Latest articles from Cyprus

Harris Georgiades teaser

Cyprus finance minister keen to demonstrate progress to EBRD

May 2, 2017

As Cyprus prepares to host the EBRD's annual meeting, its finance minister, Harris Georgiades, tells Michael Imeson how the country has progressed from its EU/IMF bailout in 2013 to record a budget surplus and GDP growth higher than the eurozone average.

Bank of Cyprus teaser

Cyprus banks' reversal of fortune

May 2, 2017

Though Cyprus's banking sector is in a much healthier state than it was during the crisis years of 2012 and 2013, high NPL ratios and the country's negative interest rate environment are casting a shadow over its recovery, as Michael Imeson reports.

A bumpy ride on the Cypriot road to recovery

A bumpy ride on Cyprus's road to recovery

February 1, 2016

Things are looking up for banks in Cyprus, as the financial sector and economy recover. But a difficult journey still lies ahead with NPLs still high and calls for consolidation among the country's banks growing louder.

Former bail-out chief helps steer Cyprus back to health

Former Cyprus bail-out chief helps steer sovereign back to capital markets

June 1, 2015

The timely passage of a bill to strengthen the local insolvency law helped convince both the International Monetary Fund and sovereign bond investors that the Cyprus credit story should not be bracketed with that of Greece.

Chrystalla Georghadji

Cyprus reborn: CBG looks to a bright banking future

April 1, 2015

Restructured and recapitalised, the Cypriot banking sector has emerged from its recent crisis more resilient and far more stable, according to the country's central bank governor, Chrystalla Georghadji.

Cyprus a recovery in progress

Cyprus: a recovery in progress

January 5, 2015

Cyprus's banks all passed the European Central Bank's stress tests, a result that is indicative of the recovery that is under way in the country's financial sector. However, for these institutions to return to full health they must tackle their non-performing loans, a feat that is as much in the hands of the country's politicians as its bankers.

George Vassiliou's Cypriot vision

January 5, 2015

The Cypriot economy is heading towards a recovery, according to former president George Vassiliou. But, he says, reunification is key if the country is to achieve its full economic potential.

Nicos Anastasiades

Cyprus president: country is moving in the right direction

January 27, 2014

The first signs of recovery are emerging in Cyprus, and the country's president, Nicos Anastasiades, is confident that the measures and resolutions put in place by the government will see the economy return to growth by 2015.

Cyprus finance minister paves way for better regulation

Cyprus finance minister paves way for better regulation

September 23, 2013

With Cyprus’s economy moving out of the danger zone, its finance minister is laying the groundwork for a smaller but better regulated banking system.

An Icelandic lesson of recovery for Cyprus

April 29, 2013

The problems that have beset Cyprus this year have an all too familiar ring to them, but the post-crisis reaction to its economic problems by Iceland show how a full investigation into the causes of a financial crisis are essential to enable a new system that is fit for purpose to be established.

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