Draft bill on blockchain to be ready by end of 2019
A draft bill to regulate blockchain technology in Cyprus is expected to be ready before the end of the year, as part of the National
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Cyprus aims to maintain high surpluses and put debt on downward path
Cyprus aims at maintaining high primary surpluses and use windfall gains to reduce its high public debt or boost its cash buffers, thereby placing its
Cyprus to tap markets with 30-year bond
Cyprus will be tapping the markets, possibly on Wednesday, with 30-year and five-year bonds. The bonds could be used for the early repayment of a
Cyprus prepares to tap international markets after early repayments
Cyprus prepares to tap the markets with a new euro-denominated bond issue, the finance ministry has said. In a statement the ministry said “the Republic
Disy, Diko, ministers discuss creating second Estia scheme
Disy, Diko, the finance minister and the labour minister discussed creating a second ESTIA housing scheme on Tuesday that would benefit people who meet their
Expected ECB rate hike, strong investor interest increased government’s bond appetite
By Stelios Orphanides The decision to go for a €1.5bn bond issue instead of the initially planned €1bn was dictated by a combination of factors,
Pieri says ministerial decree set Dionysiou’s €25k ‘baksheesh’
Former Co-op board member Lambros Pieri told the committee investigating the causes of the state-owned bank’s demise that an annual payment to a finance
Ministry official says past sins brought down the Co-op (Updated)
A finance ministry official who served on the Co-op’s board of directors said on Wednesday the lender went down mainly because of problems it
‘They didn’t want us to audit them’, Michaelides tells probe of ‘fierce resistance’
By Stelios Orphanides Auditor-general Odysseas Michaelides said on Thursday the finance ministry had done “whatever it could” to prevent an audit of the failed Co-op and
Government debt repayments seen at €713m in 2018
By Stelios Orphanides The government faces €713m in debt maturities this year, including the second payment of €312.5m to the Russian Federation against a €2.5bn
Fitch says medium term debt drop unaffected by Co-op
By Stelios Orphanides Fitch Ratings said that the sale of the Co-op’s operations to Hellenic Bank and the related increase in government debt will not
Makeover underway near old GSP but mainly to accommodate cars
By Annette Chrysostomou The first phase of the construction in front of the interior ministry, which consists of most of the public parking area and
Cyprus in race against time to reduce NPLs
By Stelios Orphanides The Finance Ministry and the Central Bank of Cyprus on Thursday presented political parties with proposals to resolve the non-performing loans problem
Commission, finance ministry expect strong growth, see risks
By Stelios Orphanides The European Commission said on Thursday it was expecting the Cypriot economy to grow 3.6 per cent this year and 3.3 per
US donates detection devices to customs department
The US donated detection systems worth around $150,000 to the Cyprus customs department, in a move described as further strengthening the relations between the two
Who’s afraid of a little bicommunality?
By Agnieszka Rakoczy RECENT media reports that the government may have been intentionally blocking promised international financial grants to two Nicosia-based NGOs dedicated to promoting
Audit office seeks financial autonomy
By Angelos Anastasiou The Audit Service should become financially autonomous by being allowed to submit its annual budget directly to parliament for approval, instead of
CCB audit hampered, findings possibly flawed, auditor says
Auditing the Central Co-operative Bank (CCB) was exceptionally difficult because the audit service’s access was restricted and there was a possibility that its findings would
Yields unchanged as government sells 13-weeks T-bills
The Public Debt Management Office (PDMO) said on Monday that it sold €100m in 13-weeks treasury bills at an average rate of minus 0.4 per
Cyprus, San Marino sign double tax treaty
Cyprus signed on Friday in Nicosia a double taxation avoidance treaty concerning taxes on income with San Marino, the finance ministry said. The agreement, signed