Despite the fact that the previous government appointed him as the governor of the central bank Mr Panicos Demetriades is blames Demetris Christofias government for the current situation in the banking sector and the economy in general. He unveiled that Laiki Bank was not shut down last June because the former president implied that it should be kept on […]
Central Bank
1500 Greek companies have moved their headquarters to Cyprus
According to information by the Central Bank of Cyprus in the past 18 months at least 1500 Greek companies have moved their headquarters to Cyprus.
Cyprus parliament approves tax on bank deposits
Cyprus’s parliament on Thursday passed legislation imposing a 0.095 percent tax on deposits of banking institutions, saying part of it would help create a financial stability fund.