Friday

29th Mar 2024

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IMF: Cyprus should return to growth in 2015

Cyprus should return to growth in 2015 after three years of deep recession, the International Monetary Fund said on Friday. The report said real GDP should grow by 1.1% in 2015, after dropping 8.7% this year and 3.9% in 2014.

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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