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2521. Deloitte: 2nd Cyprus Open Data Hackathon

2522. Cyprus eyes 10-year low yield bond after S&P lifts sovereign to investment grade

2523. Investors in Cyprus can reap benefits

Participants at the third Cyprus International Investors Summit in Limassol got to see a list of competitive advantages that make Cyprus stand out in starting a business on the island...

2524. EU Commissioner for Competition Margrethe Vestager visits Cyprus

2525. AG disagrees with former banker’s acquittal

Attorney General Costas Clerides disapproves of the acquittal of former banker Andreas Eliades, saying cases involving the collapse of the credit and financial system are “difficult and complicated...

2526. INTERVIEW WITH THE FRENCH MINISTER OF FOREIGN AFFAIRS

2527. Latest inflation figures point up

Inflation is on the rise in Cyprus amid hikes in fuel prices with the annual rate reaching 2.5% last month, almost one percentage point compared to last year until August...

2528. Seven thousand fewer jobless in one year

The number of registered unemployed in Cyprus decreased in August 2018 by 7,137 people or 23%, compared to August last year...

2529. 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...

2530. Former trustee says Credit Unions were in chaos

Another former trustee of the defunct Cyprus Cooperative Bank speaks out, describing a world of chaos at the financial institution where lack of expertise, political pressure, and wrongdoing ruled the day ...

2531. 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...

2532. Light reshuffle seeks balance

Prime Minister Alexis Tsipras gave his cabinet a light reshuffle on Tuesday, promoting certain close associates and bringing in some new faces while keeping key ministry posts untouched....

2533. Ozersay accuses south of putting the clamps on north

A Turkish Cypriot top official has accused the Foreign Ministry of the Republic of Cyprus of unfairly targeting the shipping industry and universities in the north at a time when there are calls for better relations between the two communities...

2534. 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...

2535. Additional revenues of 4.7 billion euros needed to reach targets

The Greek government will have to collect additional tax revenues of 4.7 billion euros in the first post-bailout period of enhanced supervision (2018-2022) by its creditors, in order to achieve the agreed primary surpluses and record surpluses....

2536. Come back, support Greece

We are caught between celebrations over Greece’s “clean exit” from the bailout programs on one hand and, on the other, allegations that the country has effectively signed up to what can be considered a “fourth memorandum” and is headed to economic disaster....

2537. NGO says asylees can’t cope in Cyprus

A human rights group is calling on authorities to do more to help asylum applicants in Cyprus, saying rules governing financial aid are “racist and inhuman” five years post economic crisis...

2538. 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....

2539. Stephen Lillie: There is only plan A for Cyprus

There is a clear plan A for Cyprus, that of a bi-zonal, bi-communal federation solution, and there is no plan B, UK High Commissioner in Nicosia, Stephen Lillie, has told the Cyprus News Agency (CNA), stressing that “for plan A to succeed the negotiations need to be well prepared, and the public opinion needs to be well prepared” as well....

2540. Regling says Greece will remain linked to ESM

Greece will be monitored more closely by the European Stability Mechanism (ESM) and the other institutions after its bailout ends six days from now compared to other countries that emerged from rescue programs, according to ESM chief Klaus Regling....

2541. The mistakes of Greece’s creditors

A lot has been said about the mistakes made by Greece’s lenders during the bailout programs. The fact is they made many errors, including some serious ones. Meanwhile, Greek politicians were responsible for refusing to take ownership of the required reforms and failing to reach a degree of basic consensus. ...

2542. Global jitters hit Greek bonds

Just days before Greece is to emerge from its international bailouts, upheaval in international markets took a toll on Greek bonds on Thursday, driving yields up above 4 percent....

2543. Price caps on gasoline in some islands expected

The authorities are expected to impose a two-month price cap on fuel prices in the southern Aegean islands where unleaded gasoline has soared to almost 2 euros per liter....

2544. Yay or Nay on Daylight Saving Time

Only one week is left as European citizens are asked to vote whether they want to keep or scrap Daylight Saving Time...

2545. Hot weather still a Cyprus gold mine

Inbound visitors drawn to the island spend more money than what outbound locals spend overseas, and a study says it is because of the warm climate...

2546. 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....

2547. Investing in knowledge

A growth rate of 1.9 percent is way too small for a country like Greece, especially as the rest of Europe’s performance is so much more robust. This is, after all, a country that shed 25 percent of its gross domestic product (GDP) in the course of a decade. What we should be seeing, therefore, is the effect of a tightly wound spring, whereby a virtuous cycle of growth begins and only gets faster with time. Instead, we’re hobbling along at 1.9 percent, the slowest rate an economy can achieve after hitting rock bottom....

2548. 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...

2549. Government exploring ways to suspend pension cuts

The government is hoping that surpluses at the Single Social Security Entity (EFKA) will allow the non-implementation of pre-legislated pension cuts on January 1 next year....

2550. Bank of Cyprus sells UK subsidiary

The Bank of Cyprus Financial Services is being sold to Cynergy Capital, as the BoC walks away from the UK to put more focus on performance in a rebounding Cypriot economy...