The Association of Cyprus Banks acknowledges the disruption caused by Eurogroup’s recent decision in relation to Cyprus and the subsequent developments. It urges bank customers to remain calm and avoid panic. The Association and it’s member banks remain vigilant in view of the current developments and are closely monitoring the situation in cooperation with the…
The Eurogroup held a teleconference this evening to take stock of the situation in Cyprus I recall that the political agreement reached οn 16 March on the cornerstones of the adjustment programme and the financing envelope for Cyprus reflects the consensus reached by the Cypriot government with the Eurogroup. The implementation of the reform measures included…
On the 16th of March 2013, an agreement has been reached by the Member States of the Eurozone, for granting financial assistance to the Republic of Cyprus. Financial assistance up to an amount of €10 billion is to be granted to cover fiscal needs, the restructuring of the banking system and for the support of…
The Cyprus signed contract with the French company TOTAL for granting the licenses for exploratory drillings in blocks 10 and 11 on Cyprus’ Exclusive Economic Zone. In statements to the press, at the Presidential Palace, following a meeting of the Cabinet, Government Spokesman Mr Stefanos Stefanou, noted: “The Council of Ministers decided, at the meetings…
During the regular bi-weekly press briefing, IMF spokesman Gerry Rice said that “an IMF staff team will start discussion in Athens with the Greek authorities, the EC and the ECB in late February. The purpose of the mission is to assess progress on the implementation of measures in the program. The visit is expected to…
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