The sale of Cypriot banks’ Greek operations to Greece’s Piraeus Bank was a political decision, the Central Bank chief said yesterday.

Land registry employees are putting in extra hours without pay to reassess property values as part of the island bailout deal.

The health ministry is looking to buy services from private doctors to reduce long waiting lists in the state sector.

The Council of Ministers of Cyprus has appointed three members to the Central Bank’s Board of Directors.

The resolution procedure at the Bank of Cyprus is expected to end by the end of July, the House of Representatives’ Finance Committee heard this week.

The UK government is examining ways to mitigate the impact of the Cyprus banking crisis on small and medium-sized enterprises and individual former customers of Laiki UK, Financial Secretary to the Treasury Greg Clark has stated in a letter to north London MPs.

CBC criticises press coverage of summary paper prepared for the Troika on Moneyval and Deloitte reports on the recent anti-money laundering audit carried out in Cyprus.

Cyprus has agreed to proceed with an in depth assessment of the effective implementation of Customer Due Diligence (CDD) requirements in the Cyprus banks, through relevant evaluations by MONEYVAL and Deloitte Italy.

President Nicos Anastasiades has asked the European Union to provide additional funding to help Cyprus get out of the mess it’s in.

Bankers yesterday criticised as unfair a deal to sell the Greek operations of the island’s banks as part of a €10 billion bailout deal Cyprus signed with international lenders.