US secretary of state hails Nicosia’s strategic role

US secretary of state hails Nicosia’s strategic role

[Evan Vucci/AP] US Secretary of State Marco Rubio spoke with Cypriot Foreign Minister Constantinos Kombos on Wednesday, highlighting Cyprus’ strategic role in the Eastern Mediterranean, according to State Department spokesperson Tammy Bruce. The two officials discussed regional energy projects, defense cooperation, and efforts to end the war in Ukraine. The US stressed the need to …

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Losing doctors

Wages in Greece’s National Health System (ESY) have improved and an effort has been made to fill the gaps left by those who retire, but public hospitals still do not seem to be attractive places to work. Source link

BoG announces January interest rates and loan data

BoG announces January interest rates and loan data

The weighted average interest rates on new deposits remained unchanged at 0.45% in January 2025, while the corresponding rate of loans decreased to 5.10%, according to the Bank of Greece. The interest rate spread between new deposits and loans fell to 4.65 percentage points, it added. The weighted average interest rate on outstanding amounts of …

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ATHEX: Another record high for stocks

ATHEX: Another record high for stocks

Bolstered mainly by the growth in the German stock market, Athinon Avenue enjoyed a session of strong gains on Wednesday that took its benchmark to a new 14-year high and its banks index to levels unseen since November 2015. The roller coaster of geopolitical developments and the global trade war is keeping investors on edge, …

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Bumper year for lenders in Cyprus

Bumper year for lenders in Cyprus

Despite the European Central Bank preparing for its sixth interest rate cut since June 2023, bank profits in Cyprus soared in 2024, marking two consecutive years of record earnings. While 2023 was already considered a milestone year, with total bank profits slightly exceeding 1.1 billion euros, 2024 has been even stronger, approaching €1.2 billion. Profits …

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Cartoon (05/03/25) | eKathimerini.com

Cartoon (05/03/25) | eKathimerini.com

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Greece raises €600 million in T-bill auction

Greece raises €600 million in T-bill auction

The Public Debt Management Agency on Wednesday successfully auctioned a 52-week treasury bill issue, raising 600 million euros from the market at a slightly lower interest rate: It was set at 2.15%, down from 2.27% in the previous auction on December 4. Bids submitted totaled €934 million, 1.87 times more than the asked sum. Source …

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Mother convicted of murdering daughter showed ‘no grief’

Mother convicted of murdering daughter showed ‘no grief’

[InTime News] A prosecutor accused a mother from Patra in Western Greece of showing no remorse over the 2019 death of her 3-year-old daughter, Malena, as she argued for her conviction. The 35-year-old, Roula Pispirigou, who is already serving a life sentence for the murder of Georgina, her eldest, faces charges of smothering Malena and …

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Greece Greenlights €1.22 Billion In Sustainable Tourism And Infrastructure Projects

Greece Greenlights €1.22 Billion In Sustainable Tourism And Infrastructure Projects

Greece’s Interministerial Strategic Investments Committee has given the green light to three major projects worth a combined €1.22 billion, marking a significant step towards fostering economic growth and sustainability in the country’s tourism sector. The approval grants these projects special incentives, including expedited permits and dedicated Spatial Plans for Strategic Investment Developments, reaffirming Greece’s commitment …

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