Greeks appeal to Nicosia lawmakers for return of 300 million euros


Nearly 1,000 Greeks are seeking the return of 300 million euros, which were confiscated from uninsured bank deposits by the Republic of Cyprus in 2013.

Greek depositors delivered a letter to lawmakers in Nicosia on Friday, asking for pressure to be placed on Cypriot President Nikos Anastasiadis to return their money before it goes to international mediation.

In the letter, containing 956 Greek plaintiffs, it was noted that the World Bank’s International Center for Settlement of Investment Disputes (ICSID) has agreed to hear their claim, and will likely rule in their favor.

They further said that in February, the ICSID ruled that they have jurisdiction over Greek claims to recover 300 million euros in bonds and deposits that were confiscated by Cyprus as part of the 2013 financial bailout by European institutions.

The ICSID has announced they will hear the case in November 2021.




By subscribing you accept our Terms of Service and Privacy Policy.


Latest News

Peter Courtis travels to Pearl Harbor for training on US nuclear-powered submarines

Nuclear shift test engineer, Peter Courtis will leave for Pearl Harbor on Saturday to work on US nuclear-powered submarines.

Perth Glory women’s head coach Alex Epakis to depart club

Perth Glory can confirm that its Liberty A-League Head Coach, Alex Epakis, has given notice of his intention to depart the club.

Sydney doctor Peter Alexakis reprimanded for professional misconduct

Peter Alexakis reprimanded with more than a dozen conditions placed on his registration by the NSW Civil and Administrative Tribunal.

Renowned Sydney businessman Kikis Eftimiou OAM passes away

Renowned Sydney businessman Kikis Eftimiou OAM has passed away today at the age of 91. Read his migrant story here.

Mitsotakis to be first Greek PM to visit Cyprus for invasion anniversary

Greece’s Prime Minister, Kyriakos Mitsotakis will attend the 1974 Turkish invasion anniversary in Nicosia, Cyprus on July 20.

You May Also Like

SA Premier Peter Malinauskas introduces Bill for First Nation Voice to Lower House

Premier Peter Malinauskas introduced a bill to enshrine a South Australian First Nations Voice to Parliament.

The Agora: Thousands enjoy Canberra’s new festival celebrating all things Greek

Thousands visited the National Museum of Australia in Canberra on Saturday to attend the first-ever 'Greek cultural festival: The Agora.'

Kytherian Coola Velis becomes Queensland’s newest centenarian

A multi-lingual former florist, Coola Velis, has becomes Queensland's newest centenarian after turning 100 years old today.