ECONOMY

Nicosia expects agreement with Moscow on loan

Cyprus is optimistic that it will reach an agreement with Russia for a 5-billion-euro loan, Cypriot Foreign Minister Erato Kozakou-Marcoullis said in a live interview on Greek state-run channel NET TV on Wednesday.

Discussions between the two countries are continuing and are focused on the interest rate level for the loan, Kozakou-Marcoullis said in the interview. [Bloomberg]

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.