Economy

Cyprus will not need all of the 10-billion-euro bailout it received in 2013 as its economy is recovering faster than expected, the country?s finance minister told AFP.

More than half of Germans believe debt-stricken Greece should leave the eurozone, according to a poll published on Friday amid a flaring war of words between Athens and Berlin.

And 80 percent believed Greece is not acting in a reliable manner in its negotiations with eurozone partners, according to a Politbarometer survey released by public broadcaster ZDF.

Perpetual warnings about an ?accident? and threats of a Greek referendum continued to aggravate the mood in the local economy on Friday, as reflected in the Athens stock market, which lost over 3 percent.

Health personnel went on strike on March 13 in various cities across Turkey a day before national Doctor's Day, demanding better working conditions, better wages, policies to improve the quality of medical education, and equal and free medical services to all citizens.

BELGRADE - Serbian Minister of Public Administration and Local Self-Government Kori Udovicki stated on Friday that dismissals in the public sector would begin as of July.

The biggest company in Albania, Canadian-based Bankers Petroleum, registered its highest ever crude oil production in Albanian oilfields during 2014, earning $583 million, 3 per cent more than in 2013.

Oil production averaged 20,690 barrels per day, 14 per cent more than in 2013, the company said in a press release.

Greek Cyprus will not need all of the 10-billion-euro bailout it received in 2013 as its economy recovers faster than expected, the country's finance minister told AFP.
      

Oil prices might have stabilized only temporarily because the global oil glut is worsening and U.S. production shows no sign of slowing, the International Energy Agency said on March 13.

The West's energy watchdog said the United States may soon run out of spare capacity to store crude, which would put additional downward pressure on prices.

The president of the World Bank said on March 13 he welcomed the setting up of the China-backed Asian Infrastructure Investment Bank (AIIB), a day after Britain became the first Western nation to embrace the institution.

The consumer price index in February 2015, as compared to January 2015, stood at 100.2% and the monthly inflation amounted to 0.2%, according to data of Bulgaria's National Statistical Institute (NSI).

The inflation rate in February 2015, as compared to December 2014, stood at -0.2%.

The annual inflation rate in February 2015, as compared to February 2014, stood at -0.5%.