Bulgarian Community in Cyprus Raises Funds for Flood-Hit Compatriots

The Bulgarian community in Cyprus has launched a fundraising campaign to help the flood-hit areas in Bulgaria, Friday.

Charity boxes have been placed in all Bulgarian stores in Nicosia, Larnaca, Limassol and Paralimni, as well as in the Consular Section at the Embassy of Bulgaria in Nicosia, and the Bulgarian school.

In Cyprus negotiations, this time it’s different

The leaders of both Turkish and Greek communities in Cyprus recently signed a joint declaration committing themselves to a confederation of two federal states. Thus the Cyprus negotiations restarted. That is better than the alternative. But there is reason to look beyond the usual pessimism of Cyprus watchers. I think this round is truly set to be different. Let me explain why.

BoC to decide later on share capital increase

Bank of Cyprus will make a decision on whether to proceed to a share capital increase or not at the end of June, after reporting its first profit in seven quarters on Friday, saying it was on track on deleveraging and improving the quality of its loan portfolio.

First-quarter profit after tax was 31 million euros after a 103-million-euro loss in the last quarter of 2013.

Cyprus bank deposits up for first time since December 2012

Bank deposits in Cyprus rose last month for the first time since December 2012, the central bank said on Wednesday, but that was only possible due to money from outside the European Union.

Net deposits increased by 266.3 million euros in April after declining 247.2 million euros in March.