Cyprus Minister of Finance Michalis Sarris said on Wednesday that Cyprus is focusing on alternative solutions to stabilize the economy following the rejection of a haircut on deposits overwhelmingly rejected by the
The current economic situation in Cyprus was among the issues Presidents of Russia and Cyprus, Vladimir Putin and Nicos Anastasiades, discussed during a telephone conversation they had on Tuesday. A press release
The European Central Bank said on Tuesday after Cypriot lawmakers overwhelmingly rejected a key element of a proposed bailout that it was in contact with its IMF and EU partners and remained
New Zealand depositors could face a Cyprus-style tax on their bank accounts, as the government is planning to impose a similar strategy on its banks warns the country's Green Party. New
* EU vultures ready to grab Russian deposits, as parliament rejects deposit tax for bailout * Members of parliament rejected a deeply unpopular tax on bank deposits on Tuesday, throwing into doubt
The chiefs of the local banks are urging the government to avoid a bank levy on foreign savers as this would be “catastrophic” and about 50% of deposits would be wiped out
Russia could ultimately benefit from Cyprus' introduction of a levy on bank deposits because it will make Russia's investment climate appear more stable, Deputy Prime Minister Igor Shuvalov said on Tuesday. "It
The European Central Bank will provide liquidity to banks in Cyprus when they reopen, ECB Governing Council member Ewald Nowotny was quoted as saying on Tuesday. "No decisions have been taken so
Cyprus's parliament overwhelmingly rejected a proposed levy on bank deposits as a condition for a European bailout on Tuesday, throwing euro zone efforts to rescue the latest casualty of the currency
Fitch Ratings announced Tuesday it has placed the ratings of Bank of Cyprus (BOC), Cyprus Popular Bank (CPB) and Hellenic Bank (HB) on Rating Watch Negative to reflect downside rating risks arising
