Government Spokesman Stephanos Stephanou said on Saturday that the government aims at finding a strategic investor for Cyprus Airways, the island’s national air carrier. Asked whether the government would sell the majority
EU leaders will sign off on a permanent rescue fund for the euro zone at a summit on Monday and are expected to agree on a balanced budget rule in national legislation,
The euro came off six-week highs against the dollar on Monday as investors took profits made on its strongest weekly rally in more than three months and cautiously awaited a debt swap
Brent crude edged down on Monday as investors cautiously eyed a European Union summit for a resolution to the region's debt crisis, but prices stayed above $111 per barrel on concerns over
Prime Minister Lucas Papademos sought backing on Sunday from leading Greek party leaders for painful and unpopular reforms that the near-bankrupt country must negotiate now that a long-awaited debt relief deal seems
Fitch downgraded the sovereign credit ratings of Belgium, Cyprus, Italy, Slovenia and Spain on Friday, indicating there was a 1-in-2 chance of further cuts in the next two years. In a statement,
Greece and its private creditors worked on stitching together the final bits of a complex debt swap agreement on Saturday, amid growing optimism a deal will be clinched in time to avert
Germany is pushing for Greece to relinquish control over its budget policy to European institutions as part of discussions over a second rescue package, a European source told Reuters on Friday. “There
The Minister of Commerce, Industry and Tourism Praxoula Antoniadou and the Chairman of the Cyprus Chamber of Commerce and Industry Fedias Pelides stressed the great prospects for further strengthening business relations between
The European Union and IMF want Greece to push through more budget cuts and implement a series of long-agreed austerity reforms before they agree on a new bailout the country needs to
