Turkey's new foreign minister said on Wednesday that Ankara would push for settlement in divided Cyprus, where Turkish Cypriots recently elected a government backing a two-state arrangement anathema to Greek Cypriots. In
The banking sector in Cyprus remains healthy with local banks maintaining adequate liquidity and capital, and thus do not need capital injections or state aid from the government, Central Bank Governor Athanasios
The legislation guaranteeing bank deposits up to EUR 100,000 has cleared the last hurdle and after approval by the Cyprus Cabinet this week will be tabled before parliament for urgent passage. Under
The Boston Globe's biggest union reached a tentative accord early on Wednesday with owner New York Times Co to secure the money-losing newspaper's survival after a month of intense negotiations. The Boston
Turkish Cypriots spent EUR 5.1 mln using credit and debit cards in the southern part of Cyprus during the first three months of the year, according to data from the credit card
Credit card spending fell in the first four months of 2009 according to data from the credit card company JCC. Local plastic card use by Cyprus residents fell by 1% to EUR
Bank of Cyprus is leading a major a recovery in Cyprus stocks, pushing the CSE index to an 18-week high, with analysts baffled at why Cyprus banking shares are racing higher at
The U.S. economy will begin to turn up later this year provided the financial sector continues to mend, although unemployment will remain high for a while, Federal Reserve Chairman Ben Bernanke said
President of the Republic of Cyprus Demetris Christofias leaves for Qatar Tuesday afternoon for an official visit, heading a multi-member delegation. Accompanied by First Lady Elsi Christofia, the President will be chairing
Hellenic Bank Public Company Ltd announces that it secured a license for the conduct of banking operations in Russia, which has been issued by the Central Bank of Russia. The licence was
