2012–13 Cypriot financial crisis
Cyprus Finance Ministry: More than 1.2 billion euros in Russian assets frozen
Some 1.2 billion euros ($1.3 billion) in Russian-owned assets managed by Cyprus-registered companies were frozen in compliance with sanctions imposed on Russia following its invasion of Ukraine, Cyprus' Finance Ministry said Tuesday.
Cyprus protests portrayal as safe haven for Russian money
Cyprus has frozen about 1.5 billion euros ($1.6 billion) in Russian-linked deposits and assets in accordance with European Union sanctions over the war in Ukraine, the island nation's finance minister said Thursday.
Hundreds of Greeks seeking compensation for 2013 Cyprus deposit ‘haircut’
Hundreds of Greek depositors have joined forces against the Republic of Cyprus in demand of compensation over a 2013 haircut on uninsured bank deposits, calling on MPs to push their claim before it goes to international mediation.
Cyprus says has paid off 2011 Russian debt
Cyprus has fully repaid a loan it secured from Russia in 2011, its finance minister said on Monday, a debt assumed by the island's former communist-led administration to keep it afloat at the peak of a financing crisis.
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Cyprus suffers blow from massive bank withdrawals by Russian depositors
The economy of Cyprus has suffered a serious blow from the flight of Russian capital from the island.
The Russian oligarchs who appear to be a pillar of Cyprus' banking system apparently want to stash away their wealth in other countries as the battle to combat money laundering heats up in the EU.
Business and capital return boosted bank deposits
The corporate sector and the repatriation of capital are the main factors behind the increase in bank deposits, the interim report of the Bank of Greece claimed on Thursday.
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IMF praises Cyprus's 'impressive recovery'
The International Monetary Fund, one of Cyprus' international lenders in the 2013 bailout, praised the "impressive recovery of the eastern Mediterranean island's economy, but also issued a warning about legacy issues, a statement said on Friday.
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S&P upgrades its outlook on Greek Cypriot debt
Accelerating economic growth and prospects for a continued budget surplus has prompted a key credit rating agency to upgrade the outlook for Greek Cyprus to positive.
Standard and Poor's said the improved outlook indicates it could raise the grade on the country's debt in the next 12 months if the positive developments "continue unabated."
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Cyprus has gone from bust to boom in less than four years
With the highest rate of economic growth and employment in the eurozone, and a boom in business, Cyprus has entered a period of optimism and confidence.
The ‘dragon’ has landed…IMF tough rep in Athens..
The wait is finally over, as the notorious for her tough, ‘no-nonsense’ approach Romanian ‘star’ representative of the IMF, Delia Velculescu has landed in Athens. Her arrival at the Athens Hilton Hotel was indicative of her ‘special’ status, something usually reserved for high profile royals or celebrities.
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