Polish Depositors Lose Bank of Cyprus Haircut Arbitration Case
Two Polish depositors lost their arbitration suit over the Bank of Cyprus haircut and were ordered to pay legal fees by the Stockholm Chamber of...
The New Crisis - Cash Flow Crunch
The headline GDP numbers look great! Three percent growth in 2016, and Cyprus is suddenly the fastest-growing economy in the EU. Hooray for that,...
Tax Debtors Can Pay off in Installments, Says Tax Office
Following the new tax repayment law, the island's tax debtors are now allowed to pay their past-due and 2016 obligations in installments, according to...
Q3 Cyprus House Prices Down 3.3% Year/Year
Third-quarter (2016) house prices fell by 3.3 percent year-on-year, said the Cyprus Statistical Survey (CySTAT) in its latest House Price Index.
Compared to the second...
Bank of Cyprus Repays 9 Bln Euros of ECB Emergency Lending Funds
Bank of Cyprus has fully repaid the nine billion Euros in emergency lending that was borrowed from the European Central Bank by Laiki Bank...
Economic Risks Rise as Lawmakers Reject Reform Linking Salaries to Growth
Cyprus lawmakers have added more risks to the economy after rejecting reforms linking increases in state salaries to growth rates. The reforms are part...
