Cyprus mulls early repayment of Russian loan
Cyprus is considering an early repayment of part of a €2.5bn loan it obtained from Russia during the financial crisis, as its funding costs decline,...
bailout
Private sector indebtedness still a concern, IMF says
Despite the sizable and sustained improvement in the island’s economy, private sector indebtedness remained high, putting pressure on banks and limiting new lending, the International...
Deluge of bailout lawsuits moving at glacial speed
Five years on, of the thousands of private lawsuits filed in Cypriot courts against the March 25, 2013 bail-in, proceedings have yet to begin in...
Our View: Have we learnt nothing from the disaster of five years ago?
It is five years to the day when President Anastasiades agreed to the bail-in of the Bank of Cyprus’ depositors and shareholders as the Eurogroup...
Creditors repeat urge for reforms
Cyprus needs to take advantage of the current higher-than-expected economic growth to promote structural reforms that will help reduce risks to its financial system and...
Eurogroup praises Cyprus on post-programme results
Eighteen months exiting its bailout programme, Cyprus is exceeding expectations, particularly on growth, Eurogroup President Jeroen Dijsselbloem said on Monday following the Eurogroup meeting in...
Greece sees higher 2017 surplus, solid growth in 2018 (Update)
Greece expects to beat creditors’ projections and achieve a higher primary surplus this year and buoyant growth in 2018, authorities said, as lenders moved forward on...
Anastasiades ‘must answer questions raised’ by former CBC chief
President Nicos Anastasiades must answer the questions raised by former Central Bank governor Panicos Demetriades, instead of hiding behind slogans, main opposition leader Andros Kyprianou...
Greece must complete most pending bailout reforms by November
Greece must complete most of the pending reforms agreed with its official creditors by November in order to speed up the conclusion of a...
Georgiades defends reimbursement of provident funds
The government’s decision to reimburse 75 per cent of provident funds seized during the 2013 meltdown and cap reimbursements at €100,000 was known all along...
Euro zone, IMF to seek compromise on Greek debt deal Monday
By Jan Strupczewski Euro zone finance ministers and the International Monetary Fund will seek a deal on Monday on Greek debt relief that balances the...
IMF hails strengthening economic recovery
The International Monetary Fund said Friday it welcomes Cyprus’ economic recovery and the prudent macroeconomic policies, as the island seeks consent for early repayment of...
Greece breezes past EU-IMF bailout targets with strong budget performance
Greece far exceeded its international lenders’ demands for budget savings last year, official data showed on Friday, outstripping even 2017’s target and presenting a strong...
IMF chief Lagarde says ‘halfway’ there on Greek bailout talks
International Monetary Fund chief Christine Lagarde on Wednesday said Greece was heading in the right direction on reforms but talks on its bailout and the...
Greece, inspectors to resume bailout talks in late April – sources
Greek ministers and inspectors from the European Union and the International Monetary Fund will resume talks over a bailout review in Athens in late April,...
Cyprus should speed up debt reduction, IMF says
Τhe International Monetary Fund (IMF) said that a year after completing its adjustment programme, Cyprus still needed to reduce both private and public debt to...
IMF second post-programme surveillance mission expected next week
A delegation from the International Monetary Fund (IMF) will arrive in Cyprus next week for talks with Cypriot officials and bankers as part of the...
Greek Prime Minister Tsipras hopes for deal with lenders by April
Greek Prime Minister Alexis Tsipras said on Friday there had been significant progress with lenders on a bailout review, and that he hoped for a...
Greece needs ‘far less’ money than agreed in 3rd bailout – ESM head
Greece will need less in emergency loans from international lenders than originally agreed in its third bailout programme due to a better-than-expected budgetary developments, the...
Greece says ‘not a euro more’ in cuts as EU officials call for speedy deal
European Union officials urged Greece and its lenders on Thursday to conclude a long-overdue bailout review quickly to safeguard economic recovery but Athens said it...