Cyprus Government to establish Financing Corporation

Cyprus government is focusing on establishing a private financing corporation in a bid to process and divert financial assistance from foreign national and international financing organisations to cash-strapped small and medium-sized enterprises,

Troika delegation continues meetings in Cyprus

The Troika delegation, which is visiting Cyprus, continues its meetings Wednesday in Nicosia, in the framework of the fourth assessment of the Cyprus economic adjustment program. The Troika delegation will meet with

Russia is beefing up its Black Sea fleet

Russia will beef up its Black Sea fleet this year with new submarines and warships, Defence Minister Sergei Shoigu was quoted as saying on Tuesday, following the annexation of the Crimean peninsula.

Cyprus case was extraordinary, says Trichet

The case of Cyprus has been absolutely extraordinary said Jean Claude Trichet, former President of the European Central Bank, commenting on the decisions taken to face the economic crisis the country is