NICOSIA - Economic sentiment in euro zone minnow Cyprus dipped in December in a trend which suggests a slowdown in output in coming quarters, a publicly funded survey showed on Tuesday.
The Economic Sentiment Indicator (ESI) showed a 1.7 point month-on-month decline, following on a 2.1%...

 NICOSIA – Banks and the bank employees trade union Etyk are expected to conclude savings before the end of the year which are expected to include wage cuts. Talks are understood to include trimming the Cost of Living Allowance, salaries as well as increments. They are being held as part of...

MOSCOW - Cyprus will receive before December 31 a €600m instalment as part of the €2.5b loan agreement it signed with Russia on Friday, Minister of Finance Kikis Kazamias told CNA.

The €2.5b loan agreement, valid for 4.5 years, with a nominal annual interest of 4.5% was signed today...

MOSCOW – A €2.5 loan agreement between Cyprus and Russia was signed in Moscow on Friday. The agreement was signed by Finance Minister Kikis Kazamias and Russia’s deputy Finance Minister Sergey Storchak, the Finance Ministry said. The first installment will be paid before December 31. 2011, it...

ATHENS - Shareholders of Greece's fourth-largest lender Piraeus Bank approved on Friday a €400m capital boost, through the sale of new preferred shares to the state.
Piraeus is the second Greek lender this week to have used a 2008 bank support law to raise capital and shield itself from the...

NICOSIA - The Ministry of Finance proceeds today to the auction of three – year Government Registered Development Stocks (GRDS).

The issuance of the GRDS is January 4, 2012 and maturity date January 2015.

The GRDS’s nominal rate will reach 6%. The Cypriot Finance...

 BERLIN — German business and consumer confidence ended 2011 on a high note despite ongoing fears about the European economy, two closely watched surveys showed Tuesday.

The Ifo Institute's monthly index of business confidence increased to 107.2 points from 106.6, as...

 TOKYO — Japan selected the Lockheed Martin F-35 stealth fighter on Tuesday to replace aging jets in its air force and bolster its defense capability amid regional uncertainty.

"Our decision on the next-generation fighters was an extremely important one for our national...

 ATHENS — Negotiations with banks for a massive Greek bond swap deal are "going well" and a framework agreement is expected in early January, an official in the country's coalition government said Tuesday.

The official, speaking on condition anonymity because the talks are...

NICOSIA - Cyprus' contribution to the International Monetary Fund (IMF) will amount to approximately 460 million euro, if these funds are needed for the IMF to financially support Eurozone member states, according to the decisions of the recent EU Summit, Finance Minister Kikis Kazamias...