Banks in Cyprus operated smoothly Friday for a second day, with tight controls, after being closed for 14 days. No incidents or major problems occurred, while the banks returned to their usual opening hours for the public, after being extended yesterday. The queues formed in the banks were smaller than yesterday. Most people were seen
More
Russian President Vladimir Putin staged a televised meeting on Friday with a loyal support group called the People's Front, suggesting he may promote it as an alternative power base to his scandal-plagued ruling party. At an event that mixed echoes of Soviet Communist Party congresses with the atmospherics of a U.S. talk show, Putin said
More
Cyprus may be a "special case" in the eyes of European officials, but their handling of its bailout is taking a toll on another small euro zone member with an over-burdened banking sector – Slovenia. Yields on its two-year bonds surged to nearly 7 percent on Thursday, overtaking those on longer-dated paper and inverting the
More
The president of Cyprus said on Friday the risk of bankruptcy had been contained and the country had no intention of leaving the euro, in a speech laden with criticism of Europe's currency union for "experimenting" with the island's fate. Conservative leader Nicos Anastasiades spoke a day after banks reopened following an almost two-week shutdown
More
It is our duty to disengage Cyprus from the Troika, House President Yiannakis Omirou said here today, referring to the terms of a bailout agreement for the country with the European Commission, the ECB and IMF. Addressing the annual conference of the trade union of civil servants, in Nicosia, Omirou said that there should be
More
Cyprus banks will accept the deposit of government checks, an announcement by the Treasury of the Republic says. It is added that government services and independent offices will accept checks by all financial institutions under certain conditions. These provide for checks up to 5,000 euros to be acceptable without any restrictions, while checks above this
More
Minister of Communication and Works has expressed satisfaction with the fact that the government has prevented any possibility of a haircut on European funds, which aim to implement projects co-financed by the EU and the government in Cyprus. Minister Tasos Mitsopoulos noted that following coordinated efforts of the government, a haircut on EU funds was
More
Ένα μήνα παράταση δίνουν οι διαχειριστές της εταιρείας Ορφανίδης σε όσους ενδιαφέρονται να υποβάλουν πρόταση για απόκτηση περιουσιακών στοιχείων. Σύμφωνα με τους διαχειριστές, η απόφαση πάρθηκε μετά τα γεγονότα των τελευταίων ημερών και τις αποφάσεις του Eurogroup. Η υποβολή προσφορών παρατείνεται από τις 15 Απριλίου στις 15 Μαΐου. Οι υπόλοιποι όροι δεν αλλάζουν.
More
– No panic on first day Cypriot banks reopened – Temporary capital controls may have to be extended-analysts – Capital controls incur risks When Argentina froze access to bank deposits in December 2001, the popular backlash was so severe its president and his successor had resigned within a month. Cyprus, where banks reopened on Thursday after
More
– LGBT market seen rising 10 pct to $181 bln in 2013 – Market less affected by global crisis – Vienna promotes music, culture and food Vienna has joined a growing list of European cities seeking to attract lesbian and gay tourists who are expected to remain willing to spend on travel while other recession-hit
More