Nicosia has reacted to objections from Turkey to planned hydrocarbon exploration in block 6, within the island’s exclusive economic zone (EEZ), that was recently licensed to a consortium of Italy’s Eni and France’s Total. Source Ekathimerini
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Growth in bank loans to euro zone companies set a fresh post-crisis high in April, even as a key money supply indicator, which often predicts future economic activity, dipped more than expected, fresh data from the European Central Bank showed on Monday. Corporate lending in the 19-country currency bloc grew by 2.4 percent in April, just above the previous month’s 2.3 percent but the highest rate since mid-2009. Source Reuters
A total of 120,000 Turkish construction companies are set to halt activities on June 9 to protest a skyrocketing rise in iron prices and a visible undersupply in the material. The protests are expected to last one month, according to sector representatives. Source Hurriyet Daily