IMF Managing Director Christine Lagarde has praised the Cyprus authorities for keeping rescue program implementation on track, pointing out that the ongoing fiscal adjustment should be complemented by structural reforms. Lagarde was
Cyprus President Nicos Anastasiades said that his government is about to create the post of deputy minister for shipping, one of six new cabinets posts he had promised a year ago in
DBRS has confirmed the Republic of Ireland’s long-term foreign and local currency issuer ratings at A (low) and changed the trend from ‘negative’ to ‘stable’. The rating agency has also confirmed the
Moody's Investor Service said that Portugal's Ba3 rating with stable outlook is supported by the economy's return to growth, the government's track record on fiscal consolidation and its return to capital markets.
Net deposit outflows from the Cyprus banking system reached 271 million. The figures released yesterday by the Central Bank of Cyprus showed an outflow of €502 million registering the highest decline in
Hundreds of millions of citizens in over 135 countries around the world will join on Saturday evening in the framework of Earth Hour campaign, switching off lights for an hour, at 2030
Economic sentiment indicator in Cyprus continued to improve in March, for the eleventh consecutive month, according to the European Commission. The Commission notes the fact that among the countries under economic adjustment
Cyprus Finance Ministry has eased further restrictive measures imposed since the €10 bailout agreed with the EU/IMF one year ago. A press release issued by the Finance Ministry notes the relaxations of
A resolution proposed by all opposition parties in the Cyprus parliament has called on the government to reject any measures or sanctions at international bodies that would jeopardise the country’s relations with
The Bank of Cyprus announced its audited results for 2013, with losses adjusted upwards from the preliminary figures released a month earlier by €10 mln to €2.05 bln. Despite monumental efforts to
