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1. FinCEN Files: Cyprus banks embroiled in dirty money leak

Leaked documents from the Financial Crimes Enforcement Network, dubbed the FinCEN files, have revealed that several of the world’s major banks allowed over 200,000 suspicious financial transactions valued at around $2 trillion to be moved over a period of almost two decades, with 897 of those transactions made by Cypriot banks....

2. Medicane Ianos leaves three dead

Three people have died after Cyclone Ianos, a rare storm known as a medicane, battered Greece, flooding streets and homes, Greek authorities said on Sunday...

3. Banks must prepare for a new cycle of NPLs due to Covid-19

Constantinos Herodotou, Governor of the Central Bank of Cyprus (CBC) told Cyprus commercial banks to prepare to face a new cycle of non-performing loans in 2021 due to the coronavirus pandemic....

4. KPMG Property Lending Barometer 2020

5. Cyprus weather gets code red

Weather officials in Cyprus have issued for the first time a red warning for Monday, with temperature highs expected to reach 44 degrees in the interior and 36 high up in the mountains...

6. EU set to sanction Turkey over ships in disputed East Med exploration area

The European Union is preparing sanctions against Turkey that could be discussed at the bloc's next summit on September 24 in response to the Eastern Mediterranean dispute with Greece, the EU’s top diplomat said on Friday. ...

7. Nigerian students say north is safe

Following danger warnings and criticism against Turkish Cypriot colleges, Nigerian student representatives in the north have refuted reports of mysterious and unsolved killings of fellow countrymen on the island...

8. Apollo CEO investigated over Epstein ties

The CEO of Apollo Global Management, whose affiliates acquired billions of bad debt in Cyprus, is being investigated over alleged financial ties to Jeffrey Epstein...

9. Suspect arrested in college email probe

Law enforcement authorities have arrested a man in connection with online payment requests made to a number of international students who were registered at a private college in Nicosia...

10. Three youths in custody after bank robbery

Three local youths are in police custody following a bank robbery at knifepoint on Friday in broad daylight in Nicosia...

11. Buyer’s market and herd immunity

The most unhappy property buyers are the ones who believe that the real estate market is a Buyer’s Market and discover that in the end the market is anything but a buyer’s market...

12. First batch of food donations ready to be shipped to Lebanon

Twenty tonnes of dry food have been collected so far in Cyprus, that are set to be distributed among the Lebanese public whose lives were overturned last week by the blasts that ripped through the capital, Beirut....

13. Cyprus President urges public to generously donate to Beirut relief campaign

Cyprus President Nicos Anastasiades has called on the Cyprus public, companies and businesses to contribute to the relief campaign collecting dry and canned foods for the Beirut population that was brought to its knees by the deadly blasts earlier this week....

14. Beirut blast has eerie connections to Cyprus

Following Tuesday’s deadly explosion in Lebanon, some eerie connections began to emerge in Cyprus, including a Russian national based in Limassol and a Hezbollah-related arrest on the island back in 2015...

15. Cyprus back to square one

Wearing a mask in public indoor spaces will be mandatory in the Republic of Cyprus, following a government decision in response to concerns over a recent spike of coronavirus cases...

16. Cyprus to draw over €2.7b from EU pandemic recovery fund

European Union leaders reached a deal on a massive stimulus plan for their coronavirus-blighted economies at a pre-dawn meeting on Tuesday after a fractious summit that went through the night and into its fifth day....

17. LNG terminal project marks new era for Cyprus

The infrastructure for the introduction of liquefied natural gas for electricity generation places Cyprus on track for a new energy era, opening new strong prospects for the island’s economy, President of the Republic Nicos Anastasiades said on Thursday...

18. Pandemic's impact on tourism poses significant risks to Cyprus economy

The European Commission’s summer economic forecast expects significant risks to the Cyprus economy as a result of the coronavirus pandemic’s impact on the tourism sector, which is predicted to see just 25% of last year’s revenues and high unemployment....

19. Moody's: Payment holidays shield Cyprus banks in 2020, but deterioration likely in 2021

Around one third of Cyprus banks’ gross loans were deferred as a result of the coronavirus pandemic, the Moody’s rating agency said Monday, noting that while the payment holiday may shield local banks in 2020, asset quality deterioration is “still very likely next year.”...

20. Group of five accused of using fake bills

A Paphos judge has ordered five people remanded in custody for six days after police prosecutors said the group was suspected of looting and trying to pass fake bills...

21. Nicosia midtown center in the works

A new modern business centre on the most popular main street in Nicosia is said to be in the pipeline, following reports that the Bank of Cyprus has sold a parking lot in the midtown area...

22. Cypriot FM to visit Israel in a hurry

Cypriot Foreign Minister Nicos Christodoulides will pay a last minute visit to Israel on Tuesday, days after President Nicos Anastasiades called off his trip citing coronavirus concerns and just before debate in the neighbouring country is expected to peak over annexation plans in West Bank...

23. A grim five years for Greek tourism

Greece may not repeat the tourism arrivals and revenues record of 2019 before 2025, according to an Ernst & Young report on the effects of the pandemic on Greek tourism, heralding a five-year crisis for the sector. This year alone the local industry is set to lose about 10 billion euros, it said....

24. Cyprus president calls off Israel visit

Republic of Cyprus President Nicos Anastasiades has called off a visit to Israel next week, citing coronavirus concerns, just a day after the Greek Premier concluded his first foreign trip the neighbouring country...

25. Gulenist cop arrested in the north

Turkish Cypriot police have arrested one of their own this week, a man thought to be second in command amongst officers with FETO links in the north, while dozens more were arrested in Turkey during a similar operation...

26. Cyprus, Greece to be Israeli tourists' first destination, Netanyhu says

Israeli Prime Minister Benjamin Netanyahu said on Tuesday he aims to resume regular flights to and from Israel by August 1, noting Greece and Cyprus will be the first destination for Israeli tourists....

27. Woman in white collar scheme not talking

Police investigators are fishing out more details in a while collar crime in Limassol, where a woman accused of embezzling over €1 million was said not to be cooperating with police...

28. Government announces rules for crossing checkpoints

The Cyprus government on Friday announced the special rules that will apply for those groups permitted to move through crossing points as of June 8, but it remains unclear whether the ‘government’ in the north will be following through on the agreement between President Nicos Anastasiades and the Turkish Cypriot leader....

29. Market sentiment looking up, FinMin says

Market sentiment is looking up, Finance Minister Constantinos Petrides said Tuesday after a broad meeting at the Presidential Palace between President Nicos Anastasiades and representatives of financial institutions....

30. Lawmakers to vote on budget for new support measures

The Finance Ministry will be seeking lawmakers’ green light for the supplementary budget of €220 million involving a string of measures to keep the economy afloat after the slowdown brought about by the coronavirus pandemic. ...