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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.

Lenders begin second review of bailed-out Cyprus economy

Last Updated: Tuesday, October 29, 2013, 15:40

The "troika" of international lenders began their second review of the shell-shocked Cyprus economy on Tuesday to decide whether Nicosia is meeting its obligations under the bailout memorandum.

EU, IMF not to give extra cash to Cyprus

Last Updated: Saturday, April 13, 2013, 12:17

The European Union and International Monetary Fund will not give Cyprus extra cash to help plug gaping holes in its finances over the next three years.

Eurozone approves Cyprus bailout terms

Last Updated: Friday, April 12, 2013, 20:52

Eurozone finance ministers formally approved Friday the terms of a Cyprus debt bailout, after some confusion over whether it needed revision, saying it could now go ahead once cleared by national parliaments.

Eurozone finance ministers to discuss Cyprus bailout issue

Last Updated: Friday, April 12, 2013, 10:50

Ministers are also set to debate the chaotic bailout of Cyprus.

Big depositors at Bank of Cyprus could lose up to 60%

Last Updated: Sunday, March 31, 2013, 17:59

The central bank says 37.5 percent of holdings over 100,000 euros will become shares.

Cyprus banks re-open; cash withdrawals capped at $383

Last Updated: Thursday, March 28, 2013, 09:01

Among the capital controls, cash withdrawals will be limited to 300 euros (USD 383) per person each day.

Cyprus bailout: Banks to stay shut until Thursday

Last Updated: Tuesday, March 26, 2013, 09:59

Earlier on Monday, the island country and its euro zone partners reached a deal on a 10-billion euro (USD 13 billion) bailout package for the island nation to avoid bankruptcy and to keep it within the single currency group.

Cyprus, euro zone partners reach 10-billion euro bailout deal

Last Updated: Monday, March 25, 2013, 09:42

Restructuring the Cypriot banks has been one of the main demands of the EU, which regards the island's banking sector as "too big" compared to its economic output.

Only hard choices left for Cyprus now, says European Union

Last Updated: Sunday, March 24, 2013, 15:21

The European Union has warned debt-stricken Cyprus on the eve of crucial negotiations on its future that it will have to make "hard choices" and asked the country to reach an agreement with its euro zone partners on a rescue package to avert a bankruptcy.

Eurozone crisis has hurt global investment; India is no exception: FM

Last Updated: Saturday, March 23, 2013, 11:56

Referring to global economy, the Minister said the eurozone crisis has impacted investment around the world and India was no exception.

Cyprus Parliament passes bailout bills

Last Updated: Saturday, March 23, 2013, 10:37

The Parliament agreed to creates a so-called investment fund, aimed at helping raise 5.8 billion euros demanded by the Eurogroup as a condition for a 10 billion euro bailout.