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/life/saudi-arabia-s-first-new-cinema-in-decades-to-open
Saudi Arabia had some cinemas in the 1970s but its powerful clerics closed them"...
https://knews.kathimerini.com.cy/en/news/fears-that-erdogan-is-controlling-migrant-flows-to-raise-pressure
Tensions have peaked in the Aegean in recent weeks with a spike in Turkish violations of Greek airspace and disputes at sea...
https://knews.kathimerini.com.cy/en/business/china-retaliates-for-us-tariffs-slaps-duties-on-soybeans-planes-autos
The scale of China’s tariff targets was in line with Beijing’s pledge to mount a commensurate response...
https://knews.kathimerini.com.cy/en/news/turkey-will-get-russian-s-400-missiles-next-year
The deal worth some $2.5 billion has worried the West because the system cannot be integrated into NATO’s military architecture...
https://knews.kathimerini.com.cy/en/news/eu-turkey-migrant-deal-‘at-risk-report-says
The deal signed between Ankara and Brussels in March 2016 to crack down on human trafficking over the Aegean is hanging in the balance as several countries are reportedly refusing to pay for it, insisting that the European Commission cover the next tranche of 3 billion euros in funding pledged to Turkey....
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/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Kiev has already withdrawn PwC’s right to audit Ukrainian banks as punishment for its alleged failure to flag evidence of wrongdoing at PrivatBank...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/china-hammers-us-goods-with-tariffs
Eight other products, including pork and scrap aluminium, will now be subject to additional tariffs of 25 percent...
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/news/nine-conservatives-demand-vote-on-britain-leaving-eu-customs-union
The changes drawn up include one giving parliament a vote on staying in a customs union “which is almost certain to pass”...
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/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/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/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/news/eu-leaders-host-turkish-president-erdogan-for-uneasy-summit
Erdogan will seek more money for Syrian refugees, a deeper customs union and progress on letting Turks visit Europe without visas...
https://knews.kathimerini.com.cy/en/business/china-urges-us-away-from-brink-of-trade-war
China showed readiness to retaliate by declaring plans to levy additional duties on up to $3 billion of US imports...
https://knews.kathimerini.com.cy/en/business/cypriot-investor-signs-$4-2-billion-zimbabwe-platinum-deal
It is the largest investment structure in the country’s mining industry in Zimbabwe...
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/zuckerberg-apologised-for-facebook-mistakes
His plans did not represent a big reduction of advertisers’ ability to use Facebook data,...
https://knews.kathimerini.com.cy/en/news/cyprus-won-t-abandon-gas-search-despite-geopolitical-challenges
Drillings planned in Cyprus' EEZ for 2018 mainly by ExxonMobil will give a pretty good idea about the island's resources...
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/news/academic-behind-facebook-breach-says-he-is-a-scapegoat
Facebook has been rocked by a whistleblower who said that Cambridge Analytica had improperly accessed information on 50 million users...
https://knews.kathimerini.com.cy/en/news/biggest-yacht-in-the-world-in-limassol
Limassol may be the focus of attention this week as the American Iwo Jima is in the area for exercise drills, but a different kind of boat is now stealing the show, the luxury superyacht Dilbar which is the biggest in the world....
https://knews.kathimerini.com.cy/en/business/cyprus-records-€0-4-billion-negative-trade-balance
According to the first estimate for the euro area exports of goods to the rest of the world in January was €178.6 billion...
https://knews.kathimerini.com.cy/en/news/self-driving-uber-car-kills-woman-crossing-street
The ride services company said it was suspending North American tests of its self-driving vehicles...
https://knews.kathimerini.com.cy/en/news/tourist-arrivals-spike-23-4-in-february
Tourist arrivals have hit record highs in every month since March 2017
...
https://knews.kathimerini.com.cy/en/business/google-makes-push-to-turn-product-searches-into-cash
Over the past two years, mobile searches asking where to buy products soared by 85 percent...
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...
