The UK government is examining ways to mitigate the impact of the Cyprus banking crisis on small and medium-sized enterprises and individual former customers of Laiki UK, Financial Secretary to the Treasury Greg Clark has stated in a letter to north London MPs.

CBC criticises press coverage of summary paper prepared for the Troika on Moneyval and Deloitte reports on the recent anti-money laundering audit carried out in Cyprus.

Cyprus has agreed to proceed with an in depth assessment of the effective implementation of Customer Due Diligence (CDD) requirements in the Cyprus banks, through relevant evaluations by MONEYVAL and Deloitte Italy.

President Nicos Anastasiades has asked the European Union to provide additional funding to help Cyprus get out of the mess it’s in.

Bankers yesterday criticised as unfair a deal to sell the Greek operations of the island’s banks as part of a €10 billion bailout deal Cyprus signed with international lenders.

All 112 beaches tested in Cyprus for a recent European report have “excellent” water quality, putting the island at the top of the EU for bathing.

Technocrats from Cyprus’ international lenders (ECB, EC, IMF) and from the Central Bank of Cyprus continue discussions today in Nicosia, which focus on the consolidation of Cyprus’ banking sector.

Limassol Marina has welcomed the first yachts just months after delivering the 94 luxury apartments at Nereids Residences.

A draft law that a group of European Union lawmakers voted for on Monday would shield small depositors from losing their savings in future bank rescues, but customers with more than €100,000 in savings when a bank failed could suffer losses.

Air France and Cyprus Airways are offering a total of 20 daily code-share flights as of this week.