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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https://knews.kathimerini.com.cy/en/news/house-prepares-to-define-good-and-bad-borrowers
The distinction between responsible and irresponsible borrowers is at the forefront of heated debate this week, with Presidential Palace and Parliament scrambling to strike balance ahead of a crucial vote...
https://knews.kathimerini.com.cy/en/news/government-welcomes-diko-support-on-bad-loans
The Cyprus government says it can work with opposition centrist party Diko to pass much needed comprehensive legislation on bad loans that would also pave the way for a co-op deal to go forward...
https://knews.kathimerini.com.cy/en/news/bad-loans-revive-mp-financial-disclosure-debate
A ruthless debate is picking up steam among members of parliament following public discussion and media coverage that raises the issue of conflict of interest ahead of a crucial vote on bad loans...
https://knews.kathimerini.com.cy/en/news/first-casino-in-the-republic-opens-its-doors
The first casino in the Republic of Cyprus opened its doors Thursday in Limassol on a temporary basis, until the City of Dreams Mediterranean resort goes into operation in 2021, while other towns will operate satellite casinos soon...
https://knews.kathimerini.com.cy/en/news/ag-names-investigators-to-comb-though-entire-co-op
A former judge, an economist, and a banker will make up the executive committee that will investigate any suspicious dealings that took place in the troubled Cypriot co-op...
https://knews.kathimerini.com.cy/en/news/co-op-deal-with-hellenic-still-up-in-the-air
The government is running against the clock with bad loans legislation, which would include a bill approving state guarantees for Hellenic Bank to absorb potentially high-risk loans in co-op takeover...
https://knews.kathimerini.com.cy/en/business/cyprus-co-op-bank-freezes-accounts-with-bad-loans
The Cyprus Cooperative Bank on Friday froze accounts of customers who keep their loans delinquent on purpose, as the bank makes an effort to force them to seek refinance terms...
https://knews.kathimerini.com.cy/en/business/esm-warns-cypriot-banks-of-quick-fixes
The European Stability Mechanism warns Cyprus that despite a recent decline in non-performing loans (NPL), the banking sector remains vulnerable due to weak profitability and a still high NPL ratio...
https://knews.kathimerini.com.cy/en/business/cyprus-to-crackdown-on-shell-companies
The Central Bank of Cyprus has just made it harder for brokers to set up front companies on the island, following pressure from US officials who say more needs to be done to combat money laundering...
https://knews.kathimerini.com.cy/en/news/probe-countdown-begins-for-cyprus-co-op-debacle
Attorney General Costas Clerides is moving forward with the launching of an investigation into possible offences at the Cyprus Cooperative Bank, in connection with bad loans worth €7.5 billion...
https://knews.kathimerini.com.cy/en/news/co-op-bankers-plead-not-guilty-in-unsecured-loans-scandal
Senior co-op executives pleaded not guilty to fraud charges in connection with a banking scandal where loans worth millions were given out without due process...
https://knews.kathimerini.com.cy/en/comment/politicsblog-end-of-an-era-and-harris-bitter-chalice
Journalists often abuse the term 'end of an era' but in the case of the Cyprus Cooperative Bank, these words totally fit the bill...
https://knews.kathimerini.com.cy/en/news/government-throws-co-op-ball-in-hellenic-s-court
The Cyprus Cooperative Bank will examine Monday a final offer from Hellenic Bank to acquire the troubled state-owned institution, with government seeing the buyout as a good step while critics saying tax payers are unfairly picking up the tab...
https://knews.kathimerini.com.cy/en/news/uk-court-convicts-cypriot-drug-lord-s-mother
A UK court has convicted a Cypriot woman, mother of a drug lord in Cyprus, of talking part in an illegal drug trafficking network by making trips around London to collect money on her son’s behalf...
https://knews.kathimerini.com.cy/en/business/worried-investors-looking-for-lillevyali-in-cyprus
The whereabouts of Russian hedge fund manager German Lillevyali are currently unknown, but his possible location in Cyprus is shrouded in even more mystery as people are looking to get their money back...
https://knews.kathimerini.com.cy/en/news/couple-in-money-fraud-case-suddenly-off-the-hook
A married couple accused of stealing hundreds of thousands of euro from bank safe deposit boxes is off the hook after a state prosecutor failed to file charges against them properly....
https://knews.kathimerini.com.cy/en/business/hellenic-moments-away-from-ccb-offer
The privatisation deal for Cyprus Cooperative Bank could be moments away, with Hellenic Bank putting the finishing touches on the final makeup of its new shareholder base...
https://knews.kathimerini.com.cy/en/business/funds-cryptocurrencies-the-development-and-the-technology
For the second consecutive year, the Cyprus Chamber of Commerce and Industry, Cyprus-Russian Business Association and K. Treppides & Co Ltd are organizing a half day conference on the 14th of June 2018 at Four Seasons Hotel in Limassol, in an attempt to inform the investors and the Global Market about the Cyprus Fund’s market and the relationship that the Funds in Cyprus can have with the technology...
https://knews.kathimerini.com.cy/en/news/new-charges-connect-dots-in-russia-collusion-probe
Recent witness tampering allegations against Paul Manafort, the former Trump campaign manager accused of money laundering in Cyprus among others, are linked to new charges against a political operative with alleged ties to Russian spies...
https://knews.kathimerini.com.cy/en/news/cyprus-found-guilty-of-abusing-man-in-custody
The Republic of Cyprus will have to pay €25,000 to a Canadian citizen, following a decision by the European Court of Human Rights that found he was abused while in police custody and authorities did not carry out an effective investigation into his complaint...
