Cyprus’ 2014: Pay Cuts and Tax Hikes

- December 31, 2013

Still reeling from a bleak 2013 that brought harsh austerity measures in return for a 10 billion euro ($13 billion) international bailout to keep the […]

Lagarde Wants Cyprus Sell-Offs

- December 22, 2013

Fresh on the heels of passing its first budget since agreeing to a 10 billion euro ($13.7 billion) bailout to keep its economy and banks […]

Cyprus OK’s Post-Bailout Budget

- December 21, 2013

NICOSIA – Cyprus’ Parliament has approved the 2014 state budget, the country’s first after agreeing to a painful rescue deal earlier this year that saved […]

Big Losses at Bank of Cyprus

- December 19, 2013

NICOSIA – The reeling Bank of Cyprus, brought to the edge of ruin with other state banks that suffered losses in Greek bond holdings and […]

Cypriots Protest Bailout Austerity

- December 14, 2013

NICOSIA, Cyprus – Hundreds of students, seniors and trade union members braved unseasonably low temperatures in Cyprus’ capital Nicosia to protest the country’s financial rescue […]

Cyprus Denies Gold Sell-off Plan

- December 13, 2013

Despite a deep economic crisis and reliance on international loans to stay afloat, Cyprus has no plan to sell gold reserves to pay the 10 […]

Cyprus Tackles Rising Unemployment

- December 12, 2013

Trying to deal with an economic crisis that almost brought down the country’s banking industry, Cyprus now is turning toward programs aimed at combating rising […]

Property Prices Plummet in Cyprus

- December 11, 2013

Cyprus’s economic crisis is taking its toll on property values on the island as banks aren’t lending and people aren’t buying. The prices fell up […]

Cyprus Gets OK For Next Loans

- December 10, 2013

Eurozone finance chiefs meeting in Brussels have approved release of the next installment, this one for 100 million euros ($137 million,) toward the 10 billion […]

New Bids for Cyprus Gas Plans

- December 6, 2013

NICOSIA – Hoping that there will be enough natural gas reserves off the island to bring in critical revenues one day, Cyprus is now going […]