Answering a question regarding his immigrant policy, the English prime-minister David Cameron saluted the deal closed on Sundays Eurogroup meeting regarding the Cyprus bailout. He expressed his dislike on the small deposit haircut and claimed that the new measures are much better. He further said that the deals portrays two important teachings about the British […]
Since a couple of days ago CNN posted a poll on their website which asks Would you travel to Cyprus on holiday? Maybe the measures imposed on Cyprus are systemic after all! Whatever the answer maybe we can all agree that our tourism industry can definitely use a boost this season. Go on then… cast your vote!
Last night the president of Cyprus announced to the people of Cyprus the proceedings of the latest Eurogroup meeting. The meeting in Brussels tackled a difficult mission which according to him had only one target. To save Cyprus through the stabilization and reconstruction of the banking sector. Mr Anstasiades stated that the negotiations was indeed very harsh and there were some […]
After several hours the president of the republic of Cyprus Mr Nicos Anastasiades close a deal with the Euroroup in Brussels around 3:00am this morning. The president announced that Cyprus got a deal that is beneficial for the Cypriot people. The deal is concentrated on the following: Restructuring of Bank of Cyprus and a haircut […]
The Laiki bank and Bank of Cyprus ATM’s have a withdrawal limit of 100 and 120 euro respectively. According to the Cyprus news Agency the press representative of Laiki bank Costas Archimandritis confirmed the news.
Reading the Cyprus government gazette (latest issue 22/03/2013) one can see a large list of government employee promotions… Considering the resent dilemma of whether to impose a hair-cut or levy on Cypriot bank deposits and with 8000 bank employees marching the roads yesterday, it is quite ironic how these things are still happening and Cypriots do nothing about it. Read page 2 of the issue The parliament voted for several anti-human right legislations the past […]
The Cyprus parliament is gathering to vote for a new legislation this afternoon which aims to provide means of control to prevent the bank run when the Cyprus banks open on Tuesday here are the main points Cash withdrawal limits Restriction to the breaking of fixed deposits Compulsory renewal of expired term (fixed) deposits Restriction […]
