Turkish drilling ship Yavuz: set to start work off the  coast of Cyprus within the country’s exclusive economic zone, in violation of international law. Photograph: Bulent Kilic/AFP

Turkey is set to deploy a fourth ship to explore for gas and oil off the coast of Cyprus in defiance of EU sanctions imposed to end Ankara’s illegal o(...)

Turkey’s foreign minister Mevlut Cavusoglu and Turkish-Cypriot leader Mustafa Akinci: “Afrika” paper’s prosecution  demonstrates Ankara is determined to export to northern Cyprus its mainland crackdown on dissent. Photograph: Petros Karadjias/AP

The European Commission and the Organisation for Security and Co-operation in Europe have called for respect for freedom of expression in northern Cyp(...)

Turkey’s prime minister Ahmet Davutoglu. “The Barbaros ship will continue to do its seismic studies . .  nobody should try to create a crisis.” Photograph: Kerem Uzel/Bloomberg

Cyprus’s president Nikos Anastasiades is to raise Turkey’s incursion into the island’s maritime exclusion zone at today’s European Council summit in B(...)

A man walks past a closed branch of the Bank of Cyprus in Nicosia. Photograph: Angelos Tzortzinis/The New York Times

International lenders concluded a fifth review of Cyprus’s economy today, saying the island was making “relatively good progress” after a bailout last(...)

Europe has demanded that large depositors in the country’s two largest banks — Bank of Cyprus and Laiki Bank — accept across-the-board losses in order to pay for the €16 billion bailout. Photograph:  Bogdan Cristel/Reuters

Large depositors at Cyprus’s largest bank may be forced to accept losses of up to 60 per cent, far more than initially feared under the Europea(...)

People queue up to make a transaction at an ATM outside a branch of Laiki Bank in Nicosia, Cyprus today. Photograph: Yannis Behrakis/Reuters.

Cyprus looks close to agreeing a new proposal to radically restructure its banking sector in a desperate effort to avoid default and financial (...)

A man withdraws money from an automatic teller machine at a branch of Bank of Cyprus. A euro zone proposal would see Cyprus receive a bailout worth ¤10 billion but it has demanded depositors in its banks forfeit some money to stave off bankruptcy. Photograph: Reuters

Cyprus has postponed its parliamentary vote on a bank deposits levy until tomorrow.  Yiannakis Omirou, the speaker of parliament, said the(...)