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 Makis Keravnos told a media briefing last week. “Our liquidity is very high with a loans-to-deposits ration of 67% and in accordance with

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 Nicosia on December 5. The theme of the event is “How the Strategic Interests of the European Union are being recalibrated by two

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 Danae Stylianou and Rahme Veziroglou (made the film "Sharing An Island" and will produce a bi-communal TV series and production company), Harris Galazis

 * 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 at a disappointing 3 to 9 trillion cubic feet, at best, below the 10 Tcf initially estimated by government officials. In a statement

The leader of Greece's conservatives, reluctant partners in a unity government, signalled on Thursday his main focus was on winning the elections in February and reversing policies prescribed under an emergency bailout. Antonis Samaras has infuriated Greece's EU peers by refusing to back austerity measures aimed at averting national bankruptcy, and he said he would

Registrations of motor vehicles fell over the year earlier by 16.5% in October, to 2,904, from 3,477 in October 2010. For the first ten years as a whole, registrations dropped by 17.4% to 30,977 from 37,500 in January – October 2010. Registrations of private saloon cars fell in the same period by 16% to 22,263 from

Luxembourg's Foreign Minister Jean Asselborn warned on Thursday against rushing into changing European Union treaties, saying such a move could be very difficult to implement and that euro zone leaders should rather focus on stabilising their currency. "You have to be very, very careful with big treaty changes. It's not a walk in the park,"