Nicosia - Cyprus's parliament passed a controversial privatisation bill Tuesday hours before a deadline to receive the next tranche of a 10-billion-euro ($13.8 billion) international bailout.Following the vote, praised by the government but still a source of con...

Nicosia - Cyprus is to hold a new vote on a privatisation bill hours before a deadline for the release of the next tranche of a 10-billion-euro bailout, after parliament rejected an initial draft.MPs failed to adopt a first version of the controversial bill in a...

Nicosia - The Cypriot parliament failed Thursday to adopt a controversial bill to sell off state utilities mandated by a bailout from international lenders, potentially endangering the next tranche of a 10-billion-euro loan.

Nicosia - Greek Cypriot leader Nicos Anastasiades and his Turkish Cypriot counterpart Dervis Eroglu were meeting Tuesday to relaunch talks on ending the island's division after a nearly two-year break.The two leaders were expected to ratify a joint declaration a...

Nicosia - Greek- and Turkish-Cypriot leaders meet Tuesday to relaunch talks on ending the island's division after a nearly two-year break, with optimism that the energy card could provide a breakthrough.Nicos Anastasiades, the Greek-Cypriot leader, and his Turki...

Nicosia - The Greek and Turkish Cypriots have agreed on a road map prepared by the UN to resume talks on a reunification of the island, the Northern Turkish presidency said Friday.

Nicosia - 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 to finance a cash-starved economy.

Nicosia - Bank of Cyprus, the island's largest lender, released 950 million euros ($1.29 billion) in six-month certificates of deposit it had locked in following a haircut on savings during a March bailout of the economy.

Nicosia - Cyprus Central Bank chief Panicos Demetriades said on Monday the main challenge still facing the country's troubled banking sector after last year's bailout haircut is clawing back bad debt.

Nicosia - The University of Nicosia made waves this week when it announced that it would become the first accredited institution to accept Bitcoins from students.

The University of Nicosia, located in Cyprus, announced that it would allow students to pay tuition fees with Bitcoin, the first accredited university to do so.

The European Central Bank cuts interest rate from 0.50 percent to 0.25 percent. The historically low rate shows E.C.B.’s intentions to save the Euro but may have quickened the abolishment the Euro instead.

Akrotiri - An incident last Monday illustrated just how easily UK forces could become involved should President Obama elect to proceed with ‘limited and narrow’ strikes against the regime of Syria’s President Assad.

Strasbourg - The European Parliament adopted a resolution, Thursday July 4, giving the go-ahead for the Parliament’s Civil Liberties Committee to conduct an in-depth inquiry into the US surveillance programs.

Mihalis Eleftheriou, former activist in the Occupy Buffer Zone movement in Cyprus who was also involved in the Egyptian Revolution in Tahrir Square, sent a message of both solidarity and warning to activists in Turkey.

Nicosia - The Cyprus Parliament has narrowly voted in favour of accepting the terms of the international bailout deal. Critics claim Troika imposed austerity diktats will plunge the economy into deep recession and stagnate growth.

Nicosia - The Cypriot parliament is due to vote next week on whether to accept the terms of the bailout. "The choice before Cyprus is clear, either accept the bailout or face bankruptcy" said DISY leader Averof Neophytou.

Turkish Cypriots are claiming rights to the island's gold reserves which the Greek Cypriots are planning to sell as part of the EU bailout.

Nicosia - The island nation of Cyprus has confirmed that it will sell 400 million euros of gold reserves to finance its part of the bailout, according to an assessment released by the European Commission on Wednesday.

Nicosia - It appears that politicos, elites and favored companies may have had advance inside information pertaining to Cypriot bank deposit haircuts. The names of 132 companies and elites who transferred funds out prior to bank closures have been released.