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 […]

Cyprus Privatizations Start in 2015

- December 5, 2013

Its economy brought to the edge of ruin by disastrous investments by state banks that forced the government to seek an international bailout with onerous […]

Finance Chief Says Cyprus Danger Over

- December 4, 2013

With its banks still maintaining capital controls, unemployment worsening, and the government relying on international loans to keep the economy intact, Cypriot Finance Minister Harris […]

Cypriot Unemployment Keeps Rising

- December 2, 2013

As Cyprus struggles with a growing economic crisis and keeps capital controls in place to prevent a run on the banks, the government got more […]

S&P Raises Cyprus Rating

- November 30, 2013

NICOSIA – As Cyprus struggles with an ongoing economic crisis, an influx of money from international lenders as part of a 10 billion euro ($13.67 […]

Cyprus Says Economy Shows Some Hope

- November 28, 2013

Despite data showing the country’s state bank is seeing deposits flee even with capital controls in place, Cypriot President Nicos Anastasiades said the economy is […]

Bank of Cyprus Sees Deposits Flee

- November 27, 2013

NICOSIA, Cyprus (AP) – Bank of Cyprus said that deposits fell 40 percent to 17 billion euros ($23 billion) by the end of June from […]