FINANCE

Cyprus issues €50 million 1-month T-bills

Offers of €50 million were accepted, according to the statement, €43.84 million in competitive bids and €6.16 million in non-competitive ones.

BY OPulse Admin
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May 17 2015

Cyprus, Greece and Egypt sign Nicosia Decleration and pledge to increase their political and economic cooperation

Cyprus, Greece, and Egypt yesterday pledged to increase their political and economic cooperation to the benefit of their people and the wider region. In a tripartite summit that was received extensive [...]

FINANCE
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BY OPulse Admin
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May 03 2015

Cyprus preparing for €1bln bond issue

Cyprus is preparing its second bond issue in less than a year in an effort to rebuild its finances following a bailout of its banking system in 2013. The country has hired a group of banks to arrange [...]

FINANCE
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BY OPulse Admin
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Apr 29 2015

Eurozone warns Greece no cash till full reform deal

Eurozone finance ministers delivered a stark warning to Greece on Friday that its leftist government will get no more aid until it agrees a complete economic reform plan, as Athens lurches closer to b [...]

FINANCE
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BY OPulse Admin
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Apr 24 2015

House passes insolvency bill, paves way for ECB to buy €500m bonds (update)

By George Psyllides AFTER weeks of heated debates, parliament on Saturday approved the insolvency framework, paving the way for resumption of the island’s bailout adjustment programme. The framework [...]

FINANCE
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BY OPulse Admin
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Apr 19 2015

Anastasiades says speculation on his absence is just conspiracy theories

President Nicos Anastasiades yesterday criticized MPs over a proposal by EDEK to postpone the House Plenary vote on the insolvency framework, originally scheduled for 17 April. Speaking to reporters o [...]

FINANCE
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BY OPulse Admin
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Apr 10 2015

President Anastasiades announces all capital controls to be lifted on Monday

Cyprus will lift on Monday all the capital controls it imposed in 2013 amid a chaotic bailout, President Nicos Anastasiades said on Friday. "The lifting of the last restrictions marks the final restor [...]

FINANCE
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BY OPulse Admin
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Apr 04 2015

Greater Restructuring Required

Info: Dr. George Mountis is Managing Partner of Delfi Partners. The Central Bank of Cyprus (CBC) started releasing data on the non-performing loans (NPLs) of commercial and cooperative banks in June 2 [...]

FINANCE
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BY OPulse Admin
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Mar 30 2015

House of Representatives suspends implementation of foreclosures legislation

The Cyprus House of Representatives decided on Thursday, in a unanimous vote, to suspend until 2 April the implementation of a foreclosures law that is a key condition of the country’s EU/IMF bailou [...]

FINANCE
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BY OPulse Admin
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Mar 22 2015

Delfi Parters & Co: Lending Rate Reductions Offer “Much Welcomed Breathing Room”

The research hub of Delfi Parters & Co has published its latest in-depth report on the most recent developments within Cyprus’ recovering banking sector. Focusing on the recent announcements ma [...]