankruptcy.
Cyprus’ lawmakers have forced the government to renegotiate terms of legislation that would pave the way for the privatization of state companies, a condition of a bailout.
Nearly a year after asking for an international bailout with its economy on the edge of collapse, Cyprus will start going after the people who caused it.
NICOSIA – Cyprus’ central bank chief says he expects all restrictions on bank money transfers and withdrawals to be lifted by the end of the […]
NICOSIA – Workers at Cyprus’ state-owned telecommunications and electricity authorities went on strike for 24 hours to protest government plans to privatize the state-owned enterprises. […]
Almost a year after Cyprus put daily limits on withdrawals to prevent a run on the banks following the confiscation of 47.5 percent of accounts […]
The U.S. State Department, breaking from its usual support for Turkey, said it sides with Cyprus’ exploration for energy reserves off the coast and criticized […]
Banks in recession-hit Cyprus, reeling from a financial crisis, are struggling with non-performing loans that make up nearly half their lending and are hampering efforts […]
Cypriot President Nicos Anastasiades said economic difficulties will be overcome and recover sooner than expected.
While President Nicos Anastasiades was in Qatar wooing investors in a bid to help his country recover from a still-growing economic crisis caused by bad […]