Third country nationals, especially Russians, are withdrawing tens of millions in deposits from the Cyprus banking system continuing a trend that was sparked during the banking crisis. The end of 2018 saw third-country national deposits shrink EUR 1.4 bln mainly due to Russian and Ukrainian citizens withdrawing their cash from Cyprus banks. According to Cyprus
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Energy issues and co-operation in the field of security will be on the discussion agenda during a meeting in Nicosia on Tuesday between the Presidents of Cyprus and France. According to CNA sources, the official meeting between Cyprus President Nicos Anastasiades and his French counterpart Emmanuel Macron takes place in the framework of contacts of
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An agreement in principle was reached between the UN Security Council members on the six-month renewal of the UN Peacekeeping Force in Cyprus (UNFICYP). The resolution is expected to be adopted January 30. The members of the UNSC continued their consultations on Monday and if there is no objection by Tuesday, the draft resolution will
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. Plan B or not Plan B? That is the question. The answer from most members of Britain’s parliament is that Theresa May’s Brexit Plan B looks remarkably like her Plan A which they roundly rejected last month. The House of Commons will vote this week on the prime minister’s new proposals and also, most
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When it comes to being streetwise with their smartphone nearly half of Cypriots never refused or restricted access to the personal data on their device, EU data shows. Last year, 75% of people aged 16-74 in the EU used a smartphone for private purposes. Yet, 28% responded that when using or installing an app on
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Cyprus has among the lowest EU percentages for further education graduates in health, maths and ICT but scored high in education and women studying for a Master’s degree (60%), according to recent European data. It is estimated that approximately 4.7 million students graduated from tertiary education establishments in the European Union in 2016. More than
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. The upcoming fifth Southern EU countries (MED7) Summit, to be held on January 29 in Nicosia, is a sign that the Eastern Mediterranean region has popped up on the radar screen of the EU and its southern member states. The meeting, slated to be discussing major issues such as migration, Brexit, eurozone reform, Europe’s
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Hellenic Bank has almost completed the reorganisation of its branch network, four months after acquiring the Co-op's good assets portfolio along with its 72 branches. In a statement sent to the Financial Mirror, Hellenic said that as of December the bank has a network of 148 branches, with the bank is adding the final touches
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Parliament releasing €33 mln (0.2% of GDP) to fund this year’s cost of Estia, a government-sponsored subsidy scheme to address nonperforming exposures (NPEs) backed by primary residences, is credit positive for Cyprus banks, said Moody’s. The credit rating agency said the new scheme will help banks reduce their high burden of NPEs and facilitate the
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Cyprus President Nicos Anastasiades will hold talks with UN envoy Jane Holl Lute on February 3 in efforts to breathe new life into dormant reunification talks in limbo since July 2017. According to a statement by government spokesman Prodromos Prodromou, the President had a telephone conversation with Lute on Sunday. During their telephone conversation it
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