A senior Finance Ministry executive confirmed to Reuters of its formal proposal, that will expand international rescue loans to up to 50 years, regarding debt sustainable efforts.

The Athens Exchange general index closed at 1,232.12 points, with an added 3.09% to yesterday's 1,195.20 points.

Greek Cypriot and Turkish Cypriot party leaders discussed confidence building measures today, during a regularly scheduled Ledra Palace meeting in Nicosia, under the auspices of the Slovak Embassy.

Today resulted in the decision by The Cypriot Council of Ministers to elect former Education Minister Kyriakos Kenevezos, as the Ambassador of Cyprus in Athens.