Deposits from abroad rise slightly
Bank deposits from third-country nationals rose slightly in October, the Central Bank (CBC) said, as the total across the banking system fell 22.7 per cent...
capital controls
Cyprus to fully lift capital controls within months (updated)
By Martin Santa and John O’Donnell Cyprus is likely to completely lift state controls on capital movement within months, finance minister Harris Georgiades told Reuters...
Georgiades: we’ll prove them wrong
By George Psyllides FINANCE Minister Harris Georgiades said the government was working on proving the ratings agencies wrong, a day after Fitch said it expected...
‘Most foreign companies have stayed’
By George Psyllides INTERNATIONAL businesses are still using Cyprus as their base despite the tough terms of a €10 billion bailout agreement that featured a...
Cyprus makes further relaxation of financial controls
Cyprus has scrapped more financial restrictions imposed after its international bailout in March, taking a further step towards undoing currency controls designed to prevent a...
Cyprus to lift most currency controls by spring 2014
By Michele Kambas Cyprus expects to lift almost all currency controls early next year, although restrictions will remain on individuals shifting funds out of the...
Private-sector deposits in Cypriot banks slide in August -ECB
Consumers and companies continued to withdraw deposits from banks in Cyprus in August, where big account holders in the two largest lenders were forced to...
Capital controls to be lifted except cross-border transfers (UPDATED)
By George Psyllides FINANCE Minister Harris Georgiades said yesterday that all capital controls would be lifted in the first months of 2014 except in the...
Troika: a return to growth in 2015, but risks remain for Cyprus
Cyprus has made progress with overhauling its banking sector and pushing through structural reforms to the economy but significant risks remain for the island, a report by...
Capital controls to be lifted by January: Anastasiades
The government plans to lift capital controls by January, President Nicos Anastasiades said, and Cyprus will be the best at implementing a bailout agreement with...
Bounced cheque list back in action
THE moratorium on listing those who have issued bounced cheques came to an end yesterday when the Central Bank (CBC) said the registry was reopening....
The road back from zero trust
By George Psyllides BANK OF Cyprus (BoC) may have officially come out of administration and look ‘healthy enough’ in black and white after seizing 47.5...
Ministry publishes capital controls roadmap
The finance ministry on Thursday published a roadmap agreed with international lenders for the gradual removal of capital controls, imposed in March to prevent a...
New decree on opening bank accounts
THE FINANCE ministry announced yesterday that it was easing restrictions regarding the opening of new bank accounts. The new provisions are included in the 19th...
Further relaxing of capital controls
THE GOVERNMENT yesterday issued its 16th decree, relaxing a bit further capital controls in place since the end of March to prevent a run on...
‘Cap controls are opposite of a solution’
By Stefanos Evripidou FINANCE MINISTER Harris Georgiades yesterday accused the European institutions of trying to shift responsibility from one to the other regarding the imposition...
