Cyprus approves a roadmap to start privatising state companies in two years, a requirement of international lenders for Cyprus to receive its next tranche of bailout funding.

The new lending criteria enforced by the Central Bank, could possibly shock borrowers, says President of the Association of Cyprus Banks.

Piraeus Bank announces a forecast-beating set of results, with Q3 2013 core profits coming in 6-13% above analyst and consensus estimates in Greece.

The government and the private sector draft an action plan to reverse the negative climate surrounding Cyprus on taxation transparency.

Unemployment in Cyprus declined marginally by 0.77% in November 2013, according to recently released figures by the Cyprus Statistical Service.



Bank deposits from third-country nationals increase slightly, according to official Central Bank (CBC) data.

Hydrocarbon reserves could be used to develop Cyprus' foreign policy and do for the Eastern Mediterranean what coal and steel did for Europe after WWII, says the Foreign Minister.

A second estimate for the third quarter of 2013 published recently by Eurostat confirmed that growth rates in Cyprus have declined.

Cyprus is out of 'the danger zone' says Finance Minister Harris Georgiades, adding that the recovery is due to Cyprus' willingness to commit and enact reforms quickly.


The island’s Cooperative credit societies are set to operate as a unified banking group, following a bailout programme and set of reforms that are restructuring the community based savings banks into a commercial entity.