EU welcomes Turkey referendum victory

The EU's enlargement chief welcomed Sunday's approval of constitutional reforms in a referendum in Turkey as a "step in the right direction" in its efforts to join the bloc, but pressed Ankara

Cyprus Q2 growth GDP revised up to 0.5%

Real GDP growth in the second quarter was revised up slightly to 0.5% over the year earlier according to full data published on Wednesday. The previous flash estimate had reported a decline

Cyprus govt to go ahead with airlines’ merger

 — New joint chairman “in a few days” — The government is going ahead with plans to merge the island’s two ailing airlines, state-controlled Cyprus Airways and state-owned charter operator Eurocypria, with

Cyprus usbbank moves to BLC of Lebanon

 — Investors take control in deal worth €36 mln — BLC Bank, one of the oldest financial institutions in Lebanon with 35 branches across the country, is expected to buy all the

Greek bank stocks plunge 5.2%, NBG weighs

Greek bank stocks were shedding more than 5% just after opening on Wednesday, underperforming the broader Greek market, as a sharp drop by National Bank (NBG) shares weighed on the benchmark index.

Inflation climbs to 3.2% in August

Year on year inflation climbed in August, with prices rising by 3.2% over the year earlier compared with 2.6% in July. Compared with the previous month, prices increased by 0.82%. The Statistical