(Updates with background in eleventh paragraph)
By Stelios Orphanides
Paul Manafort, the former head of US President Donald Trump’s campaign, is linked with up to 10 Cypriot companies that maintained bank accounts, which were
By Stelios Orphanides
Investigations into the ties of US president Donald Trump’s team with Russia have diverted media attention to Cyprus, with US authorities probing his former campaign manager Paul Manafort and media questioning
By Stelios Orphanides
Cypriot banks and companies registered in Cyprus are involved in one of the world’s largest financial fraud schemes which allowed criminals to launder more than $20.8bn (€19.2bn) from Russia, a joint
By Stelios Orphanides
A year after the legalisation of the use of liquid petroleum gas (LPG) by cars, the Ministry of Energy, Commerce, Industry and Tourism appears to lack a policy of actively encouraging
(Adds comment by lawyer in seventh paragraph)
By Stelios Orphanides
As the verdict of the Nicosia district court on whether it will allow the appointment of a liquidator at FBME Bank is expected over
By Sophie Louet and Bate Felix
A letter exploded when it was opened at the offices in central Paris of the International Monetary Fund (IMF) on Thursday and one person was slightly injured, police sources
(Updates with addtional information in the second and ninth paragraph)
By Stelios Orphanides
Bank of Cyprus’s (BoC) board of directors which is meeting on Tuesday afternoon to approve the 2016 results is also expected
By Stelios Orphanides
A Swedish arbitration court rejected on Tuesday an appeal filed by two bailed-in investors from Poland against the Republic of Cyprus seeking compensation for losses suffered in Cyprus’s banking crisis four
By Stelios Orphanides
The Central Bank of Cyprus said that its will inform and consult its staff and bank workers’ union ETYK on certain aspects of its February 18 board decision on the supervisory
(Updates fifth paragraph with background information)
By Stelios Orphanides
U.S. billionaire Wilbur Ross, who together with a group of investors participated in Bank of Cyprus’s August 2014 capital increase, is facing questions following his
By Stelios Orphanides
The council of ministers decided on Wednesday to appoint privatisation commissioner Constantinos Herodotou as executive director of the Central Bank of Cyprus, the press and Information Office said.
The cabinet also
By Alastair Macdonald
“Our Donald”, or “the other Donald”? European Union leaders meeting in Malta found themselves taking sides, between their summit chairman, “our Donald” Tusk, and the new U.S. president, Donald Trump.
By Stelios Orphanides
The Central Bank of Cyprus said that a total of 284 counterfeited banknotes had been withdrawn in Cyprus in the second half of 2016 compared to 302 in January to June.
By Stelios Orphanides
Cyprus ranked joint 47th with the Czech Republic and Malta 47th in the 2016 Transparency International corruption perception index out of 176 countries, after plunging 15 positions in one year, the
By Stelios Orphanides
The Bank of Cyprus has said that its board of directors fully supports three members of its upper management team who are facing charges, along with with former top executives, regarding
By Stelios Orphanides
Finance minister Harris Georgiades and Enzo Quattrociocche, secretary general of the European Bank of Reconstruction and Development (EBRD), signed on Tuesday a memorandum of understanding setting out Cyprus’s responsibilities in organising
(Updates with BOC comment in fourth paragraph)
By Stelios Orphanides
Bank of Cyprus, the island’s biggest lender, said its holding company, Bank of Cyprus Holdings Plc Ltd Co. had determined that the Cyprus Securities
By Francesco Guarascio
Antonio Tajani of Italy was elected president of the European Parliament on Tuesday, consolidating a conservative grip on key European Union institutions as the mainstream right and left struggle to unite
By Francesco Guarascio
The European liberal party ALDE withdrew its candidate from Tuesday’s ballot to elect a new speaker of the European Parliament and backed the centre-right favourite, seeking a new pro-EU coalition.
The
(Adds CySEC chairwoman’s comment in first paragraph)
By Stelios Orphanides
Customers of the Limassol-based Banc de Binary Ltd (BdB) which renounced its licence obtained from the Cyprus Securities and Exchange Commission (CySEC) on Monday,
