Cyprus’ creditors say the bailed-out country is on the path to economic recovery after years of recession but needs reforms.
Still struggling to recover economically, Cyprus has given the go-ahead to the country’s first casino resort to bring in revenues and jobs.
Bailed-out Cyprus’ economy is projected to grow a modest 0.2 percent this year after contracting for three years, the IMF said.
NICOSIA — The International Monetary Fund has approved a $314 million disbursement for bailed-out Cyprus , praising the country’s progress in meeting fiscal targets while […]
After some disappointing initial results, Cyprus said offshore reserves in its Aphrodite gas field will yield commercially exploitable sources.
Bailed-out Cyprus’ international creditors say they will help the country implement insolvency and foreclosure laws which they see as essential for banks.
Cypriot banks said they don’t plan to rush massive foreclosures despite being given that authority to mollify international lenders.
After almost four years, including a bailout and capital controls, Cyprus’ economy has come back, showing growth in the first quarter.
NICOSIA — Cyprus’ finance minister said Friday he expects the country’s next regular review of its bailout program will be positive, allowing rescue cash to […]
Cyprus’ Finance Minister says the country raised 1 billion euros with its second public bond issue since a bailout two years ago.