Cyprus
Cyprus's Orphanides prioritises euro entry
The newly-appointed governor of the Central Bank of Cyprus, Athanasios Orphanides, has told the country's parliament that overseeing a smooth introduction to the euro in January is the central bank's number one priority.
Malta and Cyprus looking for euro thumbs up
According to this article published by the Times of Malta on Sunday 13 May, Malta and Cyprus will this week get the go ahead to join the euro next year.
Christodoulou leaves Cyprus in better shape
According to this article from the Financial Mirror, published Wednesday 2 May, Christodoulos Christodoulou, the outgoing governor of the Central Bank of Cyprus, will be remembered for more than getting banks into shape, he also shored up confidence in…
ECB member positive on low eurozone inflation
ECB Executive Board member Gertrude Tumpel-Gugerell said in an interview with Viennese daily Der Kurier that Europe's growth prospects remained "very positive" and eurozone inflation will probably stay below 2% this year.
Cyprus championing corporate governance
This comment piece from the Financial Mirror looks at the two day conference in Nicosia, which brought together 130 delegates top discuss corporate governance issues.
Report says new governor in Cyprus
The Financial Mirror in Cyprus reported that Athanasios Orphanides was appointed the new governor of the Central Bank of Cyprus on Friday 13 April.
New Cyprus cb governor may be named soon
The new Cyprus central bank governor will probably be named in the next 10 days, finance minister Michalis Sarris said on Thursday 5 April on the sidelines of a press conference on euro awareness.
Cyprus cb governor's comments
According to an article the Cyprus Mail published this week, recent comments by the governor of the Central Bank of Cyprus are unprofessional and undermine the credibility of the institution.
Malta may apply for euro accession in March
Malta will file its formal request for accession to the eurozone in the first two weeks of March, The Times of Malta reported Wednesday 14 February.
Cyprus makes request to join eurozone, says EU
The European Commission has received an application from Cyprus to join the euro zone, spokeswoman Amelia Torres said Tuesday 13 February.
ECB issues warning to euro hopefuls
Some of the new members of the European Union lining up to adopt the euro will likely have to wait until the end of the decade, the European Central Bank said Tuesday 5 December.
Gonzalez-Paramo: fixed FX will help Cyprus
Jose Manuel Gonzalez-Paramo, member of the executive board of the ECB, said at a recent conference that Cyprus' experience of adjustment under fixed exchange rate regimes would help the country in its goal of adopting the euro.
EU's Almunia says Cyprus, Malta meet euro criteria
EU economic and monetary affairs commissioner Joaquin Almunia said Monday 6 November after the publication of a report that Cyprus and Malta will be ready to join the eurozone by 2008.
Financial integration of new EU Member States
The ECB Working Paper "Financial integration of new EU Member States" assesses the degree of financial integration for a selected number of new EU member states between themselves and with the euro zone.
Central Bank of Cyprus - Annual Report 2005
According to the Central Bank of Cyprus's Annual Report 2005, real GDP grew by 3,8% in 2005 compared with 3,9% in the previous year.
Central Bank of Cyprus - Annual Report 2004
According to the Central Bank of Cyprus's Annual Report 2004, the acceleration in economic activity, particularly domestic demand, led to a current account deficit of 5.8% of GDP in 2004 compared with 3% of GDP in the previous year.
Cyprus-Armenia sign central bank MOU
The central banks of Cyprus and Armenia on Thursday 13 April signed a memorandum of understanding (MOU) to boost cooperation in the banking sector.
Third Euro-Mediterranean central bank seminar
The third Euro-Mediterranean seminar, which brings together Eurosystem and non-euro area Mediterranean central banks, was jointly organised by the Bank of Greece and the European Central Bank and held in Nafplion on 25 January.
Shadow on the Euro
An article published this week notes that five months after central banks talked of increasing their euro reserves at the expense of the dollar, the speculation now is about how long the euro will last. With its credibility in danger the article asks…
Cyprus and Russia sign money laundering accord
The Cypriot Unit for Combating Money Laundering (MOKAS) has signed a cooperation agreement with the corresponding unit from the Russian Federation on international cooperation against money laundering and combating the financing of terrorism.
Cyprus to decide on ERM by year end
Cyprus will decide by the end of the year on the timing of its application to join the European exchange rate mechanism (ERM2), according to Finance Minister Makis Keravnos.
Convergence report
Wayward deficits in the larger economies have forced a retreat from earlier dates for joining the euro. Analysis of central bank strategies, speeches and statistics suggest that Slovenia, Cyprus and the Baltic states will vie to be the first in.
Unpopular measures needed for Cyprus euro adoption
Cyprus Central Bank Governor Christodoulos Christodoulou said Tuesday the government must take "unpopular" measures to reign in public spending to achieve its target of adopting the euro in 2007.
Cyprus c bank to lift exchange rate restrictions
The Central Bank of Cyprus has said it will lift, with immediate effect, certain exchange restrictions earlier than the deadline agreed on with the EU., according to the Cyprus News Agency. The restrictions lifted concern current international exchanges,…