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Cyprus

Christofias Blames Banks for Bailout

President Demetris Christofias on Tuesday blamed "criminal" action by Greek-exposed banks for Cyprus having to accept painful bailout terms for EU aid. In a move to calm growing unrest over job losses and pay cuts, Christofias addressed the nation on...

Cypriot Police Report Increase in Prostitution Rings from Bulgaria

Over the last two years, there has been an increase in prostitution rings from Greece, Bulgaria and Romania, head of the police anti-trafficking unit, Rita Superman said yesterday, Cyprus Mail reported. Also more Cypriot women are also being driven into...

Cyprus Close to a Bailout Deal With EU/IMF

Cyprus is close to agreeing a bailout package with the European Union and IMF, President Demetris Christofias said on Thursday after the latest round of talks with the international lenders. Two EU sources said the agreement was nearly done but...

Finance Minister: Cyprus Needs 17 bn Euro Bailout

Cyprus needs 17 billion euros in aid from international lenders to bail out its struggling economy, hit by recession and fallout from the Greek debt fiasco, the finance minister said on Thursday. "The amount comes at around 17 billion euros...

Fitch Downgrades Cyprus Debt to 'BB-'

Credit ratings agency Fitch has downgraded Cyprus deeper into junk territory by two notches to BB- and warned of further slides because of a weakening economy and ongoing uncertainty over how much aid the country's ailing banks will need...

Cancer Fighter Helen Sotiriou Passes Away

A pioneer in the anti-cancer battle in Cyprus, oncologist Helen Sotririou, has passed away at 92 years old. Born in 1920 in England, she was also a specialist in radiotherapy. She worked in many hospitals and was an active...

Cyprus, Lenders Resume Talks on Friday

International lenders resume bailout talks with Cyprus on Friday, authorities said, in an attempt to secure badly needed financial aid by the end of the year for an island exposed to Greece΄s debt meltdown. A team representing the lenders, known...

Greek, Cypriot Flags Replaced with Turkey's at Church

The Greek and Cypriot flags atop St. Antoni's Church in the Cypriot village of Kellia were taken down and replaced with a Turkish flag, and words written in Turkish were found on the chapel's stairs, along with messages written...

British Soldier Stabbed to Death in Cyprus Bar

Cyprus police say a 19-year-old British soldier stationed in Cyprus was stabbed to death during a fight with British tourists inside a nightclub in the island's vacation hotspot of Ayia Napa. Police spokesman Georgios Economou said four off-duty soldiers fought...

Cyprus Airways Launches Domestic Greek Routes

Cyprus Airways was yesterday celebrating its expansion into Greece, which began on October 28. Events to mark four separate launches were held over four days in Thessaloniki, Rhodes, Heraklion and Athens, where the new network will be operating. Further expansion...