Greece's 2012 budget plan will forecast a budget deficit of 5.4% of GDP if a planned debt swap to reduce the country's debt maintenance costs goes ahead, state radio reported on Friday,
Spain and France struggled with government bond auctions on Thursday, throwing into sharp relief the threat of larger euro zone economies succumbing to the debt crisis that began in Greece and is
Greece has 60 bln euros ($80 bln) in unpaid taxes because of tax avoidance and lack of compliance, a report by the European Commission's task force on Greece said on Thursday. The
. Shavasb Bohdjalian Bank of Cyprus, the island’s largest lender announced another capital raising plan aimed at boosting up its capital in order to be able to withstand a larger haircut on
. By Dr. Andrestinos N. Papadopoulos, Ambassador a.h. The visit to Cyprus of the Israeli President Shimon Peres (2-4 November 2011) has been characterised as historic. The praise is richly deserved, as
. The government seems to be undecided over whether it wants to boost development and growth (and collect more taxes) or if it would rather deter spending in the economy and slow
Hellenic Bank has had a significant lower exposure to Greek government bonds and already proceeded to exercise a 21% haircut on its holdings of 110 mln euros in July, the bank’s CEO
Dr Bernard Kouchner, former Foreign and European Affairs Minister of France, will be the keynote speaker at the Harvard University Alumni Association inaugural event at the Bank of Cyprus Head Office in
Sir Stelios Haji-Ioannou, founder of easyJet and serial entrepreneur, presented five pairs of entrepreneurs with EUR 50,000 each for their work in promoting business cooperation between the two communities. The winners are
* Noble says 3-9 Tcf, not “more than 10 tcf” * Block 12 may not hold as much natural gas deposits as some led us to believe, with Noble Energy’s initial estimates
