Following the Central Bank of Cyprus decision to reduce the base rate by 1% in order to encourage banks to spur money flow in the market and to consumers, lending rates retreated in March.
A.G. Erotocritou is a boutique law firm based in Limassol offering legal services in both non-contentious, advisory and litigation matters. The firm’s main areas of practice comprise commercial litigation ...
Capital control rules relating to international deposits were freed on April 6, 2015, one year after Cyprus lifted restrictions on domestic deposits, ending two years of controls that set an undesired ...
CySec has announced the launch of their new website and at the same time has decided to replace their e-mail services with Twitter and RSS Feed. The purpose of this development is to optimize the efficiency ...
A US Court has ordered Microsoft to hand over foreign data it stores back to the United States despite the “alleged” strong privacy protections in Europe to mitigate such processes.
Bank of Cyprus announced on yesyerday it will release 12-month time deposits of worth €927 million that were blocked as part of the terms of its recapitalisation in July 2013.
Bailed-out Bank of Cyprus is reviewing its restructuring plans in a move that could result in billions of euros of its troubled assets being put into a “bad bank”.
The Council of Ministers announced on 28 March 2014 certain changes to the criteria by which Cypriot citizenship is granted (by way of exception) to foreign investors.
Moody’s ratings agency has upgraded Cyprus’ credit worthiness from negative to positive, citing the island’s strong fiscal and economic performances in 2013 and the authorities’ track record of meeting ...
Bank of Cyprus announced the release of €900 million that were held in fixed-term deposits, blocked following the lender’s recapitalisation on 2013. The €900 million concerns the six-month time deposits ...
Approximately 3 billion barrels of oil may lie in plot 12 of Cyprus’ exclusive economic zone, according to Noble Energy and unofficial reports indicate that such reserves would translate into revenues ...
Cyprus and India are close in agreeing a new double taxation agreement, said the Cyprus Finance Ministry. The current double taxation agreement between the two countries has been in force since December ...
