https://knews.kathimerini.com.cy/en/news/cooperative-bank-outflow-appears-to-have-stopped
The Cyprus finance minister says outflow has stopped at the state-owned Cyprus Cooperative Bank, following a €2.5 billion deposit by the government that is seeking private investors for the troubled institution....
https://knews.kathimerini.com.cy/en/business/j-p-starts-to-pay-workers-again
J&P workers in Saudi Arabia finally got their December pay cheque following a protracted labour dispute with the management of the Cypriot company, which is facing a number of financial challenges. Cypriot workers are still waiting to get paid but it looks like they will have to wait until after the Easter holidays....
https://knews.kathimerini.com.cy/en/news/rouvikonas-s-latest-paint-attack-targets-turkish-consulate
Self-proclaimed anarchist group Rouvikonas (Greek for Rubicon) threw paint at the Turkish consulate in Palaio Psychico, northern Athens, on Wednesday, to protest the country's military operation in Afrin, Syria....
https://knews.kathimerini.com.cy/en/business/government-boosts-ccb-s-hand
The Cyprus government says it is depositing €2.5 billion at the Cooperative Bank of Cyprus, as part of a broader plan to eliminate uncertainty among depositors in the wake of a privatisation bid...
https://knews.kathimerini.com.cy/en/news/firm-challenges-blue-british-passport-contract-going-to-france
De La Rue said it would seek a judicial review of the provisional decision to award the British passport contract to an overseas company...
https://knews.kathimerini.com.cy/en/business/ukraine-s-privatbank-files-$3-billion-lawsuit-against-pwc-subsidiaries
Kiev has already withdrawn PwC’s right to audit Ukrainian banks as punishment for its alleged failure to flag evidence of wrongdoing at PrivatBank...
https://knews.kathimerini.com.cy/en/business/hourican-is-one-of-the-best-paid-irish-bankers
The Dubliner CEO of the Bank of Cyprus, was paid €2.1 million last year, putting him among the best-paid Irish bankers in the world...
https://knews.kathimerini.com.cy/en/business/bad-loans-still-high-despite-fast-economic-growth
Cyprus' economic growth has been supported by construction, tourism and professional services...
https://knews.kathimerini.com.cy/en/business/coops-privatisation-process-attracts-significant-investor-interest
The privatisation process of the Cyprus Cooperative Bank (CCB) attracted “significant interest” both from financial entities in Cyprus and abroad in acquiring a stake in its share capital of part of its assets, the CCB said after the completion of the first phase concerning the expression of interest....
https://knews.kathimerini.com.cy/en/comment/on-the-european-path
Turkey might push things to the extremes because it has entered a phase of instability...
https://knews.kathimerini.com.cy/en/news/devastated-smith-makes-tearful-apology-for-ball-tampering
Smith, who had been captain since 2015, is rated by many as the best Australian batsman since the great Donald Bradman...
https://knews.kathimerini.com.cy/en/business/hourican-urges-business-to-help-in-a-speedier-resolution-of-npls
He said that one of the biggest issues in Cyprus was the tolerance on non-performers lending...
https://knews.kathimerini.com.cy/en/business/uk-house-price-growth-unexpectedly-slows-to-seven-month-low
Britain’s housing market has been hit by a squeeze on household incomes caused by higher inflation...
https://knews.kathimerini.com.cy/en/business/cyprus-central-government-debt-at-€18-3-billion-at-end-2017
Cyprus central government debt reached 18.315 million in the end of 2017 marking a decline of 3.6% compared with 2016, according to data released today by the Finance Ministry’s Public Debt Management Office (PDMO)....
https://knews.kathimerini.com.cy/en/news/cyprus-and-turkey-before-the-grand-chamber
An unsolved murder case is going before the Grand Chamber of the European Court of Human Rights on Wednesday, with Cyprus and Turkey being accused of refusing to cooperate to solve the crime, despite both Greek Cypriots and Turkish Cypriots carrying out separate investigations. ...
https://knews.kathimerini.com.cy/en/business/fitch-upgrades-bank-of-cyprus-covered-bonds-to-bbb
Fitch Ratings has upgraded Bank of Cyprus` outstanding €650 million conditional pass-through (CPT) covered bonds to `BBB` from `BBB-` with a stable outlook, the international credit rating agency has said in a press release....
https://knews.kathimerini.com.cy/en/business/loans-in-banking-system-reach-€51-1-billion
Total deposits in February recorded a net decrease of €29.2 million...
https://knews.kathimerini.com.cy/en/life/study-examines-cypriot-consumer-habits
The majority of Cypriots prefer dining out over engaging in cultural activities, according to a recent survey, which also points to views that retail will pick it back up again but consumers also expect costs to rise. ...
https://knews.kathimerini.com.cy/en/business/hedge-funds-show-interest-in-cyprus-co-op
Major hedge funds are showing interest in the Co-Operative Bank of Cyprus, including one headed by former Bank of Cyprus Vice Chairman and current US Commerce Secretary Wilbur Ross. It is too early to predict any deal since investor goals differ from each other and all would depend on final numbers at a later stage. ...
https://knews.kathimerini.com.cy/en/business/limassol-first-to-open-casino
Limassol will be the first to kickoff the casino industry in the Republic of Cyprus with a temporary venue, along with satellite locations in other cities which are all racing against the clock to open doors this summer....
https://knews.kathimerini.com.cy/en/news/anti-foreclosure-protesters-scuffle-with-police-in-athens
Protesters opposing property auctions outside the office of a notary in the upscale Athens neighborhood of Kolonaki on Wednesday clashed with police trying to move them along....
https://knews.kathimerini.com.cy/en/business/co-op-bank-en-route-to-healthy-future
Cyprus Co-operative Bank will be healthier without a massive NPL problem. Already it has managed to cut down on the number of branches and reduce its staff, but now the big step is finding investors with the right kind of portfolio to move banking forward....
https://knews.kathimerini.com.cy/en/business/cooperative-bank-looking-to-attract-investors
The investor can acquire some or all of the share capital...
https://knews.kathimerini.com.cy/en/business/uk-home-sellers-raise-prices-by-most-since-2007
Asking prices in the first quarter of 2018 as a whole were 3 percent higher than at the end of 2017...
https://knews.kathimerini.com.cy/en/news/finance-minister-wants-focus-on-responsible-borrowers
Finance Minister Harris Georgiades says responsible borrowers deserve help, but draws the line where strategic defaulters take advantage of loopholes and don't repay their loans...
https://knews.kathimerini.com.cy/en/business/moody-s-sees-robust-economic-recovery-helping-cypriot-banks
It expects that banks will continue to make progress on restructuring troubled loans and selling real-estate collateral...
https://knews.kathimerini.com.cy/en/business/norway-underlines-faith-in-london-with-unlisted-property-bets
The Norwegian fund is one of the biggest foreign investors in Britain...
https://knews.kathimerini.com.cy/en/comment/calling-on-the-diaspora
Greek society has simply been in the pressure cooker for too long...
https://knews.kathimerini.com.cy/en/business/seven-cypriots-named-in-forbes-billionaire-list
Foreign businessmen are among the Cypriots listed on Forbes’ Billionaire list in 2018, with all seven of them totalling €17.6 billion in combined net worth despite none of them residing on the island. ...
https://knews.kathimerini.com.cy/en/news/britain-warns-russia-over-double-agent-s-mysterious-illness
The Kremlin said it was ready to cooperate if Britain asked it for help investigating the incident with Skripal...
