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1861. Revenue from ship management dips

Ship management revenues decreased in the first half of 2019 by €5 million, according to the results of the Ship Management Survey for the first half of 2019, concerning the transactions of resident ship management companies published Wednesday by the Central Bank of Cyprus...

1862. Cyprus plans to revoke passports after uproar

Cyprus said on Wednesday that it had started a process to strip 26 individuals of citizenship they received under a secretive passports-for-investment scheme, admitting it had flaws...

1863. Cyprus to start process for early repayment of IMF loan, Finance Minister announces

Finance Minister Harris Georgiades announced on Tuesday that an official process will be launched for the early and full repayment of an IMF loan, following the repayment of a loan from Russia....

1864. MAP S.Platis joins forces with global firm FTI Consulting

1865. Police make headway in welfare fraud

Investigators are still trying to unravel a housing scam in Limassol that was set up to defraud state authorities by using people who were homeless and in need for help...

1866. Brexit deal faces Saturday showdown

European Union leaders unanimously backed a new Brexit deal with Britain on Thursday, leaving Prime Minister Boris Johnson facing a battle to secure the UK parliament’s backing for the agreement if he is to take Britain out of Europe on October 31...

1867. Thomas Cook flight out of Cyprus gets emotional

Things got emotional on a Larnaca-Bristol flight last week when passengers, who had been left stranded in Cyprus, passed the collection plate in a “bloody generous” whip-round for the flight attendants...

1868. Impeachment inquiry hits close to home

Congresswoman Maxine Waters says there is “absolutely” enough evidence to draft articles of impeachment against Trump, adding that she and other committee chairs can finish their investigations “before the year is out"...

1869. 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. ...

1870. How will digital shape your future?

As technology evolves to support more and more of our everyday lives, it’s natural to wonder what’s in store for the future. How will it affect your life and career?...

1871. Cyprus hotels to take a €60 million hit as thousands stranded by Thomas Cook collapse

Officials at the Deputy Ministry of Tourism are scrambling to ascertain the impact of the collapse of Thomas Cook on the Cypriot hotel industry. ...

1872. Thomas Cook goes bust

The world’s oldest travel firm Thomas Cook collapsed on Monday, leaving hundreds of thousands of holidaymakers stranded around the world including Cyprus ...

1873. 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...

1874. Britain's Thomas Cook scrambles for £200 million to avert collapse

Britain’s Thomas Cook needs to find an extra 200 million pounds to satisfy its lenders or one of the world’s oldest holiday company risks collapse, potentially stranding thousands of holidaymakers across Europe. ...

1875. 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. ...

1876. Looking for true followers

Surely it is time for Greece’s most affluent citizens to step up, not out of self-interest, but in order to help the country through this critical time. As it starts to recover from bankruptcy, the country finds itself with scant resources and huge needs in key areas. Virtually all sectors – including defense, health, education and culture – have been seriously impacted by successive waves of budget cuts, a situation that has been aggravated by the failure of Greek politicians to implement bold measures. ...

1877. Israel's Netanyahu fights for record fifth term

Israeli Prime Minister Benjamin Netanyahu faces a battle for political survival in a closely fought election on Tuesday that could end his 10-year domination of national politics. ...

1878. US ambassador cautions Nicosia over 5G

Nicosia is feeling the pressure over 5G technology as the Republic is caught in an international tech war between superpowers, only months away from state-owned Cyta making a move to upgrade its network...

1879. Adults in the theaters

The film has been dismissed outright and its director, Costa-Gavras, until recently hailed as one of Greece’s top filmmakers, is suddenly being accused by some of getting carried away. Why? ...

1880. More US energy companies to operate in Cyprus, US Ambassador says

US Ambassador to Cyprus Judith Garber expressed on Wednesday evening her conviction that more US energy companies will operate in Cyprus, joining ExxonMobil and Noble Energy. She was addressing a business dinner of the American Chamber of Commerce in Cyprus, in Nicosia, in the presence of Foreign Minister Nikos Christodoulides...

1881. Greece and the US: Commitments and credibility

The signals coming from the two centers of power in the United States, the president and Congress, are often conflicting, which makes it hard for Athens to carve out an effectual foreign policy. This conundrum is set to continue throughout the Trump administration...

1882. 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...

1883. Finance minister pleased with Waters’ visit

Finance Minister Harris Georgiades says a visit by a US delegation affirms that Cyprus is on the right track in combating money laundering, following a statement by California Congresswoman Maxine Waters who said “Cyprus is up to the challenge....

1884. Waters’ summer mission reaches Cyprus

California Congresswoman Maxine Waters is on summer recess trip to Europe with a US special delegation on a mission meeting with officials in Switzerland and Cyprus...

1885. 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...

1886. Rhetoric cranked up over Laundromat story

The Presidential Palace is fighting back against criticism over claims that President Anastasiades’ law firm was involved in a network of shell companies that laundered billions out of Russia...

1887. US congresswoman on a money trail to Cyprus

A US Congress delegation is set to visit Cyprus to hold meetings on financial matters, led by Chairwoman Maxine Waters who vowed earlier this year to conduct oversight hearings into financial dealings of the US president...

1888. Moody’s expects deleveraging to resume but warns over small economy and high level of debt

The credit profile of Cyprus reflects its small but wealthy economy, improved economic resilience and the government`s fiscal outperformance in the wake of the country`s banking crisis, Moody's Investors Service has said in an annual report. ...

1889. EY: The sale of the three subsidiaries of Cyprus Popular Bank has been completed

1890. Foreclosure legislation unconstitutional

The latest piece of legislation on foreclosures which was approved last Friday is unconstitutional...