An International Monetary Fund team of experts is visiting Cyprus to scrutinize the Cypriot solvency law. A reliable source told CNA today that the team arrived in Cyprus yesterday and will meet all stakeholders for one week, in a bid to scrutinize the Cypriot solvency law and provide recommendations for amendments. The team is on

President of the Republic Nicos Anastasiades has said that in December the government of Cyprus will announce its Youth Guarantee Implementation Plan. In his intervention at the EU Conference on Youth Employment, taking place in Paris, President Anastasiades said that in the past few months, following the June European Council and the Berlin Conference, all

Cyprus has achieved ‘very good progress’ as regards the implementation of the economic assistance program agreed with its international lenders, a Eurozone official said Tuesday in Brussels. The official noted that Troika’s assessment on Cyprus’ program shows that ‘very good progress’ has been achieved in the fiscal sector, while significant progress was recorded in Nicosia’s

Fitch expects that Cyprus’ output will contract by around 5% in 2015 and 1.5% in 2016 and not return to growth until 2017. The rating agency expects the recession to be deeper and the downturn to last longer than assumed under the EU/IMF bailout programme agreed in March. The ratings agency affirms Cyprus’ long-term foreign

Wearing her favourite black dress, 53-year-old Liu Fenqin sat nervously in a corner at an official match-making event in Shanghai, hoping to find a husband after her first marriage ended in divorce more than 10 years earlier. With China's divorce rate rising, Liu was one of thousands of middle-aged and senior lonely hearts who took

Iranian Foreign Minister Mohammad Javad Zarif hit back at U.S. Secretary of State John Kerry late on Tuesday and blamed divisions between Western powers for the failure of talks over Tehran's disputed nuclear programme in Geneva last week. Responding to remarks by Kerry in Abu Dhabi on Monday, Zarif said that blaming Iran only served

A U.S. aircraft carrier set sail for the Philippines on Tuesday to accelerate relief efforts after a typhoon killed an estimated 10,000 people in one coastal city alone, with fears the toll could rise sharply as rescuers reach more isolated towns. The crew of the USS George Washington, which carries 5,000 sailors and more than