Cyprus News

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...

International aid to cash-starved Cyprus was thrown into turmoil on Thursday after its parliament rejected a privatization plan, throwing into disarray the disbursement of a new tranche of financial as...

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.

Tokyo - Rakuten, Japan's largest online shopping mall operator, said Friday it would buy Cyprus-based application maker Viber Media for $900 million, as its expands an overseas empire that includes Canadian e-reader company Kobo.The Japanese firm has been tryi...

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.