https://knews.kathimerini.com.cy/en/news/abandoned-berengaria-goes-up-for-auction
The abandoned Berengaria hotel in Cyprus, a historic building known around the world for its ‘ghosts lurking in the dark’ is going up for auction next month...
https://knews.kathimerini.com.cy/en/news/over-a-thousand-employees-choose-co-op-buyout
Over a thousand employees at Cyprus Cooperative Bank signed up for a voluntary severance package, well above the target of 900 set by the bank ahead of a takeover by Hellenic Bank...
https://knews.kathimerini.com.cy/en/news/shadows-loom-over-government-s-‘clean-exit-scenario
Greece’s bailout exit has been eliciting condescending and bitter commentary on the country’s beaches and in its near-deserted cities, as few Greeks believes their lives are going to improve or that the country’s prospects will be akin to those of other bailed-out eurozone states. Greece’s “return to normalcy” and “clean exit,” much touted by the government, appear to be happening somewhere else....
https://knews.kathimerini.com.cy/en/news/regling-says-greece-will-remain-linked-to-esm
Greece will be monitored more closely by the European Stability Mechanism (ESM) and the other institutions after its bailout ends six days from now compared to other countries that emerged from rescue programs, according to ESM chief Klaus Regling....
https://knews.kathimerini.com.cy/en/comment/the-mistakes-of-greece-s-creditors
A lot has been said about the mistakes made by Greece’s lenders during the bailout programs. The fact is they made many errors, including some serious ones. Meanwhile, Greek politicians were responsible for refusing to take ownership of the required reforms and failing to reach a degree of basic consensus. ...
https://knews.kathimerini.com.cy/en/news/forbes-calls-wilbur-ross-a-‘grifter
US Secretary of Commerce Wilbur Ross, the former vice-chairman of Bank of Cyprus, is being accused of being a grifter, following allegations that he swindled associates out of millions...
https://knews.kathimerini.com.cy/en/comment/opinion/the-heavy-cost-of-cowardice
I’ve heard a government minister speak about a vital agency of the Greek state and admit that “there’s nothing that can save this department – it ought to be shut down and rebuilt from scratch.”...
https://knews.kathimerini.com.cy/en/business/aris-celebrates-six-month-anniversary
ARIS, which stands for A Really Inspiring Space, opened its doors to its first resident startups in February 2018. Last Monday, on the 6th of August, the achievements of those startups were celebrated during a summer networking event entitled “Creating Value Through Innovation, in an Ever Changing Global Environment”...
https://knews.kathimerini.com.cy/en/news/central-greece-district-hit-by-flash-floods
At least two villages were flooded near Lamia, central Greece, on Friday after the river Spercheios swelled due to heavy thunderstorms....
https://knews.kathimerini.com.cy/en/news/manafort-lawyer-blames-cyprus-accounts-on-oligarchs
Prosecutors described Paul Manafort as a “shrewd” liar and accused him of misleading his tax preparers, banks, and US authorities in claiming that secret accounts did not exist...
https://knews.kathimerini.com.cy/en/news/cyprus-tax-webcast-july2018
Watch the new Deloitte Tax Webcast for July 2018 presented by Mr. Pieris Markou, Deloitte Tax & Legal Services Leader...
https://knews.kathimerini.com.cy/en/business/hellenic-forms-ad-hoc-integration-committee
Hellenic Bank says it has put together an ad hoc committee to oversee and facilitate the integration of recently-bought parts of Cyprus Cooperative Bank into the publicly traded Cypriot company...
https://knews.kathimerini.com.cy/en/business/ecb-lowers-emergency-funding-cap-for-greek-banks-to-8-4-bln-euros
The European Central Bank lowered the ceiling on emergency liquidity assistance (ELA) Greek banks draw from the domestic central bank by 1.9 billion euros to 8.4 billion euros, the Bank of Greece said on Thursday....
https://knews.kathimerini.com.cy/en/business/unions-okay-with-ccb-severance-package
Union employees at Cyprus Cooperative Bank have agreed to sign up on a severance package plan this summer, ahead of a takeover by Hellenic Bank, saying it can contribute to labour peace...
https://knews.kathimerini.com.cy/en/news/sarides-arrested-in-crete
A dangerous and wanted man according to Cyprus police, Haris Sarides, was arrested Wednesday night by Greek authorities in Crete...
