Posts by tag: apology

Archives March 28, 2013 posted by

World’s first bitcoin ATM in Cyprus?


AN ENTREPRENEUR has announced he is keen to introduce in Cyprus the world’s first ATM for virtual currency, bitcoin, which is not regulated by a central bank but has instead been growing via its online peer-to-peer community. 

Jeff Berwick, founder of and CEO of TDV Media said on his blog on that he plans to set up the world’s first Bitcoin ATM in Cyprus to enable people to deposit flat currency into it and get bitcoins in their account, as well as put bitcoins in their account and get flat currency back. 

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Archives June 20, 2012 posted by

Family and friends kept me going, says Cypriot Everest champ

THE FIRST Cypriot to reach the summit of Mount Everest said his first thought on reaching the top was getting back safely for the birth of his child.

 “Once I set foot on the top the urge to get back safely was intense so I could be back for the birth of my son,” said Giorgos Andreou. 

Andreou was speaking at a news conference yesterday on the expedition, which also marked exactly one month since he reached the top on May 19.

The other thing that kept him going were letters written by people close to him, which he carried in his backpack. He said he enjoyed the trip despite obvious difficulties.

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Archives July 16, 2011 posted by

Cyprus banks pass EU stress test

CYPRUS’ three main banks, Bank of Cyprus (BoC), Marfin Laiki and Hellenic Bank yesterday passed the EU-wide bank stress tests coordinated by the European Banking Authority (EBA) in collaboration with the European Central Bank (ECB).

Reuters reported that eight European banks failed a test of their ability to withstand a prolonged recession which did not build in the impact of a Greek default, the EBA said.

The watchdog’s “stress test”, which made 90 lenders reveal for the first time their profit forecasts, a breakdown of their sovereign bond holdings and funding costs, showed the failed banks would need €2.5 billion in fresh capital, way below what most analysts had expected.

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