Yesterday, the Bank of Cyprus stated that it will downsize its EBC funding dependency by €0.95 billion, as a result of a government bond repayment portion.

Cypriot Government Spokesman Nikos Christodoulides has confirmed his administration's dedication to a comprehensive investigation, concerning all instances that may have added to the demise of the island's economy.

The Cypriot Labor Ministry has brought forth a bill requesting the relocation of 170 million euros in pension accounts to the social security fund, to assist in increasing unemployment allocations.