All news related to Cyprus

S&P raises Cyprus outlook from negative to stable

11.04.2013 14:20

S&P raises Cyprus outlook from negative to stable

YEREVAN, April 11. /ARKA/.  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, from negative to stable, on expectations the government will agree to the terms of financial support from international lenders, stated the agency, as reported by Eurasiareview.

Cyprus will be receiving the first tranche of aid before 4 June.

Agency analysts still expect that Cyprus will remain a member of the eurozone.

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Annual mortgage interest rates rose by 0.2pp to 12.2% in Armenia

11.04.2013 12:39

Annual mortgage interest rates rose by 0.2pp to 12.2% in Armenia

Average annual interest rates on mortgage rose by 0.2 percentage points up to 12.2% in Armenia in February as compared to the month before, says the website of the central bank

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VTB Bank (Armenia): things in Cyprus may drive interest rates on deposits and loans down in CIS countries

10.04.2013 20:01

VTB Bank (Armenia): things in Cyprus may drive interest rates on deposits and loans down in CIS countries

The current situation in Cyprus’ banking system may drive interest rates on deposits and loans down in the Commonwealth of Independent States, Yuri Gusev, CEO of VTB Bank (Armenia) and chairman of its directorial board

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Cypriot banks operate Friday in normal mode

29.03.2013 13:48

Cypriot banks operate Friday in normal mode

Banks of Cyprus opened Friday and operate in a normal mood, no agiotage is noted among the customers

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Moody's lowers Cyprus's country ceilings to Caa2

28.03.2013 12:06

Moody's lowers Cyprus's country ceilings to Caa2

Moody’s Investors Service announced yesterday that it has lowered Cyprus’s country ceilings to Caa2, RBC reported

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Head of Bank of Cyprus resigns

26.03.2013 17:28

Head of Bank of Cyprus resigns

The chairman of the Bank of Cyprus, Andreas Artemis, has filed his resignation, local news agencies reported. Earlier today Cyprus’ Central Bank has confirmed that all Cypriot banks will remain closed until Thursday, RBC reported citing BBC

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Fitch downgrades Cyprus' two largest banks: Foxbusiness

26.03.2013 17:20

Fitch downgrades Cyprus' two largest banks: Foxbusiness

Ratings firm Fitch Ratings has downgraded the two largest Cypriot banks following the agreement Cypriot authorities reached with European Union authorities on Monday morning, Foxbusiness reported Tuesday

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Cyprus: Big depositors face cut of 40%, minister tells BBC

26.03.2013 15:26

Cyprus: Big depositors face cut of 40%, minister tells BBC

Cyprus’s finance minister has confirmed that Cypriot depositors with less than 100,000 euros in their accounts “will not be hit”

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Cyprus' banks to remain closed until Thursday, the associated press reported

26.03.2013 12:23

Cyprus' banks to remain closed until Thursday, the associated press reported

Cyprus ordered banks to remain closed for two more days over fears of a run by customers trying to get their money out, after striking a pre-dawn bailout deal Monday that averted the country’s imminent bankruptcy

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EU, ECB and IMF might have rejected Cyprus plan to create solidarity fund

22.03.2013 18:05

EU, ECB and IMF might have rejected Cyprus plan to create solidarity fund

German Chancellor Angela Merkel told German lawmakers today morning that Cyprus’s proposition to nationalize pension funds in order to prop up its finances was unacceptable, RBC reported. She insisted that Cyprus should rather concentrate on debt sustainability and bank restructuring in order to secure a bailout

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