In 2013, Cyprus faced a severe financial crisis, requiring EU funds, new taxes on deposits, and a bailout demanded by the Troika.

The entities involved

• Cyprus →

  country in the Mediterranean Sea

  • Leaders from Greece, Egypt, and Cyprus are meeting to advance cooperation on natural gas and energy matters through a Trilateral cooperation mechanism.Mon 17:18
  • IMF previously warned Cyprus regarding its fiscal policy, and Eni operates petrol stations in Italy.Mon 16:23
• Troika →

  Bosnian political alliance

  Nothing else this week.

• European Central Bank →

  central bank of the European Union and the eurozone

  • The European Central Bank is forced to raise interest rates due to energy price shocks from the Iran war and an influx of Chinese exports.Mon 17:49
  • ECB has established swap line arrangements with central banks, with the ECB President leading central bank operations.Mon 17:35

Related events

• ECB compares US and euro area household investment while warning that Cyprus faces investment challenges, alongside the CBC governor discussing financial literacy in Cyprus.Sep 20
• Cyprus seeks EU funding for agricultural development to combat water scarcity, climate change, and rising costs.Jul 5
• The European Commission insists on seizing Russian assets for Ukraine, leading to fears of deposit confiscation.Aug 30
• Cyprus banking system aligned with EU average standards.Sep 20
• The Cyprus Securities and Exchange Commission regulates financial markets within Cyprus under the framework of EU financial policy.Jun 17