Fitch Ratings has downgraded Cyprus`s long-term foreign currency Issuer Default Rating (IDR) to `B-` from `B` with a Negative Outlook, and the local currency IDR to `CCC` from `B`. The Rating Watch Negative (RWN) on both ratings has been removed. The Short-term foreign currency IDR and the Country Ceiling have been affirmed at `B`. According

Cyprus international lenders (ECB, IMF, EC) have raised objections in connection with the Parliament`s intention to amend the law on the resolution of credit institutions in a way that the Central Bank of Cyprus and the Ministry of Finance make up the Resolution Authority. In its reply to a letter from the Central Bank, the

Relations between Cyprus and Greece in the field of defense and security, as well as defense cooperation, were discussed during a meeting held Monday in Nicosia between Defense Minister Fotis Fotiou and Chief of the General Staff of National Defence of Greece, General Michalis Kostarakos. In statements after the meeting, the Minister expressed Cyprus’ gratitude

The 29th Congress of the International Coordinating Committee "Justice for Cyprus" (PSEKA) begins on Tuesday in Washington, in the light of the crucial period Cyprus is going through. During the three-day works of the Congress, about 100 delegates from the United States, Canada and the United Kingdom will have the opportunity to meet with US

The worst floods to hit the Czech Republic in a decade forced the evacuation of almost 2,700 people from low-lying areas while the rising water threatened Prague's historic centre, forced school closures and disrupted public transport. Czech police said at least five people had died in the flooding. Firefighters evacuated homes in western regions and

Turkish Prime Minister Tayyip Erdogan called for calm on Monday, after a weekend of fierce anti-government protests, urging people not to be provoked by demonstrations he said had been organised by "extremist elements". "Be calm, relax, all this will be overcome," Erdogan told a news conference at Istanbul airport before his planned departure on an

A man was murdered in Russia because he was gay, investigators said on Monday, the second such killing in less than a month, and activists fear homophobic violence is being fuelled by President Vladimir Putin's conservative agenda. Three men in a village on the Kamchatka peninsula on Russia's eastern coast stabbed and trampled the victim