Credit agency Standard and Poor’s has raised its rating on Cyprus to “B” from “B-“ today, saying the Mediterranean nation was faring better tha(...)

Police look on as demonstrators outside Cyprus’s parliament protest plans by the government to sell off state-owned enterprises. Photograph: Andreas Manolis/Reuters

Cyprus’s government will re-submit a privatisation law to parliament, a spokesman said today, a day after lawmakers rejected a sell-off plan, p(...)

Nicos Anastasiades (left), president of the internationally recognised Cypriot government, shakes hands with Turkish Cypriot leader Dervis Eroglu as they announce the launch of peace negotiations in Nicosia. Photograph: Andreas Manolis/Reuters

The leaders of the Greek and Turkish territories on the disputed Mediterranean island(...)

Resistance to the concept of retroactive recapitalisation by the ESM has been intensifying in Brussels and Berlin in recent months. Photograph: Fabian Bimmer/AP

Euro zone finance ministers gather in Luxembourg today amid mounting expectation that a definitive decision on the application of the euro zone’s ESM (...)

The euro zone does not intend to change the terms of Cyprus’s bailout as requested by Cypriot president Nicos Anastasiades in a letter sent to euro zo(...)

A man walks past a branch of Bank of Cyprus in Nicosia. REUTERS/Yorgos Karahalis

Cyprus will receive €1 billion from the International Monetary Fund as part of the €10 billion rescue package it agreed late in March with euro(...)

A man walks past a branch of Bank of Cyprus in Nicosia . Photograph: Yorgos Karahalis/Reuters

Russia has ruled out bailing out people or companies that stand to lose money held at Cyprus's two largest banks. "If someone gets stuc(...)

Cyprus is preparing to publish details of the capital controls it will apply to prevent a deposit flight when banks reopen after being shut for(...)

Students take part in an anti-Troika protest outside the Presidencial palace in Nicosia. Photograph: Yannis Behrakis/Reuters

The chairman of Cyprus's biggest commerical bank, the Bank of Cyprus , has submitted his resignation following the bailout deal, a source at th(...)

Cyprus back from the brink
  • Europe
  • March 26, 2013, 06:25

Cypriot voters and their MPs may not be allowed to vote on the bailout package agreed early yesterday, but international investors got to do so(...)