Cyprus expects to restore bailout aid flow
NICOSIA (Reuters) – Cyprus said yesterday it hopes to re-establish a flow of aid from international lenders after some issues were resolved in a disputed foreclosures bill that lenders demanded for funds to be released. The European Union and International Monetary Fund withheld about 435 million euros in a new tranche of aid amid legal challenges to the bill allowing mortgage lenders to quickly repossess properties in default. Cypriot Finance Minister Harris Georgiades said he would
Sixty-one companies have been delisted from the Greek stock market since 2008, helping to clear out the board. The next stocks to leave the bourse will be Cyclon, due to its absorption by parent company Motor Oil, and Maillis, which will be delisted on November 18, the Capital Market Commission decided yesterday.