Finance Minister, Charilaos Stavrakis told the banks on Monday to cut their money rate, one day after the agreement in Paris and the effort to deal with the crisis on an international level. Mr....
The European stock markets rush to regain part of their huge losses in the past few weeks amid a climate of euphoria after the announcement of the rescue plan by the leaders of the 15 euro area...
13/10/2008
The major issue in today’s financial press is the rescue plan of the 15 euro area members for the support of the banking system. The “Economy” inset of newspaper “Phileleftheros” refers to the...
13/10/2008
The international stock markets will play the role of the public opinion once again on Monday, reflecting the first reactions to the rescue plan of the 15 euro area members for the support of the...
13/10/2008
The government expects an abrupt slowdown of the GDP growth to 3% from 3.7% in 2009 due to the financial crisis. Speaking after the submission of the State Budget 2009 to Parliament, Finance...
10/10/2008
According to CYSTAT preliminary data released on Friday, Cyprus’s imports and exports surged in August. Specifically, total imports/ arrivals were €564,3mn, of which €392,0mn were arrivals from...
10/10/2008
The US, Asian and European stock markets continue to dive on Friday since investors believe that the latest interest rate cut was not enough to stop the increase in the cost of interbank borrowing...
10/10/2008
The major issues in today’s financial press are the Finance Ministry’s bulletin on the economy, the prices released by the Price Observatory and the government’s intention for guarantees of €100...
10/10/2008
The political parties welcomed the Finance Ministry’s decision to increase the guarantee of the bank deposits. DISY Deputy President, Averof Neophytou stated that this move shows that the state is...
09/10/2008
The Board of Directors of Bank of Cyprus will examine its nine-month results 2008 on November 6. According to an announcement released today, the Board will also examine whether it will allocate an...
09/10/2008