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Media Centre

Payments in commercial transactions between businesses and between businesses and the public sector in crisis-hit Cyprus take from 25 to 90 days, according to an EU Economic and Financial Affairs Directorate General.

BoC board told to quit, green light for Ross

  • Tuesday, 23 September 2014 10:37
CENTRAL Bank of Cyprus (CBC) Governor Chrystalla  Georghadji sent a letter to the board of Bank of Cyprus (BoC) on Monday, asking all of them to step down and call for a general assembly as soon…
(STRASBOURG) - The European Parliament on Thursday urged the EU to consider excluding Russia from the SWIFT system for global financial transactions as an additional punishment for its role in the Ukraine conflict.
Talks with Cyprus’ international lenders – collectively known as the Troika – were concluded successfully on Friday afternoon, in the framework of the Troika’s fourth mission review to the island.
(Reuters) - Cyprus expects to return to international markets late next year but cannot rule out testing the waters earlier to gauge the appetite for Cypriot debt, the president of the bailed-out Mediterranean nation said on…