The first priority for the Bank of Cyprus (BoC) is the strengthening of its administrative organization and hierarchical structure, interim CEO Christos Sorotos said here today. Sorotos officially assumed Wednesday his new
The Cyprus government extended on Wednesday by three months the mandate of the Investigation Committee set up to look into the near collapse of the banking sector and the economy of the
Cyprus and Spain signed on Wednesday an agreement with a view to facilitate the Spanish government`s actions aiming at the management of crises in the Middle East, enhancing in this way the
The Cabinet appointed on Wednesday the Chairman and members of the new Cyprus Airways Board, with immediate effect. According to an official press release, businessman Antonis (Tony) Antoniou has been appointed Chairman.
EU Commissioner for Economic and Monetary Affairs Olli Rehn has said that the oversized banking sector of Cyprus that thrived on attracting foreign deposits with very favourable conditions is at the heart
Cyprus transition to a more diversified growth model will be challenging for the economy in the coming years, the European Commission has said. In a conclusion of staff working document titled "Assessment
Cyprus business and household bank deposits fell 7.3% to 41.32 bln euros in April, following a fall of 4% in March from the previous month, while deposits in Greece dropped at a
* How and why Russian 'big business' is using Cyprus as an Offshore Zone * By Makis Georgiou The Cypriot financial crisis has revealed profound problems not only in our country in
Chinese scientists have developed the first vaccine to protect children against a virus called enterovirus 71, or EV71, that causes the common and sometimes deadly hand, foot and mouth disease. The new
The sale of Greek branches of Cypriot banks to Piraeus Bank was set out by Nicosia’s international lenders as a precondition for the approval of Cyprus’ aid package, Central Bank of Cyprus
