Central Bank of Cyprus Governor accuses former president

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 […]

ATM limit to 100 – 120 euro

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.

Cyprus people protest while the economic committee postpones crucial legislation debate while discussing the possibilities

Angry Cypriots are protesting outside the Nicosia parliament building  against the Cyprus government’s management of the recently established Cyprus problem. The ‘Solidarity Fund’  which is what the Cyprus president is presenting to the parliament would require the imposition of tough controls on banks, in an attempt to secure a much needed bailout from the European Union. Most […]