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1531. Bank share plunge fuels fears about Greece's vulnerability

1532. Banks have their recovery work cut out

The bank stock slump has gone on for too long and valuations are now exceptionally low, say senior credit sector officials in Athens. However, analysts questioned on the issue by Kathimerini say the problems that Greek lenders are facing will not be overcome quickly, justifying the pounding the sector has sustained on the Athens stock exchange....

1533. Nicosia taken up by storm

The capital of Cyprus was soaked in a short-lived yet powerful storm Sunday afternoon, with officials responding to multiple calls for floods and fallen trees, and an advocacy group calling for better preparedness next time...

1534. Powerful storm brings heavy rain to Greece

1535. 11 meter high waves expected as Xenophon plows towards Greece

1536. 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....

1537. AXIA Ventures Group receives Global Finance 2018 award

1538. ECB starts buying Cypriot bonds after ratings upgrade

1539. Tsipras’s last card

1540. Cops take two sisters off Nicosia streets

Two sisters from Romania have been identified as sex trafficking victims in Nicosia, after they were caught by police having sex in a public places in the eastern part of the city on Friday evening...

1541. Fitch Ratings upgrades Bank of Cyprus

1542. Nicosia Mall shoots for November opening

A recent post by Nicosia Mall chairman Marios Kalochoritis, talking about 455 people working on site, shows the current progress in completing the shopping center in the western part of the capital that continues nonstop in order to be ready for the Christmas holidays and even welcome its first customers in November...

1543. Mandatory disclosure rules: the calm before the storm

It is a well-known fact that a storm is always preceded by a strange calm. This could be the perfect description of what is about to come, as a result of the latest changes adopted on May 25th of this year by the Council of the European Union...

1544. President Anastasiades determined for resumption of Cyprus talks

1545. Weather in the clear with sea breeze

A low pressure system is affecting the area over Cyprus, making Friday rather breezy along the coast while maximum temperatures around the capital will remain in the upper 30’s throughout the weekend...

1546. North Korea's Kim agrees to permanently abolish key missile facilities

1547. Cyprus bond achieves best borrowing rate in Euro era

1548. Warm day but rain is on the way

Weather is still relatively warm in Cyprus with inland highs in the mid-30’s, while rain showers and a temperature drop on Friday are expected to last only through Saturday...

1549. Hellenic mulls over selling delinquent loans

Hellenic Bank posted a €35 million net profit for the first half of 2018, with the bank’s CEO Ioannis Matsis stating that the bank is ready to launch a tender for the sale of a portfolio of non-performing exposures within the next six months...

1550. Two men attempt 'mission impossible' in Nicosia

Two men were seen throwing a rope over a part of the inner-city wall that separates north from south in downtown Nicosia, with bystanders watching in awe as the scene unfolded just like a Hollywood movie...

1551. Obama slums Trump

Former US President Barack Obama assailed President Donald Trump and Republicans on Friday, urging Democrats to deliver a check on the administration’s “abuses of power” and restore a sense of sanity to politics by voting in November’s elections...

1552. Cyprus makes the case for regional headquartering

Cyprus has emerged as a serious contender in the world of international investment, putting a conference in Limassol next week in a unique position to promote the island as a regional headquartering centre...

1553. Cyprus argues British Military Bases in Cyprus violate UN Charter

1554. Fair skies as temperature jump recedes

A recent jump in temperature is expected to recede over the next few days, with maximum highs falling back to 37 around the capital, low 30’s elsewhere and a chance of rain later in the week...

1555. What’s on this week

If you can’t make it to Maastricht this Sunday, don’t panic. You can still go to Rialto Theatre in Limassol for an amazing live music experience. Also this week, learn Nicosia history, have fun at a fun concert, and get a tattoo for a good cause...

1556. Moody’s thumbs up to Bank of Cyprus bad loans sale

Moody’s credit rating agency says the recent sale of Non-Performing Loans by the Bank of Cyprus worth €2.8 billion is a positive step...

1557. Week starts off with yellow weather warning

Weather officials say Monday skies will be mainly clear while a yellow alert goes into effect due to high temperatures expected to reach 41 degrees around the capital...

1558. 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...

1559. 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...

1560. 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...