The European Central Bank decided on Thursday to cut its interest rate by 25 base points. The decision will be followed by the speech of the new ECB President, Mario Draghi. The ECB...
Banks in Cyprus will need €3.6 billion so as to cover the additional capital requirements that the agreement of the EU Summit provides for. The recapitalization plan announced by the European...
The European leaders are called on today to give the final solutions to the debt crisis plaguing the euro area over the last 21 months. The leaders of the euro area member states will meet for...
The fiscal deficit in Cyprus reached 5.3% of GDP in 2010, which is of €923 million against a deficit of 6.1% of GDP in 2009 (€1030mn). The Eurostat data differ from the Finance Ministry’s estimates...
President of the Republic, Demetris Christofias conveyed today the Act of Appointment of Ambassador, Andreas Mavroyiannis in the position of Deputy President of European Affairs. According to an...
According to Eurostat data released on Friday, the first estimate for euro area trade with the rest of the world in August 2011 gave a 3.4 bn euro deficit compared with -6.3 bn euro in August 2010...
The expenditure for the basic functions of the Cypriot state engine is by far the highest in the European Union and is close only to those of Greece, according to a new Eurostat survey. According...
The European Central Bank decided on Thursday to keep interest rates on hold. Eyes now focus on the press conference of the ECB President, Jean Claude Trichet at 15.30 (Greek time), when he is...
The businessmen and the households in Cyprus borrow with more unfavourable terms than those in Greece, according to European Central Bank figures released on Tuesday. The Cypriot lending rate is...
Industrial producer prices in Cyprus grew slower than in rest of Europe in August 2011. According to Eurostat data released on Tuesday, the industrial producer prices in Cyprus rose by 5.6%...