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Bank of Cyprus gets revised offer to offload Ukraine unit

Last Updated: Monday, April 07, 2014, 19:23

Bank of Cyprus said Monday it is looking "positively" at a revised offer to sell its loss-making PJSC Ukrainian unit to Russia`s Alfa Group as part of a restructuring drive.

Cyprus scrambling back from the brink of bankruptcy

Last Updated: Friday, March 14, 2014, 09:07

A year after a financial earthquake shattered years of prosperity in Cyprus, an austerity plan has put the eastern Mediterranean island back on track despite the bitter pill of rising unemployment.

Cyprus to put amended sell-off bill to MPs as deadline looms

Last Updated: Friday, February 28, 2014, 21:11

MPs failed to adopt a first version of the controversial bill in a tied vote on Thursday evening which threw the bailout deal with international creditors into disarray.

Russian tycoon`s ex-wife quizzed in Cyprus over `stolen` diamond

Last Updated: Tuesday, February 25, 2014, 18:21

The ex-wife of Russian billionaire Dmitry Rybolovlev was arrested in Cyprus on suspicion of stealing a diamond ring worth as much as 50 million euros, police said Tuesday.

Cyprus President has `guarded optimism` on peace deal

Last Updated: Thursday, February 13, 2014, 13:33

Cyprus President Nicos Anastasiades said he has "guarded optimism" that a UN-brokered peace process could end four decades of division on the ethnically split east Mediterranean island.

UN eyes Cyprus peace talks relaunch next week

Last Updated: Saturday, February 08, 2014, 17:10

The UN hopes to relaunch talks next week on ending the four-decade division of Cyprus after the island`s Greek and Turkish communities agreed on a roadmap, a spokesman said on Friday.

Cyprus banks saddled with massive non-performing loans

Last Updated: Wednesday, February 05, 2014, 16:09

The central bank says banks` liquidity is sufficient to absorb NPLs up to a certain point, but fast action is needed as the figure is rising.

Cyprus radio airs ex-president`s New Year message

Last Updated: Friday, January 03, 2014, 09:12

Cypriot state radio publicly apologised for inadvertently broadcasting the opening remarks of a New Year`s message from the country`s former president instead of current President Nicos Anastasiades.

Cyprus tax row: India set to start I-T office in island nation

Last Updated: Sunday, December 22, 2013, 16:05

India and Cyprus had entered into a Double Taxation Avoidance Agreement (DTAA) in 1994.

IMF releases 83.5 mn euro loan payment for Cyprus

Last Updated: Saturday, December 21, 2013, 02:00

The International Monetary Fund on Friday released the next installment of its bailout of Cyprus, 83.5 million euros (USD 114 million), a desperately needed support for the struggling eurozone economy.

Experts gather in Cyprus to remove Syria`s chemical weapons

Last Updated: Sunday, December 15, 2013, 05:41

A joint Danish and Norwegian task force of chemical specialists is being set up in Cyprus in preparation for the removal of chemical weapons from Syria.

Late Stone Age settlement uncovered in Cyprus

Last Updated: Tuesday, December 10, 2013, 19:40

Archaeologists have unearthed stone tools and decorative jewellery - dating back to the Late Stone Age - in Cyprus, a discovery which suggests that humans occupied the tiny Mediterranean island about 1,000 years earlier than previously believed.