The Cypriot economy will likely contract by 1.1% this year, the central bank said on Thursday as it sharply cut an earlier estimates of zero growth. Greece's sovereign debt writedown and its
The spokesman for Greece's far-right party Golden Dawn threw a glass of water at a female leftist politician and slapped another one in the face on live television on Thursday, causing a
When he took a job as the manager of one of Greece's biggest resorts overlooking a sandy beach near Ancient Olympia, the cradle of the Olympic Games, Michalis Minadakis thought he had
Greece's tourism revenues may plunge up to 15 percent this year, an industry official said, as holidaymakers spooked by concerns the country may leave the euro zone switch to other destinations. Accounting
Unemployment in Cyprus has hit new record high according to figures released Wednesday by the official Statistical Service. The number of unemployed people reached 36,313 at the end of May, in comparison
Cyprus has not submitted any application for European financial assistance, a European Commission spokesman has said, adding that the Commission will not speculate on how close or how far a country may
GDP in Cyprus dropped by 0.3% during the first quarter of 2012 compared with the previous quarter, according to second estimates released Wednesday by Eurostat. GDP remained stable in both the euro
Japanese electronics maker Panasonic Corp has no plan to invest in Olympus Corp , President Fumio Ohtsubo told Reuters on Thursday, contradicting a media report it would invest in the medical equipment
Britain will want to ensure safeguards are in place to protect its financial sector if the euro zone moves towards establishing a banking union, British finance minister George Osborne said on Thursday.
Cyprus is racing to meet an end-June deadline to pump 1.8 billion euros ($2.24 billion) into the second biggest lender – Popular Bank – heavily exposed to Greek bonds – but will
