Iran on May 9 recalled its ambassador to Cyprus for consultations, Cypriot Foreign Minister Ioannis Kasoulides said, Reuters reported.

Cyprus' parliament has approved a 10 billion euro ($13 billion) bailout from the European Union and the International Monetary Fund, BBC reported April 30.

Cyprus will ease its citizenship rules for foreign investors who lost 3 million euros (about $4 million) as a result of Cyprus' recent bailout deal, meaning some Russians could now get EU passports, Famagusta Gazette reported April 15, citing Cypriot President Nicos Anastasiades.

The Central Bank of Cyprus on April 11 denied reports of an imminent sale of gold reserves, Xinhua reported, citing a statement by a Central Bank spokeswoman.

The International Monetary Fund will contribute 1 billion euros ($1.28 billion) over three years to Cyprus' 10 billion euro bailout, IMF head Christine Lagarde said April 3, Reuters reported.

Cypriot Finance Minister Michalis Sarris resigned April 1 after an investigation into the country's economic difficulties was ordered, the government said, AP reported April 2.

All of Cypriot banks' foreign branches eventually will be sold, Cypriot Finance Minister Michalis Sarris said March 30, Voice of Russia reported March 31.

Cyprus has no intention of abandoning the euro, Cypriot President Nicos Anastasiades said March 29, the BBC reported.

Banks in Cyprus were set to open again March 28 as temporary capital controls were introduced, Cyprus Mail reported.

Cypriot banks will reopen March 28 for the first time in almost two weeks, The New York Times reported March 27.