ICC ruling cannot stop FBME liquidation, says CBC

THE Arbitral Tribunal of the International Chamber of Commerce may have ruled to allow the conditional access of FBME Bank’s owners to the lender’s premises, but it denied their request for the im [...]

BREXIT: Implications for Cyprus

Implications for CyprusCyprus is one of the countries that the UK has strong bilateral relations, reflecting the historical ties between the two countries. Brexit has dimensions that raise many concer [...]

How many marinas do we need?

With at least three new marinas supposedly on their way, a host of questions has been raised over the economic value and environmental impact of these massive projects, including whether they will hap [...]

Parties on both sides pledge to work together on reforestation

Greek and Turkish Cypriot political parties on Wednesday pledged to work together in reforesting all the areas affected by a huge fire in the Solea region of the Troodos mountain. The parties express [...]

Schulz tells Turkey Europe would not give in to threats over visa deal

European Parliament President Martin Schulz has accused Turkey of not keeping it promise to reform anti-terrorist laws and warned that Europe could harden its stance on visa-free travel for Turkish ci [...]

German politicians say Merkel left EU exposed to Turkish blackmail

German politicians accused Chancellor Angela Merkel at the weekend of making Europe overly dependent on Turkey in the migrant crisis, leaving the bloc vulnerable to blackmail by President Tayyip Erdog [...]

FBME workers call off strike after renegotiating new deal

The decision followed a re-negotiation of a previous agreement by the striking workers and their colleagues who were dismissed in March, with the Central Bank of Cyprus’s Resolution Authority leadin [...]

All eyes on Brussels and Turkey visa deal

Nicosia insisted on Monday that as long as Turkey does not fulfil its obligations to the EU, including Cyprus, visa restrictions for Turkish nationals cannot be abolished, even as Brussels was set to [...]

One in four construction firms bankrupt

The Registrar of Companies has been reported as saying that one in four construction firms in Cyprus are going bankrupt due to the pressure caused by the island’s financial crisis. CONSTRUCTION f [...]

FBME says activiation of deposit scheme ‘designed to protect CBC, not depositors’

FBME Bank said on Sunday that the Central Bank of Cyprus (CBC) had triggered the deposit guarantee scheme so that the supervisory body could claim to have fulfilled its duties to depositors “and eva [...]
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