Cyprus mulls early repayment of Russian loan
Cyprus is considering an early repayment of part of a €2.5bn loan it obtained from Russia during the financial crisis, as its funding costs decline,...
bailout
Private sector indebtedness still a concern, IMF says
Despite the sizable and sustained improvement in the island’s economy, private sector indebtedness remained high, putting pressure on banks and limiting new lending, the International...
Deluge of bailout lawsuits moving at glacial speed
Five years on, of the thousands of private lawsuits filed in Cypriot courts against the March 25, 2013 bail-in, proceedings have yet to begin in...
Our View: Have we learnt nothing from the disaster of five years ago?
It is five years to the day when President Anastasiades agreed to the bail-in of the Bank of Cyprus’ depositors and shareholders as the Eurogroup...
Creditors repeat urge for reforms
Cyprus needs to take advantage of the current higher-than-expected economic growth to promote structural reforms that will help reduce risks to its financial system and...
Eurogroup praises Cyprus on post-programme results
Eighteen months exiting its bailout programme, Cyprus is exceeding expectations, particularly on growth, Eurogroup President Jeroen Dijsselbloem said on Monday following the Eurogroup meeting in...
Greece sees higher 2017 surplus, solid growth in 2018 (Update)
Greece expects to beat creditors’ projections and achieve a higher primary surplus this year and buoyant growth in 2018, authorities said, as lenders moved forward on...
Anastasiades ‘must answer questions raised’ by former CBC chief
President Nicos Anastasiades must answer the questions raised by former Central Bank governor Panicos Demetriades, instead of hiding behind slogans, main opposition leader Andros Kyprianou...
Greece must complete most pending bailout reforms by November
Greece must complete most of the pending reforms agreed with its official creditors by November in order to speed up the conclusion of a...
Georgiades defends reimbursement of provident funds
The government’s decision to reimburse 75 per cent of provident funds seized during the 2013 meltdown and cap reimbursements at €100,000 was known all along...
