Archive: Cyprus
European Commission and IMF welcome Cyprus’ multiannual reform program
April 9, 2013. Tags: Cyprus, European Commission, Growth, IMF
On 3 April 2013, the vice-president of the European Commission and the managing director of the IMF welcomed the multiannual reform program of Cyprus, which …
Depositors of UK Popular Bank of Cyprus protected from bank levy imposed in Cyprus
April 8, 2013. Tags: Cyprus, Financial Services, United Kingdom
On 2 April 2013, the UK Prudential Regulation Authority announced that 15,000 UK depositors at the Popular Bank of Cyprus (Laiki Bank) will escape the …
Cyprus and European Union: estimates relating to haircut on deposits “around 80% in Popular Bank and 50% in Bank of Cyprus”
April 4, 2013. Tags: Cyprus, European Union, Financial Services
On 26 March 2013, the Cypriot Minister of Finance estimated, while in a TV interview, that the haircut imposed on deposits in the context of …
Cyprus has been challenging but the Eurozone financial services industry still on track to start to turn the corner
April 4, 2013. Tags: Cyprus, Financial Services, Growth, The European Union
While localized problems can’t be ruled out, the collective pain for the financial services sector in the Eurozone is almost over.
Cyprus: Eurogroup reaches agreement on EU bailout
March 28, 2013. Tags: Cyprus, European Union, Financial Services
In the early hours of 25 March 2013, the Eurogroup ministers reached a deal on the EU bailout of Cyprus. Previously, the Cypriot Parliament had adopted …
Cyprus and European Union: Government submits nine new draft laws to Parliament to ensure EU bailout
March 26, 2013. Tags: Cyprus, European Union, Financial Services
On 21 March 2013, the Cypriot Government submitted nine new draft laws to the Parliament, in the context of the EU bailout scheme, which is …
European Central Bank decides to maintain emergency help to Cyprus only until 25 March 2013
March 25, 2013. Tags: Cyprus, European Union
On 21 March 2013, the ECB Governing Council decided to maintain the current level of Emergency Liquidity Assistance (ELA) requested by the Central Bank of …
Cypriot Parliament rejects EU bailout scheme and bank levy
March 22, 2013. Tags: Cyprus, European Union
On 19 March 2013, the Cypriot Parliament rejected the EU bailout scheme and the bank levy decided by the recent Eurogroup of 15 March 2013.
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