Vassos Shiarly

Cyprus, awaiting big international bailouts as for its banks to be saved after suffering huge losses when the Greek government imposed big hits on holders of Greek bonds, is not a hub for money laundering, Finance Minister Vassos Shiarly...

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...

Cyprus' Finance Minister Vassos Shiarly is ready to step down if President Demetris Christofias does not sign a memorandum of agreement with international lenders to release a bailout needed to keep the economy from tanking, the newspaper Simerini reported. He...

Eurozone member Cyprus said Wednesday the troika of international lenders was expected on the island next week to discuss the terms of a bailout to save Greece-exposed banks and the economy. Finance Minister Vassos Shiarly said intensive discussions could begin...

Economically-strapped Cyprus, looking for bailouts, will reportedly get a 5 billion euros ($6.28 billion) loan from Russia, with which Greek Cypriot President Demetrias Christofias, a Communist educated in Moscow, has good ties, but the government has refused to confirm...

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...

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...

Cyprus still has options open to find urgently needed funds to recapitalise its banks, either through the EU rescue fund or through a bilateral loan, its finance minister said on Tuesday, Reuters reported. "We are optimistic we will get the...

Cyprus' Finance Minister warned Wednesday that the eurozone country could seek a European Union bailout to help recapitalize its banking sector before crucial elections in Greece this Sunday. Vassos Shiarly said that the Greek elections - seen as a vote...

Cyprus looked poised to be the next eurozone economy to be bailed out, as its finance minister warned just days remain to meet a key deadline to shore up its banks. The island and its financial sector are heavily exposed...