Cyprus plans to legislate against usury after an apparent spike in cases of people struggling with costly debt from loan sharks profiteering during the financial downturn. Although there is no hard data,
After three years of decline, the European Union unemployment rate started to rise in the first quarter of 2008, in the wake of the world economic crisis. Since then the unemployment rate,
Bank of Cyprus, the largest lender on the island, has announced a series of decisions regarding interest rates, which are expected to benefit a large number of existing and new consumers. According
The Chairman of the Cyprus Employers and Industrialists Federation (OEV) Andreas Pittas expressed the Federation’s concern regarding the course of the local economy, saying that according to the International Monetary Fund, Cyprus’
An Aspis Bank extraordinary general shareholders’ meeting on Thursday approved a board plan to raise 120 million euros through a share capital increase plan. The meeting approved unanimously to reduce the bank’s
The Greek government on Thursday unveiled a 250-mln-euro program aimed at offering financial support to some categories of professionals for investment on technological equipment. Under a plan, unveiled by the Economy and
Greek stocks ended higher at the Athens Stock Exchange on Thursday, pushing the composite index of the market closer to the 2,300 level. The index ended 1.07 pct up at 2,295.26 points,
Britain urged Greece on Thursday to ban organised "bar-hopping" tours and clamp down on doctored drinks to help stop young British tourists getting into alcohol-related trouble, officials said. British holidaymakers account for
Asian stocks hit a fresh 10-month peak on Friday, with Hong Kong vaulting back to levels last seen before the collapse of Lehman Brothers as investors rushed into equities following upbeat corporate
The new pandemic H1N1 is causing a "brisk" flu season in the Southern Hemisphere but so far no worse than a moderate influenza pandemic, health officials said on Thursday. They were speaking
