Search

1. President flies back amid criticism

The president of the Republic of Cyprus flew back to Larnaca on Monday following a private plane incident in New York, while political opponents are seeking clarification over his travel arrangements...

2. Hellenic Bank posts profit of €59.1 million in first half of 2019

The Hellenic Bank has announced that it has posted a profit of €59.1 million after tax in the first half of this year with CEO Yiannis Matsis noting that the results reflect part from the benefits from the acquisition of the operations of former Cyprus Cooperative Bank. ...

3. Moody's changes Cyprus outlook to positive

Rating agency Moody’s changed the outlook for the Cypriot economy to positive from stable, citing the reduction of the sovereign exposure to event risks stemming from the banking sector and the improving fiscal strength beating previous expectations...

4. Four New Partners at Harris Kyriakides LLC

Harris Kyriakides LLC announces four new partners in the company. As of the 1st of September 2019 the new partners are Andreas Anagnostou, Myria Loizou, Georgia Karamalli and Nicolas Kyriakides. ...

5. Cyprus to fully repay IMF loan in 2020

According to figures from the 2020 budget presented by Finance Minister Haris Georgiades to the Cabinet, Cyprus will repay the IMF loan early resulting in government debt reduction to 91.1% of GDP ...

6. Estia scheme kicks in for eligible borrowers

The Estia plan aimed at boosting borrowers’ ability to repay their defaulted loans went into effect on Monday, as the Cypriot government embarks on a scheme to subsidize repayments of restructured loans...

7. Scope rates Cyprus with BBB-

Scope Ratings affirmed last week the Republic of Cyprus’ BBB- long-term issuer and senior unsecured local- and foreign-currency ratings, along with a short-term issuer rating of S-2 in both local and foreign currency, noting that all outlooks are stable...

8. Finance Committee seeks compromise on foreclosures

The House of Representatives Finance Committee meets on Friday to discuss proposals that would normalize the legislative framework on foreclosures...

9. Non-performing loans decline to €10.14 billion

Non-performing loans as defined by the European Banking Authority declined to €10.14 billion in March 2019, marking a reduction of €151 million compared to previous month. ...

10. S&P affirms Bank Of Cyprus ratings

Standard & Poor’s affirmed on Tuesday their `B+/B` long- and short-term issuer credit ratings on Bank of Cyprus Public Co. Ltd. (BoC), noting that the outlook is stable...

11. ECB warns of 'significant negative impact'

The European Central Bank (ECB) has warned of “significant negative impact” to the Cypriot banking system in case a new law amending the legal on foreclosures is implemented. ...

12. Central Banker mulls bridging framework on foreclosures

The Central Bank will present recommendations aimed at rectifying the foreclosure framework it was announced on Thursday...

13. Foreclosure legislation deemed unconstitutional

Finance Minister Haris Georgiades said on Tuesday that "a legislative framework must be effective, it must not change frequently, in order to create a trustworthy framework that will enable us to manage this last remaining problem of non-performing loans.'' ...

14. Bloomberg: Turkey has abandoned the West

In an opinion piece Bloomberg's editorial board writes that Turkey is an increasingly erratic ally that is no longer worth the risks. ...

15. Moody's warns foreclosure laws increase risk for banks

Cyprus’ new foreclosure framework hampers banks efforts to reduce NPLs said credit rating agency Moody's in an announcement on Thursday....

16. Cyprus parliament suspends foreclosures

The House of Representatives voted in its last plenary before summer recess an amendment to the foreclosure law that foresees a freeze in foreclosures and suspension for loans eligible for the ESTIA loan relief plan...

17. The others were Merkel’s puppets, we were just naive

Prime Minister Alexis Tsipras admitted to being naive enough to believe that his European counterparts, whose countries have loaned Greece billions of euros, would go easy on him...

18. Warnings over new foreclosure legislation

A total of five bills concerning a new foreclosure legislation are expected to be discussed on Thursday at a meeting of the House of Representatives Finance Committee...

19. Bank culture should change Central Bank Governor says

20. Eurobank posts €10 million first quarter profit

21. IMF: Cyprus economic recovery gradually decelerating but remains strong

22. Latchi diver finds hash underwater

A local diver had to call the police on Monday after discovering one kilo of hashish under water in Latchi...

23. Monnet or Orban?

When a vision ceases to create prosperity for the great masses it suddenly becomes a nightmare...

24. Cyprus 'one of the success stories of ESM'

25. The yellow lake

In the last decade of the nineteenth century in America, two influential newspapers - New York World and New York Journal – went all out in a fierce competition that adopted sensationalized news reporting, prompting New York Press affiliates to coin the term yellow journalism...

26. DBRS reaffirms Cyprus’s rating

27. CBC ready to examine ambiguities in AML laws

28. Agia Fyla co-op scandal ends with acquittals

Four defendants in the Agia Fyla credit union scandal have been acquitted on all charges, with criminal judges citing failure on the part of the police to prosecute the case...

29. K. Treppides & Co Ltd: Income Tax Law Amendments

The House of Representatives voted on 5 April 2019, a series of provisions amending the Income Tax Law which were published in the Official Gazette of the Republic on 25 April 2019...

30. BOC leadership change will not disrupt momentum Ackermann says