Cyprus has no imminent plans to borrow from international markets because it has covered its financing needs for coming months, the Finance Ministry said on Thursday. The island was responding to a
Greek urban transport ground to a halt on Thursday, as bus and metro drivers went on a 24-hour strike to protest against government plans for the restructuring of the country's loss-making state-run
Greece's unemployment rate hit a new record in October as an austerity programme designed to slash the budget deficit led to more job cuts, impacting more than a third of the workforce
Moody's Investors Service placed Cyprus's Aa3 government bond ratings on review for a possible downgrade, the rating agency said on Thursday. Citing a recent deterioration in fiscal metrics, competitiveness issues and the
Lebanese President Michel Suleiman asked Prime Minister Saad Hariri on Thursday to remain as head of a caretaker administration after the collapse of his 'national unity' government, the national news agency said.
Israel's Delek Group has proposed to Cyprus the creation of a liquefied natural gas (LNG) facility on the island to process reserves Israel has discovered offshore and Cyprus hopes to find nearby,
The government said on Tuesday it would press ahead with plans for gas exploration in the eastern Mediterranean regardless of disputes with Turkey. Cyprus is planning a major push into oil and
President Serzh Sargsyan of Armenia will be in Cyprus on a one-day official visit next Monday and will head the biggest delegation ever to visit the island, accompanied by cabinet ministers and
Inflation accelerated in December according to the EU-harmonised consumer price index (HICP), with prices rising over the year earlier by 1.9%, compared with 1.7% in November. However, this was lower than the
The trade deficit widened in January-November to EUR 4.81 bln, from EUR 4.22 bln in the same period of 2009, according to provisional figures for November. Total exports in January-November reached a
