Paul Tugwell

(Bloomberg) -- The European Central Bank is almost certain to cut interest rates by a quarter point in December, according to Governing Council member Yannis Stournaras.

Francine Lacqua, Sotiris Nikas and Paul Tugwell 2 min read (Bloomberg) -- Most Read from Bloomberg

Cyprus wants to be ready for the possibility of becoming a NATO member, President Nikos Christodoulides said Thursday, even though Turkey pledges to veto such a move.

Greece’s rating status was upgraded by Scope Ratings, which cited the strong growth and the declining debt as the main reasons for the decision.

Greek lenders may face a cost of about €100 million ($105 million) from the reduction or elimination of various payment fees that banks charge their clients, Eurobank Equities Investment Firm SA said.

Metlen Energy & Metals SA filed an application Monday to list shares on the London Stock Exchange, according to a person familiar with the matter.

Meridiam SAS agreed to buy a stake in Greece’s €1.9 billion ($1.98 billion) project to link its power grid with Cyprus and Israel through undersea cables across the eastern Mediterranean, people familiar with the deal said.

Greece and Israel signed Monday an agreement to promote regional energy stability and projects in the Eastern Mediterranean.

European Central Bank Governing Council member Yannis Stournaras said borrowing costs will probably be lowered to about 2% around the autumn of this year.

Greek Prime Minister Kyriakos Mitsotakis called on the European Union to consider new ways to bring down gas and electricity prices, as part of a wider bid to boost the bloc’s competitiveness.