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Media Centre

Fitch Maintains BoC’s Covered Bonds Rating

  • Wednesday, 05 March 2014 09:45
Fitch Ratings  has maintained Bank of Cyprus’ (BoC) covered bonds' B' rating on Rating Watch Negative (RWN).
International aid to cash-starved Cyprus was thrown into turmoil yesterday (27 February) after its parliament rejected a privatisation plan, throwing into disarray the disbursement of a new tranche of financial assistance next month.

Russians Return to Cyprus, a Favorite Tax Haven

  • Wednesday, 19 February 2014 07:50
NICOSIA, Cyprus — When the Cypriot government forced bank depositors — many of them Russian — to pay their share of an international bailout last spring, Vasilis Zertalis’s phone started ringing.
By Angelos Anastasiou THE beginning of a dialogue aimed at strengthening relations and including the expansion of activities by Lebanese banks in the Cyprus market was announced yesterday by Central Bank Governor Panicos Demetriades, and his…

Cyprus not doing business

  • Tuesday, 11 February 2014 13:50
The need to combat bureaucracy, simplify procedures and update structures and practices in Cyprus are confirmed in the World Bank’s “Doing Business Report 2014”.According to the World Bank’s report, Cyprus is ranked 39 among 189 countries,…