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IMF finds policy delays in Greece programme

The International Monetary Fund said on Thursday it had found policy delays in a number of areas of the Greek bailout program and was open to ideas on how to reach the

12th July 2012
Business

Deputy CEO takes over as new Bank of Cyprus chief

Bank of Cyprus said on Thursday it had appointed Yiannis Kypri as chief executive following Tuesday’s resignation of Andreas Eliades, the group CEO for the past eight years. Kypri, a chartered accountant

12th July 2012
Cyprus

Troika bailout talks on Cyprus postponed for a week

European and IMF inspectors have postponed a trip to Cyprus next week to discuss the island's bailout request because they need more time, the finance ministry said on Thursday, which means the

12th July 2012
Cyprus

Far-right drive for “Greek” blood bank angers medics

A drive by the far-right Golden Dawn party to get Greeks to donate blood only for their fellow citizens has outraged doctors and medical authorities, who have slammed the initiative as racist

12th July 2012
Cyprus

Jobless hits record in Greece, could rise further

Greek unemployment hit a record 22.5% in April and may keep edging higher, with even the key tourism sector unlikely to provide more than fleeting support over the summer as visitors stay

12th July 2012
Business

Greece to sell only state lottery, building

A delay of a few months in Greece's privatisation drive means the near-bankrupt country will only be able to complete the sale of its state lottery firm and a building in Athens,

12th July 2012
Business

Bank of Cyprus chief quits as gov’t tries to meddle in banks

 * Pressure from CB, Christofias for Sarris to go * Andreas Eliades, the chief executive of the Bank of Cyprus, has resigned after eight years in the job, citing a broad lack

12th July 2012
Cyprus

Greek jobless hits record, may edge higher still

Greek unemployment hit a record 22.5 percent in April and may keep edging higher, with even the key tourism sector unlikely to provide more than fleeting support over the summer as visitors

12th July 2012
Business

Nine dead, four missing in French Alps avalanche

Nine mountain climbers were killed in an avalanche near Chamonix in the French Alps on Thursday and rescue workers were searching for four others still missing, authorities said. The most deadly avalanche

12th July 2012
Business

Cyprus FinMin appoints new members to the Board of Popular Bank

Finance Minister Vassos Shiarly has proceeded on Thursday to the appointment of Nicos Hadjinicolaou and Panicos Poutziouris to the Board of Directors of the Cyprus Popular Bank. “Cyprus Popular Bank announces the

12th July 2012
Cyprus
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