Cyprus Stock Exchange remains closed Thursday and Friday
Cyprus stock exchange has extended a suspension of trading to Thursday and Friday. An announcement issued today says that the decision was taken due the economic developments and it follows that of the...
View ArticleRussians want to stay in Cyprus
RUSSIAN residents have expressed solidarity with Cyprus in the wake of Parliament’s ‘no’ to the troika on a bailout deal. According to Russian entrepreneur and editor of Russian community website...
View ArticleDesperate for bailout, Cyprus plays risky game
As it tries to play Russia off against Europe to salvage its economy, Cyprus has embarked on a high-stakes poker game that could see almost everyone lose. Its banks shattered by exposure to Greek debt,...
View ArticleFormer President never agreed on a haircut on bank deposits
Former President of the Republic Demetris Christofias has dismissed allegations that his government had given its consent for a haircut on Cypriot bank deposits. According to a press release from the...
View ArticleCyprus FinMin meets again with his Russian counterpart
Cyprus Minister of Finance Michalis Sarris meets again with his Russian counterpart Anton Siluanov this evening. In statements to CNA Sarris said that it is possible that Russian Energy Minister and...
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Cyprus plans special fund in race to get EU-IMF bailout
Cyprus plans to launch a state investment fund to raise billions of euros required to qualify for a 10bn-euro (£8.5bn) international bailout. The new package of measures is still under discussion to...
View ArticleScottish independence: Referendum to be held on 18 September, 2014
The Scottish independence referendum will be held on 18 September 2014, First Minister Alex Salmond has said. He revealed the date as draft legislation on holding the vote was brought before the...
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Investigation into Enfield Fire
An investigation has been launched into a fire which left a man needing hospital treatment for smoke inhalation. Thirty-five firefighters were called to Halstead Gardens in Winchmore Hill just before...
View ArticleEuro zone call notes reveal extent of alarm over Cyprus
Euro zone finance officials acknowledged being “in a mess” over Cyprus during a conference call on Wednesday and discussed imposing capital controls to insulate the region from a possible collapse of...
View ArticleCyprus Banks restructured
The Central Bank of Cyprus today intervened to quash frantic reports that Cyprus Popular Bank is to be closed down. The reports sent hundreds of Cyprus Popular Bank employees and holders of the bank’s...
View ArticleRussian Bank not interested in buying Cyprus Banks
RUSSIA’S VTB said it did not want to buy banking assets in Cyprus, as talks continue on whether Russia can help the island, whose financial system may collapse if it does not get an international...
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EU gives Cyprus bailout ultimatum, risks euro exit
The European Union gave Cyprus till Monday to raise the billions of euros it needs to secure an international bailout or face a collapse of its financial system that could push it out of the euro...
View ArticleTurkey may challenge Cypriot use of gas reserves in bailout
Turkey could challenge any move by Cyprus to speed up offshore natural gas exploration as a way of attracting desperately needed investment to save its teetering economy, senior Turkish officials said...
View ArticleShares Fall on Cyprus Fears and Oracle’s Weak Sales
The stock market fell on Thursday after Oracle’s weak sales results weighed down big technology companies. Traders also worried that Cyprus was running out of time to avoid a collapse of its financial...
View ArticleRussia talks focus on extending repayment of existing loan
Russian officials have made it clear to Cyprus Finance Minister Michalis Sarris that the only thing under discussion extending an existing loan of the order of €2.5 billion, government sources said...
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Cyprus House convenes Friday to vote on nine bills
MPs in Cyprus are due to begin voting on a series of bills that aim to raise the funds the country needs to secure an international bailout. The country is in a race against time after the European...
View ArticleCyprus optimistic about arrivals from Russia and the UK
As Cyprus is facing uncertainty over its economy, tourism arrivals from Russia and the UK for now appear positive and optimistic, with tourist agents maintaining their reservations and continuing their...
View ArticleRussians not interested in Cyprus gas
Talks between Russia and Cyprus on a possible financial assistance package of have been completed without success, the Russian Finance Minister Anton Silouanov said today. The Russian investors were...
View ArticleMurder investigation launched after Finsbury Park assault victim dies
A murder investigation has been launched after a man assaulted in Finsbury Park on Tuesday night died in hospital today, Thursday 21 March. Detectives from Homicide and Serious Crime Command are now...
View ArticleHeavy snow and rain cause disruption in UK
Heavy snow is causing disruption to transport and schools across the UK, with heavy rainfall bringing flooding to the south-west of England. In Devon and Cornwall homes have flooded and one has...
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