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1681. Foreclosures: Parliament rejects President's referral

The House of Representatives today rejected a presidential referral regarding a number of foreclosure legislation amendments. ...

1682. Moody’s calls for reform implementation to boost Greek growth

Greece’s credit profile is constrained by the country’s elevated debt burden, moderate growth prospects and weak banking system, Moody's Investors Service said in an annual report Thursday, adding that the new government’s implementation of reforms agreed with lenders would bolster growth....

1683. IKEA branches out to Limassol

IKEA is reaching out to Limassol fans and beyond, with a new Planning Studio location now open in the southern town...

1684. 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.'' ...

1685. 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....

1686. The EU28 adopted measures against Turkey's illegal drilling in Cyprus

The EU Foreign Ministers endorsed, without any changes the conclusions prepared by the permanent representatives, concerning Turkey’s illegal drilling in the Exclusive Economic Zone (EEZ) of Cyprus, cutting the EU pre-accession assitance for 2020, suspending EU- Turkey high political dialogues and stopping European Investment Bank’ lending activities in the country....

1687. 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...

1688. Nicosia wants tougher measures against Turkey

The sanctions that were discussed on Thursday by national envoys of European Union member-states against Turkey over its illegal drilling activities off Cyprus do not, reportedly, go far enough for Nicosia, which wants tougher measures. ...

1689. EU signals sanctions on Turkey over Cyprus drilling

The European Union will put on hold high-level talks with Ankara and negotiations on an air transport agreement, as well as freeze funding for Turkey next year, over “illegal” drilling for gas and oil off Cyprus, according to a draft statement seen by Reuters...

1690. UNFICYP mandate extended for another six months

UN Secretary General Antonio Guterres has recommended that the Security Council extends UNFICYP’s mandate until January 31, 2020 in recognition of its continued contribution to the maintenance of peace and stability. ...

1691. No preliminary agreement on EU sanctions on Turkey

According to a diplomatic source that informed the press in Brussels the discussion on EU sanctions against Turkey will continue Thursday afternoon, as today there was no agreement...

1692. Lukewarm reaction to EU sanctions on Turkey

1693. Bloomberg: EU to cut aid to Turkey over Cyprus EEZ violations

Bloomberg's Viktoria Dendrinou and Nikos Chrysoloras report that the European Union is considering suspending most high-level contacts with Turkey and cut the flow of funds in protest of the Turkish drilling activities in the Cyprus EEZ. ...

1694. Mitsotakis, expectations and the need for unity

The coming weeks will naturally see an emphasis on New Democracy’s proposals on all the major issues, from the economy and security, to education and health. At the same time the new prime minister will have to strike a balance between the rival forces within his party’s ranks, combining the new with the old. ...

1695. Mitsotakis sworn in as PM amid east Med tensions

Conservative politician Kyriakos Mitsotakis was sworn in as Greece’s new prime minister on Monday after storming to victory on a pledge to create jobs and lure investment to the economically stricken nation...

1696. Deutsche Bank axes 18,000 jobs

1697. Two women at the top of EU decision making

Under the deal, Ursula von der Leyen, a close ally of German Chancellor Angela Merkel, will replace Jean-Claude Juncker as president of the European Commission, the EU’s executive arm...

1698. EU considers German, Belgian ministers for posts

European Union leaders are considering a list of top job candidates that would have German Defense Minister Ursula von der Leyen become president of the executive European Commission and Belgian Prime Minister Charles Michel the head of the European Council....

1699. The liberal narrative and the risks

1700. ENT doctors slapped with new charges

A second case of corruption involving ENT doctors is taking place, following new evidence that came forth during a recent trial...

1701. EY Cyprus announces four new Partners

EY Cyprus announces the appointment of four new Partners. Nicolas Pavlou, Katerina Mina, Sakis Moyseos and Panayiotis Thrasyvoulou, who are expected to take up their new role as of 1 July 2019...

1702. Apple Pay now available to Bank of Cyprus customers

1703. Banks in Britain revive preparations for no-deal Brexit

Banks in Britain are showing signs of restarting preparations for a no-deal Brexit after a lull in the shift of financial services jobs and capital from Britain to the European Union in the past few months, consultants EY said on Wednesday...

1704. 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...

1705. FANEROMENI19 Arts Festival

The patio of the Bank of Cyprus Cultural Foundation transformed into the stage for FANEROMENI19...

1706. When necessity becomes history

1707. New offices in Malta for Michael Kyprianou & Co LLC

1708. Lira falls as Washington weighs sanctions against Turkey

1709. Bank employee arrested for stealing €185,000

A former bank employee has been arrested by Limassol police after an internal audit reportedly discovered suspicious patterns and anomalies in connection with customers’ bank accounts...

1710. Fiscal Council: Implement reforms and maintain surpluses