Greece

The Gross Domestic Product (GDP) of the island nation of Cyprus is expected to grow by 3.3 percent in 2019, the European Commission said on Thursday. The commission predicted this rosy outlook on the basis of new data which...

The Cyprus economy expanded by 3.3% year on year on seasonally adjusted data, marking the highest quarterly growth since the financial crisis of 2013, according to a flash estimate released today by Cystat, Cyprus’ statistical service. Cyprus has been posting...

Cyprus's recession-hit eurozone economy contracted by 2.4 percent in the second quarter of 2012 compared to the same period last year, an official flash estimate showed on Tuesday. The dip marks the fifth successive quarter since Q1 2011 in which...

Cyprus must not waver from the path of austerity if its economy is to emerge with a clean bill of health from the vicious cycle in which it is trapped, the outgoing head of its central bank said on...

President Nicos Anastasiades heads into Sunday's Cyprus election as the favorite in a campaign dominated by the economy and stalled efforts to reunify the divided island. Among the nine candidates for the top job -- all male -- the center-right Democratic...

The regulation of online betting along with the other measures promoted concerning the betting industry will create a new significant prospect for the economy, Minister of Finance Harris Georgiades has said, as the Cyprus National Betting Authority gears up...

Greek bank subsidiaries in Cyprus are protected, Cyprus Central Bank (CBC) Supervision Department Head Yiangos Demetriou said on Friday, dismissing concerns due to the economic instability in Greece. Speaking after a meeting with managers of Greek bank subsidiaries in Cyprus, Alpha Bank Cyprus,...

Unable to pay its bills and needing to recapitalize its banks, Cyprus will ask international lenders for an11 billion euros, or $14.2 billion bailout, the news agency Reuters reported, citing three sources with knowledge of the request. The country’s banks,...

Cyprus will remain in recession in 2012, its finance minister said on Monday, with economic output retreating by up to 1.5 percent in the euro zone member state which recently sought a bailout. Vassos Shiarly, Cyprus΄s finance minister, also said...

The close trade, military and energy ties between Greece, Cyprus and Israel "are a guarantee for the security of the wider region, which is plagued by crises and dangerous revisionisms," stated Greek Foreign Minister Nikos Dendias on Tuesday, during...

The nation of Cyprus has abruptly stopped the issuance of Golden Visas after a press report  and video showed alleged corruption in the process, in which foreigners were welcomed to pay for a visa allowing them residence in the...

Turkey issued a new notice for its continued gas exploration and drillling inside the Cypriot Exclusive Economic Zone (EEZ) on Wednesday, further fueling tensions in the Eastern Mediterranean. The Navigational Telex (Navtex) covers the area southwest of the island for...

Turkish Vice President Fuat Oktay visited the occupied part of Cyprus on Saturday, from where he announced that Ankara is looking to re-open the ghost town of Varosha in Famagusta, 46 years after the Turkish invasion of the island. Oktay...

Cyprus’ finance minister said on Monday that the country has repaid ahead of schedule the remaining 1.58 billion euros ($1.73 billion) of a 2.5 billion euro ($2.74 billion) loan it received from Russia in 2011 amid a brewing financial...

French President Emmanuel Macron said during a joint statement with Greek Premier Kyriakos Mitsotakis on Thursday that France will not accept any Turkish violations inside Cyprus' EEZ, emphasizing that France ''will not show any weakness.'' Prime Minister Mitsotakis, who arrived in...