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Cyprus Finance Minister: Uninsured Laiki Depositors Could Face 80% Haircut

Cyprus΄s finance minister said Tuesday that large deposit holders at Cyprus Popular Bank PCL (CPB.CP), the island΄s second biggest lender, could face losses of...

Turkey May Dispute Cypriot Gas Reserves

Cyprus' hopes of using potential gas reserves as a bargaining chip to trigger an international bailout is hitting an obstacle in Ankara as Turkish...

Finance Minister of Cyprus Resigns Over Financial Crisis

Michalis Sarris, the Cypriot Finance Minister, has resigned on Tuesday. Only three weeks into the job and taking the blame for failing to stand up...

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...

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...

Former Cyprus Finance Minister Arrested for Sex Scandal

Former Finance Minister of the Republic of Cyprus Michalis Sarris was arrested yesterday in Turkish-held North Cyprus, charged of  having sex with minors, said...

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