Greece could return to debt markets to test the water in the second half of 2014 if his country returns to growth in the first half of next year and manages a primary surplus, its finance minister said in a German media interview out on Monday. "That would be a great success which would allow
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Asian stocks rose and gold hit a near three-month high on Monday, extending a move started late last week when a steep drop in U.S. new home sales tempered expectations the Federal Reserve will soon reduce stimulus. Trading was subdued, particularly in the currency markets, as investors awaited fresh offshore leads amid a lack of
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German Chancellor Angela Merkel sought to reassure voters on Sunday that Greece would not need a debt writedown but left open the option of more aid for Athens as she struggled to contain a dispute which could hurt her in next month's election. Finance Minister Wolfgang Schaeuble provoked a storm last week when he told
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Greece can achieve a primary budget surplus this year and growth in 2014 if it sticks to economic reforms, but a return to bond markets will be challenging, European Central Bank Executive Board member Joerg Asmussen told Sunday's To Vima newspaper. Asmussen was in Athens last week to meet senior government officials and take stock
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With the witnesses appearing before the judicial panel investigating the demise of the Cyprus economy nearing an end, former centralbanker Athanasios Orphanides said on Friday that the present situation is worse than in 1974, when Turkey invaded and occupied the north of the island, destroying the economy. The former Central Bank of Cyprus Governor said
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The Attorney General of Cyprus will decide how to deal with the former President of the Republic who stormed out of a judicial inquiry investigating the downfall of the Cyprus economy. Ex President Demetris Christofias, on who’s watch the services-based economy and the banking sector collapsed due to poor administration, lack of oversight and a
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The developments in the Cyprus offshore Exclusive Economic Zone and the involvement of the American Noble Energy Group in oil and gas exploration present great opportunities and potentials for the island, the organisations of overseas Cypriots, POMAK, PSEKA and NEPOMAK, have pointed out. They also stressed the importance of the further enhancement of relations with the
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Andreas Papaevripides has been elected as the new President of the World Federation of Overseas Cypriots (POMAK), at an election procedure that took place within the framework of the annual conference of representatives of overseas Greek and Cypriot organisations. Papaevripides was elected securing 42 votes. Peter Drousiotis, President of the National Federation of Cypriots in
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Expenditure deductions in the 2014 state budget will reach 700 mln in an attempt to reduce the public sector deficit to 0.5 bln euros, Finance Minister Haris Georgiades said on Thursday. Speaking at the 17th annual conference of Overseas Greek and Cypriot Organisations, the Minister said that the government seeks to reduce the 2014 state
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The Cyprus Minister of Agriculture, Natural Resources and Environment, Nicos Kouyialis, will pay a two-day visit to Israel on 25 and 26 August within the framework of the Memorandum of Understanding between Cyprus, Greece and Israel, signed on 8 August, for cooperation in the sectors of energy and water resources. The Memorandum is of immense political
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