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]