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Media Centre

In June, major international equity index provider MSCI confirmed Greece’s sojourn among the ranks of “developed markets” would end later this year as it will become the first-ever country to lose its “developed market” status in…
RATING AGENCY Fitch on Monday cut Cyprus’ rating further into junk and warned more cuts could be on the way as an EU/IMF rescue programme could fail. The agency cut Cyprus’ long-term foreign currency issuer default…
Capital controls imposed on the Cyprus banking sector should be lifted as soon as possible, provided the sector is stabilized, the island’s bank association said. “We are in the eurozone and there cannot be two separate…
A CYPRIOT court has frozen assets worth around €5.3 billion belonging to former Laiki Bank strongman Andreas Vgenopoulos and two other people, the Central Bank (CBC) announced yesterday. The interim court orders, which have a global…