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Cyprus Economy

'Everybody Here Stands To Lose A Lot Of Money, The Money You Worked For Your Whole Life'

AP | By MENELAOS HADJICOSTIS | Posted 06.09.2013 | Business

NICOSIA, Cyprus (AP) — When Costas Kalapodas was diagnosed with brain cancer two years ago and given months to live, he saw one sure place to put hi...

Cyprus Prison Inmates' Touching Act

AP | MENELAOS HADJICOSTIS | Posted 06.06.2013 | Business

NICOSIA, Cyprus (AP) — With Cyprus' economy falling apart, even those behind prison bars are pulling together to help people in need. ...

Cyprus's Net Big Idea: Casinos?

Reuters | Posted 06.01.2013 | Business

NICOSIA, April 1 (Reuters) - Cyprus plans to lift a ban on casinos and offer firms tax exemptions on profits reinvested on the island under a packag...

'Shame On Europe For Trying To Snatch People's Savings'

AP | By MENELAOS HADJICOSTIS | Posted 05.30.2013 | Business

NICOSIA, Cyprus (AP) — The moment word broke that Cypriot lawmakers in Parliament had voted down a bailout deal that would have raided everyone's sa...

Officials: Cyprus In Danger Of Default

Reuters | Posted 05.24.2013 | Business

* Government has difficult task ahead, spokesman says * Island nearing Monday deadline to seal EU bailout ...