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NEW: Limits now in place for re-opening of banks - text of decree included
Author: Stefanos Evripidou AFTER ALMOST two weeks with no banking system and limited ATM withdrawals, banks across the country will once again open their doors to the public today, introducing...
View ArticleDrugs companies seek exemption from capital controls
ANY long-term capital controls restrictions should not impact the pharmaceutical sector to ensure that patients continue having access to drugs, especially essential medicines and vaccines, the Cyprus...
View ArticleShipping registry not affected by bank crisis
THE BANKING crisis is not affecting the island’s shipping industry, Transport Minister Tasos Mitsopoulos said yesterday.Mitsopoulos was responding to speculation to the contrary. “The Department [of...
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Limassol port at a standstill
Author: Poly Pantelides THOUSANDS of shipping containers have been accumulating at Limassol port as their recipients are either reluctant or unable to pay shipping agents for the deliveries, the...
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It’s not all about the Russians
Author: Peter Stevenson MOST OF the focus of the banking crisis, at least in the foreign media, has centred on how much large Russian investors will lose, with little thought given to the millions of...
View ArticlePublic looks to buying safes
Author: Maria Gregoriou COMPANIES selling safes have received an increase in calls asking for information, as people prepare to stash cash at home when the banks open.They’re asking about the size of...
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Labour ministry braces for the worst
Author: George Psyllides THE ISLAND’S economy will inevitably go into deeper recession, Labour Minister Haris Georgiades warned yesterday, as he announced that the government would be reviewing all...
View ArticleOur View: State needs to look at further wages cuts in the public sector
LABOUR Minister Haris Georgiades yesterday held a meeting with ministry officials to re-examine all the state’s welfare benefits, with a view to limiting the adverse social consequences of the deep...
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LIVE: Banks reopen in Cyprus
14:42President Nicos Anastasiades thanked the Cypriot people for displaying maturity and a high sense of responsibility at a critical time.“With its stance, our people proves that not only we want but...
View ArticleCentral Bank of Cyprus Q&A on capital controls
The Central Bank of Cyprus has released a Q&A to address questionson the following:Access to deposits; Use of credit and debit cards; Taking cash in and out of Cyprus; Access to deposits; Transfers...
View ArticleWe want to hear from you
Do you have any personal stories of people in Cyprus coming together to display solidarity and kindness?Use the feedback button on the right hand side of www.Cyprus-Mail.com to share.
View ArticleCabinet names investigating commission
THE government yesterday appointed an investigating commission to look into the reasons of the island’s economic collapse, it was announced yesterday.The commission is made up of former Supreme Court...
View ArticleDecision on BoC shares hits a snag
Author: George Psyllides AUTHORITIES were yesterday trying to find an alternative solution to a Eurogroup decision to wipe out all Bank of Cyprus (BoC) shares as part of the island’s bailout, as the...
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House puts off vote on sacking of CB boss
Author: Elias Hazou THE HOUSE last night decided to postpone a vote on a motion calling on the President to sack the governor of the Central Bank, with MPs asking for more time to ensure such a move...
View ArticlePublic’s patience and maturity hailed
Author: Peter Stevenson PRESIDENT Nicos Anastasiades expressed his gratitude and deep appreciation towards the public yesterday for the maturity and high level of responsibility shown during a...
View ArticleAn atmosphere of resignation in Paphos
Author: Bejay Browne BRANCHES of Laiki and Bank of Cyprus in Paphos saw queues forming about an hour before opening, but for most other banks including Hellenic and Societe Generale, it was business...
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Our View: No angry mobs, no riots and no stampedes as people acted responsibly
FOREIGN film crews that had their cameras positioned outside several branches of Bank of Cyprus and Laiki since 9am must have been rather disappointed with the lack of incident when banks finally...
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All calm as banks open their doors
THE FEARED stampede on banks when they reopened yesterday after two weeks of crisis never materialised with queues remaining moderate and the public waiting calmly and patiently for up to an hour to...
View ArticleNew: Cyprus, troika, agree on BoC share issue
AUTHORITIES have struck a deal with troika late on Thursday not to write off current Bank of Cyprus (BoC) shares but to impose a write-down instead.The agreement provides for the replacement of the...
View ArticleNew: Cyprus has no intention of leaving euro: president
CYPRUS has "contained" the risk of bankruptcy in the wake of a tough rescue package with the European Union and has no intention of leaving Europe's single currency, president Nicos Anastasiades said...
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