Search

1. House passes state budget for 2019

The House of Representatives Plenary on Friday approved by majority voting the 2019 state budget, that provides for a surplus amounting 3% of GDP...

2. Budget 2019 goes to parliament

3. EU Commission approves ESTIA scheme

4. Bloomberg reports on J&P Overseas downfall

5. Greece's Eurobank to acquire Grivalia Properties

6. DBRS upgrades Cyprus to investment grade

7. Finance Minister: CCB the weakest link of the banking system

8. Four busted in Limassol co-op bank fraud

Four people have been arrested in connection with financial irregularities at a Limassol credit union of the Cyprus Cooperative Bank...

9. Hellenic Bank’s Economic Review

10. UCY students form human chain of knowledge

The Main Library at the University of Cyprus is relocating to the newly-built Learning Resource Center, and students are forming a human chain to take the final batch of books to their new home...

11. Shell companies ''This is over, its finished''

12. Former Cyprus Cooperative Bank boss under criminal investigation

13. Interview with Isfandyar Zaman Khan, lead specialist for finance and innovation at the World Bank

14. Dijsselbloem: Cyprus is still in search of a new economic paradigm

15. Economic growth in Cyprus remains strong

16. Suspected loan-shark arrested in Limassol

The Limassol District Court has remanded a 70-year-old local moneylender for seven days on multiple charges including money extortion, blackmail, and illegal loan-sharking...

17. Fitch Ratings upgrades Cyprus to investment grade

18. Bad loans in Cyprus decline by €3.28 billion since March 2018

19. Alpha Bank Cyprus unloads NPLs worth €400 million

20. IMF: The Cypriot economy continues its rapid recovery from the 2012–13 financial crisis

21. Bank share plunge fuels fears about Greece's vulnerability

22. Astrobank in talks to buy National Bank of Greece Cyprus unit

23. Banks have their recovery work cut out

The bank stock slump has gone on for too long and valuations are now exceptionally low, say senior credit sector officials in Athens. However, analysts questioned on the issue by Kathimerini say the problems that Greek lenders are facing will not be overcome quickly, justifying the pounding the sector has sustained on the Athens stock exchange....

24. Fitch Ratings upgrades Bank of Cyprus

25. Cyprus back into investment grade

Cyprus got its investment worthiness stripes back on Friday as Standard & Poor’s raised the country’s credit grade from BB+ to BBB- with a stable outlook, five years following a devastating financial collapse...

26. EU Commissioner for Competition Margrethe Vestager visits Cyprus

27. Hellenic mulls over selling delinquent loans

Hellenic Bank posted a €35 million net profit for the first half of 2018, with the bank’s CEO Ioannis Matsis stating that the bank is ready to launch a tender for the sale of a portfolio of non-performing exposures within the next six months...

28. Hellenic takes on 400,000 new customers

Hellenic Bank is taking on 400,000 new customers, leaving bad debt behind in the acquisition of healthy parts of state-owned Cyprus Cooperative Bank...

29. Moody’s thumbs up to Bank of Cyprus bad loans sale

Moody’s credit rating agency says the recent sale of Non-Performing Loans by the Bank of Cyprus worth €2.8 billion is a positive step...

30. Former trustee says Credit Unions were in chaos

Another former trustee of the defunct Cyprus Cooperative Bank speaks out, describing a world of chaos at the financial institution where lack of expertise, political pressure, and wrongdoing ruled the day ...