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/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/tsipras-in-uk-in-bid-to-promote-greek-role-in-balkans-seek-investors
Prime Minister Alexis Tsipras is in London on Monday for a three-day visit during which he is scheduled to meet with his counterpart, Theresa May, and the head of the Labour Party, Jeremy Corbyn, while attempting to present Greece as a significant player in the Balkans and investigate investment interest....
https://knews.kathimerini.com.cy/en/news/debt-deal-exceeded-market-expectations-tsipras-says
Greek Prime Minister Alexis Tsipras on Friday hailed the Eurogroup debt deal for Greece during a televised exchange with President Prokopis Pavlopoulos, referring to a "historic" agreement that exceeded the expectations of the markets....
https://knews.kathimerini.com.cy/en/news/nd-tsipras-s-delusions-delayed-debt-deal-by-four-years
Commenting on the debt deal for Greece secured at the Eurogroup summit early on Friday, conservative New Democracy said that agreement could have been achieved in 2015 if Alexis Tsipras, then opposition leader, had not been "peddling his delusions on the backs of Greek citizens."...
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/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/news/debt-collectors-to-go-after-unpaid-electricity-bills
The Cyprus Electricity Authority is resorting to private debt collectors to go after unpaid bills, following criticism that the organisation lost €65 million in late payments or defaulted accounts...
https://knews.kathimerini.com.cy/en/business/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....
https://knews.kathimerini.com.cy/en/news/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...
https://knews.kathimerini.com.cy/en/business/greece-cannot-afford-policy-reversal-after-bailout-ends-says-eu-s-costello
Greece is on course to complete its third international bailout program but cannot afford to backtrack on adopted reforms after its expiration in August, the European Commission’s mission chief to Greece said on Thursday....
https://knews.kathimerini.com.cy/en/business/finance-ministry-issues-six-year-bonds-for-natural-persons
Cyprus Finance Ministry issued domestic bonds for natural persons amounting to €6.77 million, Public Debt Management Office (PDMO) announced....
https://knews.kathimerini.com.cy/en/business/imf-berlin-still-divided-over-greek-debt-but-progress-in-sight
A meeting of the so-called Washington Group – representatives of Greece’s creditors as well as the governments of Germany, France, Spain and Italy, the biggest eurozone economies – failed to break a deadlock over the Greek debt as the International Monetary Fund and Berlin remain divided on the length of an upfront extension on bailout loans....
https://knews.kathimerini.com.cy/en/business/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...
https://knews.kathimerini.com.cy/en/business/tsipras-says-greece-will-meet-fiscal-targets-with-no-fiscal-gap-in-2018-9
Greece and its foreign creditors agreed that the country will meet its fiscal targets in the coming years and there will be no fiscal gap in 2018 and 2019, Prime Minister Alexis Tsipras told his cabinet ...
https://knews.kathimerini.com.cy/en/news/venezuela-s-re-elected-maduro-faces-overseas-censure
Venezuela’s socialist leader Nicolas Maduro faced fresh international censure on Monday after re-election in a vote foes denounced as a farce cementing autocracy in the crisis-stricken OPEC nation...
https://knews.kathimerini.com.cy/en/business/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...
https://knews.kathimerini.com.cy/en/comment/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...
https://knews.kathimerini.com.cy/en/news/brother-says-money-and-drugs-behind-strovolos-murders
The brother of the main suspect in the Strovolos double murder case is pointing fingers at his brother, telling investigators that money and drug abuse were behind the crime...
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/business/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...
https://knews.kathimerini.com.cy/en/news/it-seems-trump-paid-off-women-to-keep-their-secrets-silent
Donald Trump’s attorney, Rudy Giuliani, said on Sunday he would not rule out the possibility that payments were made to women other than porn star Stormy Daniels to get them to stay silent about allegations against Trump...
https://knews.kathimerini.com.cy/en/business/experts-says-cyprus-economy-to-grow-by-3-8-this-year
The Cypriot economy will pick up momentum in 2018, the University of Cyprus’s Economic Research Centre predicts, upgrading its growth forecast to 3.8% compared with its previous projection of 3.6%.
...
https://knews.kathimerini.com.cy/en/comment/opinion/don-t-get-caught-up-in-the-east-med-energy-hype
It is tempting for resource-poor countries to overestimate the promise of newly discovered hydrocarbon resources, particularly in times of need...
https://knews.kathimerini.com.cy/en/comment/hypocrisy-over-defence-spending
Beyond the competition that has always existed between France and Germany in this field, Greece is being accused of spending European taxpayers’ money on a shopping spree...
https://knews.kathimerini.com.cy/en/news/on-athens-visit-juncker-appears-upbeat-about-greek-recovery
In a speech before Greece’s Parliament on Thursday, European Commission President Jean-Claude Juncker expressed optimism about Greece’s economic recovery and called on its European partners to honor pledges for debt relief....
https://knews.kathimerini.com.cy/en/business/cyprus-is-open-for-business-and-china-s-buying
As US President Donald Trump builds barriers to Chinese trade, Cyprus is throwing open the gates...
https://knews.kathimerini.com.cy/en/business/cyprus-recovery-is-being-recognised-by-international-agencies
Fitch does not currently anticipate developments with a high likelihood of leading to a downgrade...
https://knews.kathimerini.com.cy/en/business/imf-projects-cyprus-gdp-growth-to-exceed-4-in-2018-19
According to the forecasts included in the WEO, based on previous assessments, the Cypriot economy is expected to record a growth rate of 3.6% in 2018 and 3% in 2019 - lower than last year's 4% and the IMF prediction...
https://knews.kathimerini.com.cy/en/business/netflix-programming-binge-pays-off-with-subscriber-surge
Netflix says it will spend up to $8 billion on global TV shows and movies in 2018...
