Greek tourism revenues drop nearly 25%

Greece's tourism receipts have dropped by nearly a quarter in the past two years, central bank data showed on Wednesday, with strikes and violent protests dragging down a key sector already hit

Cyprus banks tighten lending criteria

Cypriot Banks have tightened the criteria for granting loans to businesses and households in the second quarter of 2010, in comparison with the first quarter of the year, according to the Bank

Greece’s NBG ups stake in Stopanska Banka

Greece's largest lender National Bank raised its 75% stake in Macedonia's Stopanska Banka on Tuesday, buying an additional 20% on the Skopje stock exchange, an NBG official said. "The additional shares were

Ryanair to launch flights to Cyprus

After many weeks of intense negotiations, Irish low cost airline Ryanair has agreed to include Larnaca in its destinations. The decision was taken on Monday evening and Hermes Airports has already been

China reduces US Treasury holdings in June

 China reduced its holdings of U.S. Treasury debt for a second straight month in June while the holdings of Japan and Britain rose. China's holdings fell by $24 billion to $843.7 billion,

Conference of Cypriots abroad opens next week

 Cypriots, living abroad, will gather here next week to discuss the latest developments in the Cyprus problem and be briefed on the issue by the island’s political and religious leadership. The 23rd