The Finance Ministry issued late Sunday the eighth decree on capital controls, easing further capital restrictions. Under the new decree, transfers per persons are increased to €3,000 per month within the Republic,
As investors Carl Icahn and William Ackman bickered loudly on TV earlier this year about their opposing bets on Herbalife, two other men were discussing the company in a different context: getting
President of the Republic of Cyprus Nicos Anastasiades will send letters to the Presidents of the European Commission and the European Council, in which he will stress the need for a change
Cyprus remains a major maritime center, Communications and Works Minister Tasos Mitsopoulos has assured, adding that Cyprus shipping continues business as usual. In a speech during the East Med Marine Exhibition on
The Cyprus Government has not requested additional financial assistance under the Memorandum with the Troika, Government Spokesman Christos Stylianides has said. In a written statement, Stylianides clarified that “what the President of
The Cypriot authorities will sign on Friday a cooperation agreement with Deloitte to carry out an audit of the implementation of rules and regulations against money laundering as these are incorporated in
European shares edged lower on Friday to end a four-day run higher, with some traders citing concerns that Cyprus may need more bailout money as a main factor weighing on markets. The
Cyprus has allowed bank transactions of up to 300,000 euros domestically and raised the threshold for company payments abroad, partly easing capital controls in place since March 28 to avert a bank
EU Finance Minister, meeting in Dublin today, are expected to reach a political agreement on a Memorandum of Understanding with Cyprus. However, the final decision is anticipated at the end of the
Heavily indebted euro zone nations such as Italy and Portugal could come under pressure to put their bullion reserves to work as a result of plans for Cyprus to sell gold to
