Cyprus News

As the fog of the post Iran and Afghanistan wars dissipates, it is clear that the state of Hellenism as personified by Greece and Cyprus has declined in the face of the emerging hegemony of Turkey in the region.

Saying they would no longer put up with being told what to do and to keep imposing pay cuts, tax hikes, slashed pensions and seizing bank accounts so that foreign bankers putting up bailout loans could be paid back,...

The "pundits" in the Eurogroup that devised the "plan" to "save" Cyprus by confiscating people's money directly from their bank accounts, said and keep saying that the measure is not going to serve as a template for other European Union...

Laiki Bank, whose healthy part merges into the Bank of Cyprus transferring a debt of 9.2 billion euros, has a history of 112 years. Nobody could imagine that this would be the end of a bank that was lucrative...

The Eurogroup has reached an agreement with the Cypriot authorities on the key elements necessary for a future macroeconomic adjustment programme. The Eurogroup has reached an agreement with the Cypriot authorities on the key elements necessary for a future macroeconomic...

An explosion took place at a cash machine in Cyprus as last-minute talks begin aimed at saving the country's crippled economy. The home-made bomb exploded at a Polemidia branch ATM machine near the city of Limassol at around 12.30 a.m....

The European Central Bank (ECB) said on Tuesday it remains committed to providing liquidity within certain limits despite Cypriot lawmakers overwhelmingly rejecting a levy on savers - a key term of the €10 billion proposed bailout. "The ECB takes note of the...

Michalis Sarris, the Cypriot Finance Minister, has resigned on Tuesday. Only three weeks into the job and taking the blame for failing to stand up to Eurozone demands to force the confiscation of up to 9.9 percent of Cypriot bank...

The Russian news agency ITAR-TASS says that there is not a restructuring offer for Cyprus on the table, however an offer has been "initiated." Russia's Gazprom has not offered the Republic of Cyprus financial assistance in restructuring the country's banks...

The Eurogroup agreed that Cyprus depositors with less than 100,000 euros ($129,600) should be protected and not be taxed. The Eurogroup has decided to give Cyprus more flexibility over a bank levy which is part of its bailout conditions, said...