The parliament of Cyprus could table a motion to sack the island’s central bank chief, saying he is mostly to blame for the harsh terms imposed by the Eurogroup of euro zone finance ministers as part of a 10 bln euro bailout that has brought the banking sector to its knees. Greens deputy Yiorgos Perdikis

Cypriots queued calmly at banks as they reopened on Thursday under tight controls imposed on transactions to prevent a run on deposits after the government was forced to accept a stringent EU rescue package to avert bankruptcy. Banks were shut almost two weeks ago as the government negotiated a 10 billion euro ($13 billion) international

Cyprus remains an attractive center for investment and development, Minister of Foreign Affairs Ioannis Kasoulides has stressed. The Minister, who held Thursday separate meetings at the Ministry of Foreign Affairs, with Ambassador of Russian Federation, Vyacheslav D. Shumskiy, and Ambassador of the People’s Republic of China, Mr Liu Xinsheng. Informed them about the result of

The Cyprus Police is on alert, in the light of the re-opening of the banks, which have been closed for almost two weeks now, since Eurogroup’s initial decision on the 16th of March. In statements to the Cyprus News Agency, Police Spokesman Andreas Angelides said that the police are fully prepared to deal with any

-Cyprus unlikely to be the euro zone's last bailout – economists  – Spain, Slovenia seen as next most likely  – Analysts split on Cyprus deal's implications for euro zone  – Capital controls are appropriate, but may last months Cyprus probably won't be the last euro zone country to ask for an international bailout, according to

Cypriot banks reopen with tight controls imposed on transactions to prevent a run on deposits after the government was forced to accept a stringent EU rescue package to prevent the country from going bankrupt. Following are the main measures in the capital controls decree issued by the Cypriot Finance Ministry, which says the regime will

One of the largest ever cyber attacks is slowing global internet services and the disruption could get worse, experts said on Wednesday, after an organisation blocking "spam" content became a target. Spamhaus, a London and Geneva-based non-profit group which helps weed out unsolicited "spam" messages for email providers, said it had been subjected to "distributed

The Minister of Finance and the Governor of the Central Bank of Cyprus have announced that banks will re-open for business today, 28th March. Taking into consideration the exceptional circumstances the financial sector faces, temporary measures will be applied to regulate the flow of capital in Cyprus. They apply to all banks and are necessary,

Commission Vice President Olli Rehn, through his spokesman, Simon O`Connor, arguing that the cases of Cyprus and Greece do not have common points, assures that there would not be a similar decision for Greece as there was for Cyprus. Replying to questions concerning remarks by Eurogroup President Jeroen Dijsselbloem that the decision on Cyprus could