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Monthly Archives: June, 2012

Investment

Moody’s pushes Cyprus deeper into junk status

Alan Lawton -
Moody's has downgraded Cyprus government bond ratings two notches pushing it deeper into junk status on fears that Greece will leave the Eurozone and placed the ratings on review for further possible downgrade.
Investment

Cyprus seeking help from Russia and China

Alan Lawton -
Deputy Europe Minister Andreas Mavroyiannis said that Cyprus could seek help from Russia and China in efforts to secure 1.8 billion Euro to recapitalise the Popular Bank and it could need as much as 4 billion Euro.
Investment

Development of Larnaca airport hits problems

Stefanos Evripidou -
A meeting will take place today to view a number of snags relating to the plan to transform the old Larnaca airport into a commercial centre by the Chinese company Far Eastern Phoenix.
Investment

Two Cypriot banks downgraded by Moody’s

Alan Lawton -
Moody's Investor Services had downgraded the Bank of Cyprus and the Hellenic Bank and has rated them and the Cyprus Popular Bank on review for downgrade as a result of their extensive operations in Greece.
Investment

Bailout request before end of month

Editorial -
It seems incredible that the Island's government could be going cap in hand to the EU for a bailout before the end of the month, when just a few years ago it told us that we were immune from the world's economic woes.
Investment

Decision over gas terminal final

Editorial -
The Minister for Commerce Industry and Tourism, Neoclis Sylikiotis has announced that decisions concerning a liquid natural gas terminal have been made and that negotiations will start in the near future.

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