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2221. Kalogerides fears for his life in prison

A bank robbery suspect in Limassol fears for his life following his arrest, saying he is worried that the Russian ‘Vory v Zakone’ mafia is well connected on the island including inside the prison...

2222. Capital controls eased further as of Monday

Capital controls were eased further on Monday with depositors now permitted to withdraw a monthly maximum of 5,000 euros from bank accounts, up from 2,300 euros....

2223. Turkish aid to north comes to 430 million

The Turkish Cypriot economy is expected to get a boost from Turkish aid in 2018, with approximately €430 million being spent in different areas of the self-declared state in the north...

2224. Cypriot mother-son duo involved in illegal drug entreprise

Two Cypriots, mother and son, are involved in a case of international illegal drug trafficking, with UK authorities saying the woman in London was making trips to collect money on her son’s behalf...

2225. Audit report on CCB made public amid negotiations

An audit report on the Cyprus Cooperative Bank (CCB) was made public on Friday, amid negotiations between the Co-op and its two bidders, making recommendations for improvement but also criticising the institution on a number of decisions...

2226. Account manager gets 8 years for stealing €2 million

An accounts manager in Nicosia has been sentenced to eight years after she was found guilty of embezzlement and money laundering to the tune of €2 million...

2227. Passport scheme could bring ‘Dutch disease’ to Cyprus

The Fiscal Council is warning that the passports-for-cash scheme could mean that some sectors of the economy could suffer while others grow, a phenomenon known as the Dutch disease...

2228. Spanish police detain, then release Kremlin critic Browder

British businessman Bill Browder, a prominent Kremlin critic, was detained and then released by Spanish police on Wednesday, after a warrant for his arrest he said came from Russia was found to be no longer valid...

2229. US officials give list to Cyprus central bank

Officials from the US Department of Treasury have asked authorities in Cyprus to scrutinize a number of personal accounts, following a recent visit to the island...

2230. Government and Co-op begin consultations with bidders

2231. Search for 'lost brides' of Cyprus digs up painful past

Those who witnessed it said a sobbing Fetine Menish had to be physically dragged by each arm to meet her fate; the 14-year-old was being married off to a Palestinian merchant searching Cyprus for a suitable Muslim wife to take back home...

2232. ARIS joins forces with Taurus Aurum to supercharge the Cypriot startup entrepreneurship ecosystem

ARIS, an early-stage accelerator launched by the Bank of Cyprus and Deloitte earlier this year and Taurus Aurum Global Property Fund Limited, a multicompartamental private-owned self-managed Alternative Investment Fund headquartered in Nicosia, signed a Memorandum of Understanding (MOU) on the 24th of May 2018 in Nicosia...

2233. Film producer Weinstein to surrender on sex assault charges

Film producer Harvey Weinstein was expected to surrender to authorities in New York on Friday, months after he was toppled from Hollywood’s most powerful ranks by scores of women accusing him of sexual assault, a person familiar with the case said....

2234. Mueller probes PSY Group’s money flow into Cyprus

US Special Counsel Robert Mueller is turning his attention to Cyprus and bank records of an Israeli-based firm that worked together with Cambridge Analytica to boost election chances for President Donald Trump...

2235. CBD bank fined  €715,000 for non-compliance of anti-laundering rules

The Central Bank of Cyprus announced Tuesday that it has imposed a fine amounting to €715,000 on the Cyprus Development Bank Ltd due to non-compliance with anti-laundering laws and directives...

2236. Cyprus tightens vetting for investment-for-passport scheme

In the wake of criticism that it was operating a "passports-for-cash" scheme, Cyprus has toughened up vetting procedures for those investors looking to get their hands on a European Union passport...

2237. Cyprus forecasts high GDP growth of 3% plus until 2021

High growth rates exceeding 3% of the GDP and high primary surpluses are projected until the year 2021 in the Strategic Fiscal Policy Framework (SFPF) 2019-2021, which was approved by the cabinet...

2238. UK financial sector wants global talent on tap after Brexit

Costs for hiring bankers, accountants and lawyers from outside Britain will soar after Brexit and threaten London’s standing as a global financial centre unless the immigration system is urgently reformed, a report said...

2239. Russian 'dirty money' flowing through London damages UK

Russian money hidden in British assets and laundered through City of London financial institutions damages the government’s efforts to take a tough stance against Moscow’s aggressive foreign policy, a committee of lawmakers said...

2240. Cyprus wants to be a film industry contender

The Cyprus government wants to cut red tape that keeps film producers at bay, with a new bill in parliament aimed at attracting foreign companies that could choose the island for the next blockbuster...

2241. Europe’s walls and Italy

A coalition government between two Italian parties that are ready to challenge core European Union rules and practices will show whether the Union still has reserves of strength or whether decay and fragmentation are inevitable...

2242. Booming Cyprus breaks more tourism records

An influx of Russian and British tourists has helped Cyprus break more records for the number of arrivals this year...

2243. Six Greek bank staff linked to gang that netted €2.7 million from safe deposit boxes

Six bank employees are being charged as members of a criminal ring believed to have netted more than €2.7 million in cash and valuables from safe deposit boxes of a branch of National Bank in Thessaloniki over a period of 17 years...

2244. Cyprus GDP growth is creating more jobs

Bailed out eurozone member Cyprus notched up its 13th consecutive quarter in positive growth with GDP rising 0.8 percent in the first quarter, an official estimate showed...

2245. Non-performing loans in banking system spike by €1.5 billion

Non-performing exposures (NPEs) in the Cyprus banking system jumped up by €1.5 billion in January, as International Financial Reporting Standard 9 entered in to force...

2246. Co-op receives two bids in good bank, bad bank scenarios

The Cooperative Central Bank (CCB) announced on Monday it has received two bids as part of its privatisation process launched in March, with one bidder going after the ‘good bank’ scenario just as the European Commission approved the acquisition of Altamira Cyprus by a joint platform with CCB and one of the bidders...

2247. Israeli forces kill dozens in Gaza protests as anger mounts over US Embassy

Israeli forces killed at least 41 Palestinians along the Gaza border on Monday, health officials said, as demonstrators streamed to the frontier on the day the United States prepared to open its embassy in Jerusalem...

2248. Probe into lawyers involved in migrant smuggling rackets

Judicial authorities in northern Greece are investigating the involvement of local lawyers in rackets smuggling migrants and refugees across Greece’s Evros River border from Turkey...

2249. Erdogan slams rating agencies for upgrading 'bankrupt' Greece

Turkish President Recep Tayyip Erdogan took a fresh swipe at rating agencies on Friday over the recent downgraded and the negative outlook they have assigned for the Turkish economy, using “bankrupt” Greece as an example....

2250. All lights 'set on green' for end to Greek bailout

Greece’s exit from a bailout program instituted by the eurozone and International Monetary Fund looks set to proceed in August, Luxembourg finance minister Pierre Gramegna said on Friday...