Fitch rating on Hellenic Bank

Fitch Ratings affirmed Hellenic Bank (HB) Long-term Issuer Default rating (IDR) at 'BBB', while the Outlook for its Long-term IDR remained Stable. In Fitch's view, HB's asset quality may come under more

Cyprus unemployment seen higher in 2009

Cyprus Minister of Labour and Social Insurance Sotiroula Charalambous said a small rise in unemployment is expected in 2009 due to the global financial crisis, noting however that this will not approach

Volksbank of Romania to open Cyprus branch

Volksbank Romania S.A. will establish a branch in Cyprus and its main business drivers will be small and medium sized enterprises, and private individuals. Volksbank has operated in Romania since 2000 and

EU earmarks €22 mln for Cyprus border controls

The European Commission has adopted the multiannual programme under the External Borders Fund 2007-2013 for Cyprus for an estimated amount of EUR 22 mln. "With the approval of this multiannual programme, Cyprus