Cyprus


BoC revises offer to offload Ukraine unit

2014-04-07 13:00

Bank of Cyprus says it is looking positively at a revised offer to sell its loss-making PJSC Ukrainian unit to Russia's Alfa Group as part of a restructuring drive.

Rogue Libya oil ship returned

2014-03-18 07:38

US Navy Seals have captured an oil tanker that had loaded crude at a rebel-held port in eastern Libya and escaped to sea, the Pentagon says.

Cyprus central bank governor resigns

2014-03-10 17:45

Cypriot Central Bank governor Panicos Demetriades his tendered his resignation, which was accepted by President Nicos Anastasiades.

Bank of Cyprus 2013 loss narrows

2014-02-28 19:45

Bank of Cyprus, the island's largest lender, announced a 2013 net loss of 2.04bn, an improvement on the previous year's €2.21bn loss.

Cyprus electricity workers protest sell off

2014-02-24 12:41

Workers at Cyprus's state electricity utility clashed with police as they tried to enter parliament to protest plans to sell off government assets.

Banks still reeling from Cyprus crisis

2014-02-04 14:01

Banks in Cyprus are struggling with non-performing loans that make up nearly half their lending and are hampering efforts to finance a cash-starved economy.

Cyprus banks face bad debts challenge

2014-01-27 18:30

Clawing back bad debt is still hurdle for the Cyprus's troubled banking sector after last year's bailout haircut, says Central Bank chief Panicos Demetriades.

 

Cyprus scraps cash withdrawal limits

2014-03-30 12:12

Cyprus has abolished restrictions on cash withdrawals imposed a year ago to avoid a run on the banks during bailout negotiations.

Cyprus appoints first woman central banker

2014-03-11 16:40

Cyprus has appointed its first ever woman to head the central bank, replacing an academic who quit over a chaotic international bailout last year.

Cyprus to name new cabinet mid-March

2014-02-28 22:21

Cyprus President Nicos Anastasiades will unveil a new cabinet line-up in mid-March after a walkout by his coalition partner over resumed reunification talks with the Turkish Cypriots.

Protest in Cyprus over privatisations

2014-02-27 19:30

Several hundred protesters gathered outside Cyprus's parliament jeering and shouting "hands off" before lawmakers were due to debate a privatisation bill.

Cyprus further eases capital controls

2014-02-21 19:30

Cyprus has taken another step toward ending the eurozone's only capital controls, imposed last March to avoid a run on the banks during bailout negotiations.

Bank of Cyprus offloads Ukraine subsidiary

2014-01-31 18:00

Bank of Cyprus, the island's largest lender, has announced the sale of its loss-making PJSC Ukrainian subsidiary to Russia's Alfa Group.

Cyprus tourist arrivals dip

2014-01-20 14:56

Tourist arrivals in Cyprus fell last year when an EU bailout rescued its banking system from collapse, according to official figures.

 
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