No impact on financial stability has been recorded so far by the US and UK sanctions against Cypriot people and firms for assisting sanctioned Russian nationals apart from Cyprus’ credibility, Central Bank of Cyprus (CBC) Governor Constantinos Herodotou said, noting that noncompliance would pose “very negative consequences to the economy.”
Greece has entered an election period with voting scheduled for May 21. As of now all opinion polls agree; the conservative New Democracy party will finish first followed by leftist SYRIZA and then center-left PASOK.
The pre-election climate in Greece is “electrified” and the dialogue extends to the creation of a monetary policy centered on a central bank digital currency (CBDC) payment system, such as the one called Dimitra which is proposed by MeRA25. The debate on these parallel banking digital currencies under the control of central banks and cryptocurrencies…
The “Solidarity Ring” plan to supply the Balkans with Azeri gas via a route that bypasses Greece and upgrades Turkey’s role in the region of Southeast Europe is causing concern among Greek authorities.
The Council of State, the country’s top administrative court, has issued a temporary order to freeze plans to delimit an important stream in Rafina, East Attica.
Athens’ only festival dedicated to contemporary electronic music is back for a fourth installment and, on its usual quest for the perfect gritty venue, has moved to the Industrial Zone of Renti.
The seven-session run of gains at the Greek bourse stopped on Thursday as foreign investors chose to reap some of their recent profits, inflicting moderate losses on the benchmark and the majority of stocks at Athinon Avenue.
The barrage of revelations of the abuse and mismanagement at social facilities and charities has caused an enormous amount of damage, both actual and moral.
It is not the first time that Bank of Greece Governor Yannis Stournaras has expressed his concern in the pre-election period.
A candidate in Turkey’s presidential election announced his withdrawal from the race Thursday, a move that’s likely to benefit President Recep Tayyip Erdogan’s main challenger.