FINANCE

Anastasiades to Coordinate Further Foreclosure Discourse

President of the Republic Nicos Anastasiades is expected to further assess the controversial foreclosures bill whose implementation has been suspended until January 31, in a meeting later today with M [...]

BY OPulse Admin
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Jan 05 2015

Banking system’s NPL ratio rises to 49% in October, Central Bank of Cyprus says

A month earlier, the NPL ratio was 48.5 per cent while in October last year it was 38.5 per cent the central bank said in a statement on its website. The respective amounts in all banks and cooperativ [...]

FINANCE
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BY OPulse Admin
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Dec 28 2014

Several ‘fat cats’ applied for GMI

By Elias Hazou PEOPLE with fat bank accounts, as well as owners of immovable property worth hundreds of thousands, were among those applying for guaranteed minimum income (GMI), labour minister Zeta E [...]

FINANCE
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BY OPulse Admin
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Dec 24 2014

Final decision on criminal charges for BoC staff expected Wednesday

By Elias Hazou The Attorney-general’s office will on Wednesday reach a final decision on filing criminal prosecutions against a number of ex-officials at the Bank of Cyprus, the Cyprus Mail has lear [...]

FINANCE
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BY OPulse Admin
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Dec 17 2014

Cyprus’ Recovery Can Be Facilitated Through Investing in BoC, Says CEO

Today, December 16, will see the relisting of Bank of Cyprus (BoC) shares on both the Cyprus Stock Exchange (CSE) and the Athens Stock Exchange (ATHEX). The bank will relist on both bourses after a 21 [...]

FINANCE
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BY OPulse Admin
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Dec 16 2014

Ministers approve insolvency bills (By Nigel Howarth)

The Council of Ministers has approved two of the five bills relating to the insolvency framework, but they will almost certainly be contested by opposition parties when they are discussed. ACCORDING t [...]

FINANCE
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BY OPulse Admin
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Dec 13 2014

Bank of Cyprus ashamed over past practices

THE Bank of Cyprus new management said it feels ashamed over the bank’s past lending practices that brought Cyprus’ largest lender at the brink of collapse. As part of the €10 billion bailout fi [...]

FINANCE
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BY OPulse Admin
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Dec 08 2014

Crucial Thursday meeting on Cyprus economy’s destruction

Organised at the request of Attorney General Costas Clerides, a meeting at Nicosia’s Conference Centre on Thursday will examine the progress of ongoing inquiries into the cause of the destruction of [...]

FINANCE
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BY OPulse Admin
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Dec 05 2014

Cyprus signs tax agreement with US

Cyprus and the US on Tuesday signed in Nicosia a Foreign Account Tax Compliance Act agreement aiming to ensure full reporting of foreign financial assets held by American taxpayers. This will greatly [...]

FINANCE
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BY OPulse Admin
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Dec 03 2014

Long term residency application changes

The Civil Registry and Migration Department on Friday announced new procedures for third party nationals’ acquisition, renewal or reacquisition of a long term resident permit. According to an offici [...]