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Resignation of Yet Another Cyprus Central Banker? President Anastasiades Mulls Decision

cyprus central bank scandal

(Edited) Will Cyprus see the resignation of a second Central Bank of Cyprus Governor since ex-chief Panicos Demetriades stepped down almost to the day one year ago? President Nicos Anastasiades is mulling the final decision, which is his alone to make, said Government Spokesman Nicos Christodoulides, speaking after a meeting of political party leaders held on Sunday to discuss the recent allegations of corruption and conflict of interest that flew like nails into the island's economic coffin last week.

Corruption Allegations Fly Between Central Bank Governor - Dep. Attorney-General

corruption cyprusAttorney-general Costas Clerides has ordered an independent criminal investigation into corruption allegations from Central Bank Governor Chrystalla Yiorgadjis and board member Stelios Kiliaris, who have accused Deputy Attorney-general Rikkos Erotokritou of accepting a bribe in the form of a 'favour' during a lucrative lawsuit against Laiki Bank with a well-known law firm. The firm in question has rejected the allegations and threatened to sue the Governor for slander.

The lawsuit involved an exchange of deposits for debt.

The whole incident has triggered an emergency meeting of the party leaders called by President Nicos Anastasiades over the weekend.

Overdue Taxes to Be Collected Through Bank Accounts

cyprus taxThe government is set to start collecting back taxes directly from bank accounts after a new law was passed authorising amounts up to 3000 euros and allowing the inland revenue to chase up individuals who refuse or neglect to pay their taxes.

The new system applies to everyone who has fallen behind on their payments, unless they have lodged an outstanding complaint to the Supreme Court or have made an installment payment agreement with the state.

Q&A with Women Leaders Featured at YinAlithea Women's Conference

cyprus newsWomen are constantly in the process of improving their lives, careers, communities and families, and ahead of YinAlithea, a women's conference on March 21st at the Elias Beach Hotel in Limassol, we caught up with many of the 15 speakers who will be present at the event. Tickets can be booked here.

We asked them to answer three questions in fewer than three sentences, to get their concentrated words of wisdom on the status of women's roles in politics, academia, arts, spirituality and a great variety of other topics.

UN Envoy to Visit Cyprus, Meet Leaders In Wake of Boosted Relations with Russia

eide cyprusUN Envoy Espen Barth Eide is due in Cyprus on March 16th for meetings with President Nicos Anastasiades and Turkish-Cypriot leader Dervis Eroglu, in the first round of meetings since the government boosted relations with Russia with new bilateral agreements.

The envoy is hoping to get the leaders back to structured negotiations that will lead to a reunification deal, but so far, the only developments have been that the two sides have found something new to fight about - natural gas in the island's Exclusive Economic Zone (EEZ).

Cyprus Financial Crash Fallout - Ex-Laiki Bank CEO in Dock

vgenopoulosThe findings of a police investigation into the 2013 financial crash in Cyprus have been given to Attorney-general Costas Clerides and charges are expected to be lodged against former top officials in the ex-Laiki bank, which sucked up nine billion euros of the ECB's Emergency Liquidity Assistance (ELA) before going bankrupt.

Complete Dollar Domination - Analyst

forex jameel ahmadWritten by Jameel Ahmad, Chief Market Analyst at FXTM.

It is complete USD domination on the currency markets with the USD continuing to punish the overwhelming majority of its trading partners. The NFP announcing that the United States added another 295,000 jobs to its economy last month just further highlighted the complete divergence in economic sentiment between the United States and most other economies right now. As a result, traders are rushing to the Greenback and pushing the Dollar higher.

Q&A with CyprusNewsReport.com Founders Sarah Fenwick, Pawel Mandalian

sarah fenwickIn 2009, CyprusNewsReport.com (CNR) was launched to fill a gap in the media market, a gap shaped like an independent, quality source of accurate journalism, with an extensive blogging platform for enthusiastic writers.

Sarah Fenwick and Pawel Mandalian founded CNR with a simple vision: to make the media more accessible to writers who need mainstream exposure, and to provide balanced reports on current affairs and breaking news.

What do the founders have to say now that it is 2015? Read on for a quick Q&A with Pawel Mandalian and Sarah Fenwick (pictured above).

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