Vgenopoulos Resigns from Marfin Popular Bank

The chairman of Marfin Popular Bank (MPB) resigned yesterday, citing a potential conflict of interest as a major shareholder during attempts to boost its...

Moody’s Downgrades Cyprus by Two Notches to Baa3

Rating agency Moody`s has downgraded Cyprus government bond ratings to Baa3 from Baa1, placing the ratings on review for further possible downgrade. The rating agency...

Cyprus, Israel to Set Up Committee on Mediterranean Peace

Cyprus and Israel have decided to establish a joint committee on their Mediterranean vision for peace and for the relations between the European Union...

Israel’s Peres to Visit Cyprus

The President of Israel Shimon Peres will pay a state visit to Cyprus November 2-4. According to the preliminary programme, the Israeli President is expected...

APOEL Stun Porto 2-1; Top Champions League Group G

Apoel Nicosia won the Europa League holders, Porto (2-1). Apoel remain top of Group G and move closer to becoming the first Cypriot team to...

Cyprus Finance Minister: Government Ready to Shore Up Banks

Cyprus’ Banks are expected to try to raise capital privately to strengthen their capital adequacy, Finance Minister Kikis Kazamias has said, stressing that the...

Russia Interested in Cyprus EEZ Exploration

Cyprus state television reported that the Russian energy colossus Gazprom is interested in purchasing the exploration rights for natural gas and oil in the...

Former Cyprus FinMin Sarris Released on Bail

Former Finance Minister of the Republic of Cyprus Michalis Sarris was released on bail yesterday, after paying ca. €47,000 to the court of the...

Cyprus: Leaders meet Friday ahead of New York meeting

President Demetris Christofias and Turkish Cypriot leader Dervis Eroglu meet Friday in the context of the ongoing UN-led peace talks, for a solution to...

EU Lawmaker Asks the Repeal of Anti-Gay Law in Northern Cyprus

EU legislator Marina Yannakoudakis asked the repeal of an anti-gay law in the Turkish occupied North Cyprus while meeting with Turkish Cypriot leader Dervis...

Cyprus to Cancel Military Exercises

The Republic of Cyprus has decided to cancel ''Nikiforos - 2011'' the military exercise, expecting Turkey to follow suit and cancel its military exercise...

Cyprus: National Council to Convene on Friday

The National Council, the top advisory body to the President of the Republic on the handling of the Cyprus problem, will convene on Friday. President...

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