Janus of Cyprus for help from the forces in Europe: the Genoese were his enemies, and the Venetians and others did not want to destroy commercial relations with the sultan. Following the Battle of Chirokitia (7 July 1426) against the Mamluks, King Janus was captured by the Egyptian forces. He was ransomed after ten months of captivity in Cairo. During his captivity his brother Hugh of Lusignan, Archbishop of Nicosia, took charge of Cyprus. After their victory the Mamluks pillaged Larnaca again and then the capital of Cyprus, Nicosia. The royal family retreated to fortified Kyrenia and were rescued. The invaders took a
Economy of Cyprus Shiarly, stated that the European Central Bank, European commission and IMF officials are to carry out an in-depth investigation into Cyprus' economy and banking sector to assess the level of funding it requires. The Ministry of Finance rejected the possibility that Cyprus would be forced to undergo the sweeping austerity measures that have caused turbulence in Greece, but admitted that there would be "some negative repercussion". In November 2012 international lenders negotiating a bailout with the Cypriot government have agreed on a key capital ratio for banks and a system for the sector's supervision. Both commercial banks and cooperatives will