Cyprus is examining the possibility to request financial assistance from the EFSF only for banking recapitalization, Cyprus Central Bank Governor Panicos Demetriades has said. "Delicate handlings are being made by the government
Cypriot Minister of Finance Vassos Sharly refrained from elaborating as to when the government will take its decisions with a view to securing financial assistance to recapitalizing its banking sector, noting that
Cyprus is looking to Europe, Russia and China for the best possible bailout terms, officials said on Wednesday, and could seek as much as 4 billion euros ($5 billion), or more than
Like many Greek tycoons these days, Andreas Vgenopoulos is in trouble. The self-made businessman built one of Greece's leading corporate empires over the past two decades. Among its jewels was a major
Europe may need to sacrifice Greece's membership of its single currency bloc in order to convince Germany to put in more money to save the euro, Britain's finance minister George Osborne suggested
Apple Inc has spent nearly three years fighting its rivals in a global smartphone patent war. Now, setbacks in two key U.S. court cases are laying bare why a drawn-out battle could
Government Spokesman Stephanos Stephanou has made it clear that no decision has been made about Cyprus’ admission to the European Support Mechanism nor any investigation of intent has been conducted concerning this
Finance Minister Vassos Shiarly has said that the economy of Cyprus has proven its ability to successfully meet the challenges, as evidenced by its performance during the current tough economic conditions. Addressing
Italian police said on Wednesday they were arresting members of an anarchist organisation suspected of carrying out a string of recent attacks, including sending letter bombs to the tax collection agency Equitalia
Cash-strapped Cyprus has shifted its focus onto a bilateral loan instead of an EU bailout to recapitalise its second largest bank although both options are still open, media reported on Wednesday. The
