Cyprus Gas Drilling To Start By Fall

- July 30, 2014

NICOSIA, Cyprus — Cyprus’ energy minister said Wednesday that exploratory drilling in the first of six potential gas fields off the east Mediterranean island’s coast […]

IMF Warns Cyprus Re: More Pay Cuts

- July 30, 2014

NICOSIA – Despite just getting good grades from international lenders for pressing reforms in return for a 10 billion euro ($13.34 billion) last year, bad […]

Bank of Cyprus Raises 1B Euros

- July 29, 2014

Cyprus’ largest bank says it bolstered its capital base by raising 1 billion euros through a private placement of new shares.

Cyprus Impresses in Bailout Review

- July 25, 2014

Cyprus’ international creditors say the country’s bailout program is making good progress as fiscal targets were met.

Now Cyprus Wants Bank Relief

- July 17, 2014

Cyprus wants to start talks with the European Central Bank on a debt swap that would ease the burden on the Bank of Cyprus, its largest lender

Troika Checks Cyprus’ Books Again

- July 15, 2014

Troika envoys are back in Cyprus to review progress on reforms demanded in return for a 10 billion euro ($13.6 billion) bailout.

Big Blow For Cypriot Depositors

- July 4, 2014

Bank of Cypriot major shareholders, who lost 47.5 percent of their deposits last year, are set to take another whack in a stock sale.

Cyprus Says Banks Pass Stress Test

- June 26, 2014

Cyprus’ central bank chief said on June 26 that she expects the bailed-out country’s top banks to pass European tests gauging their health.

Cyprus Bounces Back With Bond

- June 19, 2014

Cyprus has returned to international markets after raising 750 million euros with its first public issue of bonds since last year’s bailout saved it from bankruptcy.