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Russian sanctions would destroy Cyprus economy: FM

Nicosia - Economic sanctions by Europe against Russia "would destroy Cyprus's economy," Nicosia's foreign minister Ioannis Kasoulides said in a German newspaper interview published Wednesday."There are very strong economic ties between Cyprus and Russia.
In the Media by AFP

Eurozone's only female central banker takes office in Cyprus

Nicosia - Cypriot Chrystalla Georghadji became the eurozone's only woman central bank chief Thursday, facing the daunting task of guiding her country's banks out of a crisis that nearly sank the economy last year.
In the Media by AFP

EU court rules that data collection rules violate privacy rights

On Tuesday, a data communications collection requirement was struck down in the European Union and declared invalid, on the grounds that it infringed on basic privacy rights.
In the Media by Jeannie Stokowski-Bisanti

Bitcoin boss flees Cyprus 'after threat'

Nicosia - The boss of a Bitcoin company in Cyprus has fled abroad days after it suddenly stopped operations, in a blow to the virtual currency's once vaunted prospects on the island.
In the Media by AFP

Cyprus scraps post-bailout limits on cash withdrawals

Nicosia - Cyprus on Friday abolished restrictions on cash withdrawals imposed a year ago to avoid a run on the banks during bailout negotiations in 2013.
In the Media by AFP

Cyprus scraps post-bailout limits on cash withdrawals

Nicosia - Cyprus on Friday abolished restrictions on cash withdrawals imposed a year ago to avoid a run on the banks during bailout negotiations in 2013.
In the Media by AFP

Cyprus defence minister dies after brain haemorrhage

Nicosia - Cyprus's recently appointed Defence Minister Tasos Mitsopoulos died Saturday, aged 48, after suffering a brain haemorrhage a day earlier, a hospital official said.Mitsopoulos's health "deteriorated further today and, despite the efforts made by doctors...
In the Media by AFP

Amnesty condemns 'shameful' Cyprus treatment of migrants

Nicosia - Amnesty International on Tuesday condemned what it termed the "shameful" treatment of migrants and asylum-seekers in Cyprus, saying they were being detained in prison-like conditions for extended periods awaiting deportation.Refugees from the conflict ...
In the Media by AFP

Cyprus reshuffles cabinet after walkout over peace talks

Nicosia - Cyprus President Nicos Anastasiades on Wednesday announced a mini-reshuffle of his cabinet after a walkout by his coalition partner over resumed reunification talks with the Turkish Cypriots.He brought three new faces into cabinet but retained the serv...
In the Media by AFP

Revised data shows Cyprus economy shrinking less than thought

Nicosia - Cyprus's recession-hit economy contracted by 0.8 percent in the fourth quarter of 2013, a slight improvement on the 0.9 percent drop in the previous three months, revised official data showed Tuesday.A flash estimate issued last month had the economy d...
In the Media by AFP

Cyprus appoints new central banker

Nicosia - Cyprus on Tuesday appointed a tough campaigner against government waste and corruption as new central bank governor after current chief Panicos Demetriades unexpectedly quit.Auditor general Chrystalla Georghadji has been appointed as new head of the B...
In the Media by AFP

Cyprus unable to mourn its missing 40 years after war

Nicosia - In the 40 years since Marios Kouloumas saw his father led away by Turkish soldiers he has been unable to mourn him, even though he knows he's dead.His father is one of hundreds of Greek and Turkish Cypriots who disappeared during a decade of unrest and...
In the Media by Caroline Nelly Perrot (AFP)

Cyprus parliament passes controversial privatisation bill

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...
In the Media by Charlie Charalambous (AFP)

Cyprus to vote on new sell-off bill as deadline looms

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...
In the Media by Charlie Charalambous (AFP)

Cyprus MPs fail to pass privatisation bill in threat to bailout

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.
In the Media by AFP

Peace talks to reunite Cyprus resume after two-year break

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...
In the Media by Charlie Charalambous (AFP)

Energy is 'game changer' in new Cyprus peace drive

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...
In the Media by Charlie Charalambous (AFP)

Parties agree road map for Cyprus talks

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.
In the Media by AFP

Cyprus banks saddled with massive non-performing loans

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.
In the Media by Caroline Nelly Perrot (AFP)

Bank of Cyprus unfreezes 950 mn euros in CDs

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.
In the Media by AFP
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