Net deposit outflows from the Cyprus banking system reached 271 million. The figures released yesterday by the Central Bank of Cyprus showed an outflow of €502 million registering the highest decline in deposits since last September. However, analyzing the available data in terms of net monthly transactions for deposits and loans for the month of

Hundreds of millions of citizens in over 135 countries around the world will join on Saturday evening in the framework of Earth Hour campaign, switching off lights for an hour, at 2030 local time. According to the website of Cyprus` Environment Commissioner Ioanna Panayiotou, "for one hour we will also switch off the lights symbolically

Economic sentiment indicator in Cyprus continued to improve in March, for the eleventh consecutive month, according to the European Commission. The Commission notes the fact that among the countries under economic adjustment programs, in Cyprus, the economic sentiment indicator is on a three – year record high, reaching 93.5 points compared to 92.9 in February.

Cyprus Finance Ministry has eased further restrictive measures imposed since the €10 bailout agreed with the EU/IMF one year ago. A press release issued by the Finance Ministry notes the relaxations of the restrictive measure were deemed feasible following "the achievement of the milestones set out in the roadmap and the overall stabilization and restoration

A resolution proposed by all opposition parties in the Cyprus parliament has called on the government to reject any measures or sanctions at international bodies that would jeopardise the country’s relations with Russia. The motion, co-signed by 34 deputies from the communist Akel party, the centre-right and former coalition partner Democratic Party (Diko), the socialist

The Bank of Cyprus announced its audited results for 2013, with losses adjusted upwards from the preliminary figures released a month earlier by €10 mln to €2.05 bln. Despite monumental efforts to integrate the now-defunct Laiki Popular Bank into its Group, the biggest headache for the island’s leading lender remains the recovery of non-performing loans,

Plans to split Bank of Cyprus into a ‘good bank’ with core operations and a ‘bad bank’ with all its liabilities, as suggested by advisors HSBC, are not a priority, with the main issue at present being the restructure of the island’s biggest lender, its chief executive said. CEO John Hourican, hardly six months in

Cyprus President Nicos Anastasiades has promoted the head of the police training academy as the new chief of the force, after incumbent Michalis Papageorghiou was sacked on Thursday. Zacharias Chrysostomou (photo – left)  takes over as new Chief of Police from Friday, March 28. Tension had been running high between the outgoing police chief and