The long, slow journey toward recovery

Central bankers seem to have dumped enough money on financial markets to avoid a repeat of the year-end funding scramble that caused chaos a year ago. Next comes what may be an

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