https://knews.kathimerini.com.cy/en/news/turkish-cypriots-to-touch-base-with-ankara
Turkish Cypriot officials are reportedly getting ready for a trip to Ankara where they will discuss the Turkish economic crisis and its impact on the northern part of the island...
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-gets-rid-of-small-business-bad-loans
The Bank of Cyprus says it has sold a portfolio of non-performing loans worth €2.8 billion to Apollo Global Management, a transaction that will reduce its stock of NPLs to €5.2 billion...
https://knews.kathimerini.com.cy/en/news/former-trustee-says-co-op-sapped-with-impunity
Investigators in the probe into the collapse of credit unions in Cyprus heard testimony this week that political parties endorsed a sense of impunity among bank officials...
https://knews.kathimerini.com.cy/en/news/mueller-has-one-more-day-to-decide-on-cyprus-counts
US special counsel Robert Mueller has until Wednesday to decide whether to retry Paul Manafort on charges involving Cyprus accounts that failed to yield a conviction after a holdout juror...
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-ceo-stays-put-through-2020
Bank of Cyprus CEO John Patrick Hourican will stay in his current position through the end of 2020, following a decision by the executive board at the largest lending institution in Cyprus...
https://knews.kathimerini.com.cy/en/news/odysseas-says-harris-was-being-stubborn
The auditor general is pointing fingers at the finance ministry’s handling of the Cyprus Cooperative Bank affair, telling an independent investigation committee that some actions were misleading...
https://knews.kathimerini.com.cy/en/news/scam-promises-chance-to-win-expensive-phones
Cybercrime police have been inundated with complaints about a scam using the Post Office logo, where consumers receive misleading text and online messages about a chance to win expensive phones...
https://knews.kathimerini.com.cy/en/news/bulgaria-scrambling-over-olympic-bankruptcy
The bankruptcy of Cyprus-based Olympic Insurance Company has become the focus of attention and a regulator has resigned, after 200,000 Bulgarians were left without insurance...
https://knews.kathimerini.com.cy/en/comment/opinion/come-back-support-greece
We are caught between celebrations over Greece’s “clean exit” from the bailout programs on one hand and, on the other, allegations that the country has effectively signed up to what can be considered a “fourth memorandum” and is headed to economic disaster....
https://knews.kathimerini.com.cy/en/news/legal-department-terminates-augusta-helicopter-probe
The Legal Services department is closing the case of the controversial purchase of Agusta helicopters, saying investigators did not find evidence of wrongdoing...
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...
