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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.

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 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.