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781. Greek finance ministry lifts capital controls on cash withdrawals

Greece’s Finance Ministry announced on Thursday it is lifting all capital controls on cash withdrawals and the movement of capital within the country....

782. AXIA Ventures Group receives Global Finance 2018 award

783. Fitch Ratings upgrades Bank of Cyprus

784. Bank of Cyprus plans voluntary layoffs in 2019

785. Co-working spaces and Entrepreneurship

786. Bank of Cyprus CEO makes the case for Cyprus recovery

787. Greek banks to chase borrowers who refused to open their accounts

Banks have firmly focused their attention on debtors who have resorted to the provisions of the so-called Katseli law – named after former economy minister Louka Katseli – for protection now that their bank account secrecy has been lifted....

788. Cyprus bond achieves best borrowing rate in Euro era

789. Cyprus back into investment grade

Cyprus got its investment worthiness stripes back on Friday as Standard & Poor’s raised the country’s credit grade from BB+ to BBB- with a stable outlook, five years following a devastating financial collapse...

790. EU Commissioner for Competition Margrethe Vestager visits Cyprus

791. Russia, Iran and Turkey have different visions for Syria but all three face US sanctions

792. 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...

793. 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....

794. 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....

795. 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...

796. 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....

797. 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....

798. 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...

799. 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....

800. Moody’s says BoC 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...

801. 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...

802. 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...

803. 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...

804. 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...

805. 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...

806. 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....

807. 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...

808. 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...

809. 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...

810. 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...