https://knews.kathimerini.com.cy/en/business/greek-bank-deposits-rise-in-june-for-fifth-month-in-a-row
Greek bank deposits rose in June for a fifth consecutive month, increasing by 1.3 billion euros ($1.52 billion), central bank data showed on Wednesday....
https://knews.kathimerini.com.cy/en/news/search-continues-as-wildfires-death-toll-climbs-to-80
Rescue crews Wednesday continued to search the seaside areas northeast of Athens that were the worst affected by wildfires to locate any further victims, as the official death toll rose to 80...
https://knews.kathimerini.com.cy/en/news/unions-to-discuss-ccb-severance-offer
The Cyprus Cooperative Bank is making another effort to strike a deal with unions in order to get 900 employees agree to walk away...
https://knews.kathimerini.com.cy/en/news/defence-ministry-dismisses-kickback-allegations
The defence ministry is dismissing allegations of money squandering, accusing a former state auditor of rehashing an old story in connection with kickbacks worth €5 million...
https://knews.kathimerini.com.cy/en/news/most-limassol-casino-visitors-are-cypriots
Officials are amazed with the number of visits to newly-opened Cyprus Casinos C2 in Limassol, with over 34,000 individuals stepping foot into the first licensed facility in the Republic...
https://knews.kathimerini.com.cy/en/news/email-phishing-scams-on-the-rise-in-cyprus
The police cybercrime unit is warning the public of a money extortion scheme, following complaints from people who recently received threatening emails...
https://knews.kathimerini.com.cy/en/news/erdogan-says-will-never-forget-those-who-embraced-coup-plotters
In a speech to a large crowd marking the second anniversary of a foiled military coup, Turkish President Recep Tayyip Erdogan declared that he would "never forget those who embraced the coup-plotters" in an apparent dig at Greece where eight Turkish servicemen have sought asylum....
https://knews.kathimerini.com.cy/en/news/moody-s-says-bank-of-cyprus-better-off-after-uk-sale
Rating Agency Moody’s has described the sale of Bank of Cyprus UK as credit positive, noting that the sale would place Bank of Cyprus in a better position to focus on reducing its domestic high stock of problematic loans...
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-sells-uk-subsidiary
The Bank of Cyprus Financial Services is being sold to Cynergy Capital, as the BoC walks away from the UK to put more focus on performance in a rebounding Cypriot economy...
https://knews.kathimerini.com.cy/en/news/president-thanks-parliamentary-caucus-for-sunday-votes
President Nicos Anastasiades praised the ruling and opposition parties for approving state guarantees for Hellenic Bank as well as passing new foreclosure and bankruptcy laws, adding he would not respond to criticism...
https://knews.kathimerini.com.cy/en/news/house-approves-state-guarantees-in-co-op-deal
The House passed legislation Sunday night in favour of providing state guarantees to Hellenic Bank in its acquisition of Cyprus Cooperative Bank’s healthy portfolio...
https://knews.kathimerini.com.cy/en/news/house-shifts-into-gear-with-sunday-bad-loans-session
It will be a long weekend for the House finance committee, which will hold emergency sessions ahead of a crucial Sunday vote on bad loans and state guarantees for Hellenic Bank...
https://knews.kathimerini.com.cy/en/news/co-op-investigators-can-look-as-far-back-as-they-want
The newly-assigned co-op investigators, handpicked by the attorney general to look into the recent troubled past of the Cyprus Cooperative Bank, will have no time limits in what events they choose to examine...
https://knews.kathimerini.com.cy/en/news/cabinet-okays-homeowner-plan-ahead-of-crucial-house-session
The Cabinet approved on Tuesday the “Estia” scheme aimed at addressing the high volume of non-performing loans in the Cypriot banking sector, but time is running out as a crucial legislation package on bad loans is also up for a vote on Friday...
https://knews.kathimerini.com.cy/en/news/registration-now-open-for-2nd-cyprus-open-data-hackathon
The 2nd Cyprus Open Data Hackathon will take place on 15-16 September 2018 in Limassol at ARIS, co-organized by the Innovation and Entrepreneurship Centre of Deloitte, the Public Administration and Personnel Department of the Ministry of Finance and Hack Cyprus.
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