Cyprus

Cyprus will remain in recession in 2012, its finance minister said on Monday, with economic output retreating by up to 1.5 percent in the euro zone member state which recently sought a bailout. Vassos Shiarly, Cyprus΄s finance minister, also said...

The Bank of Cyprus, the country΄s largest lender that is reeling from deep losses caused by its holdings in Greek bonds that were deeply devauled, has appointed Andreas Artemis as Chairman to succeed businessman Theodoros Aristodemou who resigned earlier...

The leader of Cyprus΄ Orthodox Christian Church said that senior clergy and staff earning over €2,000 ($2,460) a month are in for salary cuts as the island nation΄s ongoing financial crisis has seen church revenue dwindle. Archbishop Chrysostomos II said...

Cyprus's recession-hit eurozone economy contracted by 2.4 percent in the second quarter of 2012 compared to the same period last year, an official flash estimate showed on Tuesday. The dip marks the fifth successive quarter since Q1 2011 in which...

International lenders assessing Cyprus's bailout needs found the economy in a "worse state than expected" and in need of painful adjustment in coming months, according to reports. Officials from the International Monetary Fund, the European Commission and the European Central...

Cypriot sailor Pavlos Kontides is set to become the country's first Olympic medal winner next week after guaranteeing himself at least silver in the single-handed Laser class. The 22-year-old shipping science student was ecstatic as he came ashore after the...

International lenders negotiating a bailout for cash-strapped Cyprus are likely to seek cutbacks in its public payroll and some increases in taxation, the Cypriot finance minister said on Tuesday. Officials from the International Monetary Fund, European Commission and European Central...

The United Nations Security Council today extended the United Nations Peacekeeping Force in Cyprus (UNFICYP) until 31 January 2013, and reiterated its call for the leadership of the Greek Cypriot and the Turkish Cypriot communities to accelerate the pace...

The Cypriot government’s decision to approve the friendly settlement between Greek Cypriot refugee Mike Tymvios and Turkey for the exchange of property north and south was met with widespread disapproval among political parties in Cyprus yesterday. All parties bar ruling...

For those living or vacationing this month in Cyprus, now is a good time to experience an abundance of Ancient Greek drama performances. The 16th Annual International Festival of Ancient Greek Drama began in Limassol last week and runs until...