Cyprus prosecutors to check purchase of Uniastrum Bank by Bank of CyprusThe Cypriot Attorney General's Office will audit a 2008 deal to buy an 80% stake in Russia's Uniastrum Bank by Bank of Cyprus, the Cypriot government reported on its website.15:25 11.06.2013
Cyprus Supreme Court approves deposit restructuring decisionThe Supreme Court of Cyprus on Friday approved a decision to write off some deposits with Cypriot banks, thereby dismissing the clients' complaints against the "unconstitutional decisions" of the government and the Bank of Cyprus.14:12 07.06.2013
Former MIAN owner resumes control of Cypriot assetsThe Supreme Court of Cyprus has canceled the Nicosia District Court's ruling that prohibited Kopernik (previously MIAN) investment group owner Alexander Senatorov from managing his Cypriot assets.16:05 16.04.2013
Cyprus to ease citizenship requirements for disgruntled investors – reportCypriot President Nicos Anastasiades announced new measures his country plans to take in order to ease citizenship requirements for foreign investors whose savings have suffered as a result of the EU bailout.12:08 15.04.2013
Russian hacker detained in Cyprus to be extraditedThe Cypriot authorities have extradited hacker Dmitry Zubakha to Russia, the Russian Interior Ministry reported on Friday. He has been charged with committing cyber attacks.17:33 12.04.2013
Gazprombank boss emptied Cyprus account days before bailout – FTThe president of Gazprombank, the Russian energy giant’s banking arm, is among individuals who pulled their money from the troubled Laiki Bank just days before Cyprus agreed a “haircut deal” with international lenders.18:35 03.04.2013
Cypriot Finance Minister resigns amidst financial crisis investigationCypriot Finance Minister Michalis Sarris resigned amidst an investigation into the country's unprecedented financial collapse, Cypriot TV channels reported on Tuesday.19:34 02.04.2013
No state help to Russians affected by Cyprus crisis - officialRussian authorities plan no support measures for citizens, who might partially lose their funds deposited in crisis-stricken Cypriot banks, Russian First Deputy Prime Minister Igor Shuvalov.09:08 01.04.2013
Three-judge commission to look into Cyprus bank crisisCypriot Council of Ministers has decided that a commission comprising three former judges will look into the causes of the country's bank and economic crisis.17:45 28.03.2013
Russian account holders plan to sue Cyprus over loss of savingsSome Russian bank account holders intend to sue Cypriot authorities over the bailout decision which will strip people of a substantial part of their savings, Andreas Sofokleous, says the founder and managing partner of the Andreas Sofokleous & Co. law firm.13:01 28.03.2013
Higher tax on deposits in Cyprus is legalized theft - opinionThe proposed bailout tax on bank accounts in Cyprus is "legalized theft," which contradicts international agreements and will be contested, Yury Pyanykh, says the president of the Association of Russian Businessmen in Cyprus.15:45 25.03.2013
Industrialists Union head proposes amnesty for foreign depositsBusinessman Alexander Shokhin, head of the Russian Union of Industrialists and Entrepreneurs, has proposed an amnesty for funds held by Russian nationals in foreign banks in contravention of the law.10:09 22.03.2013
Cyprus authorities agree to set up special fund to lower deposit levyCyprus will establish a special fund to raise cash for lowering the levy on deposits, a statement from the country’s government representative said on Thursday.19:29 21.03.2013
Russia, Cyprus in second day of gas for cash talksRussia and Cyprus are set to launch a second day of talks in Moscow on Thursday over a multibillion-dollar loan to help the island nation avoid a financial collapse.14:31 21.03.2013
Cypriot parliament rejects tax on deposits, asks Russia for loanParliament in Cyprus on Tuesday overwhelmingly rejected a bill aimed at charging steep levies on bank deposits, jeopardizing the country’s chances of securing a desperately needed international bailout.13:44 20.03.2013
Russia's ex-finance minister slams Cyprus deposit levy plansRussia’s former finance minister, Alexei Kudrin, said on Tuesday that plans by Cyprus to force all savers to agree to a levy on their deposits ignored the interests of Russian investors.16:42 19.03.2013
Gazprom denies offering aid-for-licenses deal to CyprusRussian energy giant Gazprom claims it did not offer to bail Cyprus out in return for gas exploration licenses in Cyprus's exclusive economic zone. Cyprus's Sigma TV has reported that representatives of the Russian company submitted the proposal to the office of Cypriot President Nicos Anastasiades on Sunday evening.12:11 19.03.2013
Putin criticizes Cyprus' new "dangerous" savings taxPresident Vladimir Putin has called a new tax to be imposed on bank deposits in Cyprus "unfair, unprofessional and dangerous." Russians holding $18.3 billion worth of deposits in Cyprus could lose up to $2 billion.14:29 18.03.2013
Cyprus banks cease operations, Russian investments at riskThe Central Bank of Cyprus has ordered all national banks to suspend operations at both domestic and foreign offices. The measure comes after EU finance ministers agreed on Saturday to tax deposits in Cyprus as part of the extraordinary 10 billion-euro ($13 billion) bailout.09:33 18.03.2013
Bankruptcy application for Bank of Cyprus subsidiary to be heard on December 3The Moscow Commercial Court will hear on December 3 the validity of an application for Uniastrum Leasing's bankruptcy.14:49 18.10.2012