Eurozone finance ministers had decided to proceed with the inspection of the Cypriot credit system for signs of money laundering

Eurozone finance ministers had decided to proceed with the inspection of the Cypriot credit system for signs of money laundering

Conservative Nicos Anastasiades secured 57.5 percent of the vote in Sunday’s run-off to get elected President of the Republic of Cyprus, beating leftist Stavros Malas.

Conservative Nicos Anastasiades and leftist Stavros Malas will contest a runoff for the Presidency in Cyprus on February 24, after the first round of Sunday proved inconclusive

Cyprus has branded itself as a victim of Greek debt restructuring and said it anticipated solidarity from its EU partners as it struggles to clinch an international bailout.

Outgoing Cypriot president Dimitris Christofias told the public that they will have to make sacrifices in order to avoid the worst.

Cyprus President Dimitris Christofias will visit his French counterpart Francois Hollande in Paris.

Cyprus said on Wednesday it expected talks to start with lenders on badly needed aid next week.

The number of people crossing illegally into Greece via the Evros border has dropped by 84 per cent since the govt launched a crackdown on migrants this summer

Cyprus, the fifth country in the euro area to seek external aid, wants to avert austerity measures that would hinder growth as it negotiates a bailout with international lenders