All news related to Cyprus

Cyprus appoints Chrystalla Geoghadji as new governor of Central Bank

11.03.2014 19:09

Cyprus appoints Chrystalla Geoghadji as new governor of Central Bank

YEREVAN, March 11. / ARKA /. Cyprus has appointed Chrystalla Geoghadji as the new governor of the country's central bank; Prime reported citing Cyprus media reports.

Geoghadji has been Cyprus's auditor general since 1998. She will take up take up her new post on 11 April.

The appointment follows yesterday's announcement by the government confirming the resignation of its central bank governor Panicos Demetriades.

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Cyprus takes steps to bring down joblessness: Washingtonpost

12.12.2013 12:27

Cyprus takes steps to bring down joblessness: Washingtonpost

Cyprus has earmarked 340 million euros ($467.5 million) to help combat joblessness, which is expected to peak next year at over 19 percent in the bailed-out country, The Washington Post reported referring to AP

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Bank of Cyprus large depositors to lose 47.5%, CypLive says

31.07.2013 11:35

Bank of Cyprus large depositors to lose 47.5%, CypLive says

Write-offs to the uninsured portion of deposits in the Bank of Cyprus will be 47.5% – the funds will be converted into shares of the bank, said on Monday the deputy spokesman of the Government of Cyprus Victor Papadopoulos at a briefing in Nicosia, CypLive reported

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S&P’s raises Cyprus` long-term foreign and local currency sovereign credit ratings to `CCC+`

04.07.2013 17:30

S&P’s raises  Cyprus` long-term foreign and local currency sovereign credit ratings to `CCC+`

Rating Agency Standard and Poor`s raised on Wednesday Cyprus` long-term foreign and local currency sovereign credit ratings to `CCC+` from `SD` (selective default) with a stable outlook, following the successful exchange of €1 billion government bond`s with longer maturities, RBC reported citing Reuters

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IMF board oks Cyprus loan, warns of risks: Reuters

16.05.2013 13:09

IMF board oks Cyprus loan, warns of risks: Reuters

The International Monetary Fund’s executive board approved a $1.3 billion (853.7 million pounds), three-year loan to Cyprus on Wednesda

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Cyprus receives 1st bailout payment: Examiner

14.05.2013 13:46

Cyprus receives 1st bailout payment: Examiner

Cyprus’s first aid payment has been officially approved by the European Stability Mechanism, the unit responsible for providing funding for euro-area bailouts

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Cyprus bank deposits decreased by almost 4 percent

26.04.2013 17:58

Cyprus bank deposits decreased by almost 4 percent

Cypriot banks lost 1.8 billion euros ($2.4 billion) in deposits in March, when the country agreed to tax bank deposits as part of a European Union-led bailout

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Cyprus Finance Ministry ready to lift restrictions on foreign banks

26.04.2013 14:37

Cyprus Finance Ministry ready to lift restrictions on foreign banks

Cyprus Finance Ministry issued a decree that allows you to bring in the country are foreign financial institutions from the application of measures restricting banking, ypLive. Com reports

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Cypriot finance minister sees gold sale within months: Reuters

17.04.2013 17:36

Cypriot finance minister sees gold sale within months: Reuters

Cyprus’s finance minister said on Wednesday he anticipated the island nation to sell part of its gold reserves “during the next months”, but the final decision rested with the central bank, Reuters reported today

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S&P raises Cyprus outlook from negative to stable

11.04.2013 14:20

S&P raises Cyprus outlook from negative to stable

Ratings agency Standard & Poor’s has raised the long-term and short-term sovereign credit rating of Cyprus, previously affirmed at ‘CCC’ and ‘C’ respectively

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