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Media Centre

Single borrowers’ registry by month’s end

  • Friday, 26 September 2014 13:09
THE integration of the borrowers’ registries kept by co-ops and commercial banks will be completed by the end of the month, it emerged on Wednesday, as part of the terms of the island’s bailout.
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.