Cyprus has made preliminary plans to take up to 10 bln euros from international creditors to recapitalise the island's struggling banks, its central bank governor said on Friday. Cyprus is now awaiting
Finance Minister Wolfgang Schaeuble urged German lawmakers on Friday to approve the latest bailout for Greece despite their growing unease about the cost to taxpayers less than a year before federal elections.
Cyprus could agree to a bailout deal with euro zone finance ministers by mid-December and get a first tranche of funds to shore up its banks by the end of January, its
One of the gas turbines with an output capacity of 75 megawatts is ready for operation once the whole Unit 4 at Vassiliko power station is up and running, some time before
Laiki Popular Bank reported nine-month losses of 1.67 bln euros, compared to a loss of 292 mln in the same period last year, due mainly to a 350% increase in provisions to
Deposits in the Cyprus banking system in October saw “a slight decrease” of about 400 mln euros, according to data released by the Central Bank of Cyprus. The central bank said that
Asian shares touched their highest levels in more than three weeks and commodities rose on Thursday as sentiment improved after a senior U.S. lawmaker said he was "optimistic" on reaching a budget
The foreign minister of neighbouring Greece boycotted festivities on Wednesday marking 100 years of Albania's independence after its prime minister hailed a town over the border as "Albanian lands". Reflecting the delicate
Bank of Cyprus posted a nine-month loss after tax of 211 mln euros on Wednesday after including an impairment in the value of Greek bonds held and on higher provisions for non-performing
A Greek firm has refused to refuel an Iranian-owned tanker flying the Tanzanian flag, the company said on Wednesday, in one of the first such cases to show European sanctions are taking
