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Media Centre

The appointment of Chrystalla Georghadji to replace outgoing Central Bank of Cyprus Chief Panicos Demetriades will help heal a rift between the central lender and the government, a former governor at the bank said.

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…