The Cyprus Chamber of Commerce and Industry and the Turkish Cypriot Chamber of Commerce launched on Thursday a new project to promote dialogue and […]
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’ 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 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.
Only 15 months after needing an international bailout and losing one of its banks, Cyprus is poised to return to the bond markets on June 18.
After asking international lenders for a 10 billion euro bailout to keep its economy from collapsing, Cyprus is getting ready for a bond market issue.
European Union sanctions against Russia for annexing Crimea in Ukraine have hurt Cyprus, but the island country could face irrecoverable damage if more are applied.
Cyprus on May 30 formally eliminated all domestic restrictions on money transfers, a watershed for the bailed-out country’s recovering banking system.
Bank deposits in bailed-out Cyprus last month rose for the first time in over a year, signaling a slow return of confidence in the country’s wobbly banking sector.
Cypriots who lost nearly half of their bank deposits over 100,000 euros as part of a government bailout deal with international lenders are suing to get their money back.