Cypriot President Nicos Anastasiades said on Friday the island’s bank
crisis had been "contained" following a tough bailout deal with the EU. “We have no intention of leaving the euro,” media quoted Anastasiades as saying in Nicosia. “In no way will we experiment with the future of our country,” the president added.
Cypriot central bank has announced that all domestic debit and credit card transactions are now unrestricted. On Thursday, Cyprus reopened the country’s banks following a 12-day shutdown, but imposed a 300-euro limit on all cash withdrawals. The Cyprus Stock Exchange extended its almost two-week shutdown, and will remain closed until April 1. The measures were introduced to deal with the worsening financial crisis in the country.
Cyprus Telecommunications Authority ‘Cyta’ will be offering free national calls to subscribers, both fixed line and mobile, for the month of April, said the company. Cyta added that it would not be disconnecting any of its subscribers who have not been able to settle their bills following the two week closure of the banks. The organization will review this decision on April 15 in light of the situation at the time. This measure is intended to help ease the blow from the economic crisis on the island.
Big depositors in lender the Bank of Cyprus are to receive shares in the bank worth 37.5 percent of their deposits over 100,000 euros, a source told media. The other depositors may never be paid back. 22.5 percent of deposits over the same amount will attract no interest and the 40 percent remaining will continue to attract interest. These conditions come in the wake of a banking crisis is Cyprus and are expected to be announced on Saturday. media agencies
Cypriot central bank has announced that all domestic debit and credit card transactions are now unrestricted. On Thursday, Cyprus reopened the country’s banks following a 12-day shutdown, but imposed a 300-euro limit on all cash withdrawals. The Cyprus Stock Exchange extended its almost two-week shutdown, and will remain closed until April 1. The measures were introduced to deal with the worsening financial crisis in the country.
Cyprus Telecommunications Authority ‘Cyta’ will be offering free national calls to subscribers, both fixed line and mobile, for the month of April, said the company. Cyta added that it would not be disconnecting any of its subscribers who have not been able to settle their bills following the two week closure of the banks. The organization will review this decision on April 15 in light of the situation at the time. This measure is intended to help ease the blow from the economic crisis on the island.
Big depositors in lender the Bank of Cyprus are to receive shares in the bank worth 37.5 percent of their deposits over 100,000 euros, a source told media. The other depositors may never be paid back. 22.5 percent of deposits over the same amount will attract no interest and the 40 percent remaining will continue to attract interest. These conditions come in the wake of a banking crisis is Cyprus and are expected to be announced on Saturday. media agencies
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