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Europe Daily Bulletin No. 10841

7 May 2013
ECONOMY - FINANCE - BUSINESS / (ae) cyprus

06/05/2013 (Agence Europe) - Prospect of easing of Russian loan conditions. Reuters says the Cypriot government has reached agreement with Russia about easing the loan conditions for the Russian loan of €2.5 billion received in 2011. Reuters received the information from a document drawn up by the troika (European Commission, ECB and IMF), saying that Moscow has agreed to reduce the interest rate on the loan from 4.5% to 2.5% a year and to extend the payment deadline by two years, to 2018....

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