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211. Government throws Co-Op ball in Hellenic’s court

The Cyprus Cooperative Bank will examine Monday a final offer from Hellenic Bank to acquire the troubled state-owned institution, with government seeing the buyout as a good step while critics saying tax payers are unfairly picking up the tab...

212. Hellenic moments away from CCB offer

The privatisation deal for Cyprus Cooperative Bank could be moments away, with Hellenic Bank putting the finishing touches on the final makeup of its new shareholder base...

213. Officials say hot weather manageable so far

Officials say a yellow weather warning on Saturday played a role towards helping reduce heat stroke incidents, with Sunday temperatures rolling back and a chance of rain showers Monday and Tuesday...

214. Yellow alert as Cyprus weather hits 41 degrees

Cyprus Weather Service issued a Yellow Weather Alert for Saturday from noon until 5pm due to very hot weather, with temperatures expected to climb above 40 degrees around the capital...

215. Audit report on CCB made public amid negotiations

An audit report on the Cyprus Cooperative Bank (CCB) was made public on Friday, amid negotiations between the Co-op and its two bidders, making recommendations for improvement but also criticising the institution on a number of decisions...

216. Government and Co-op begin consultations with bidders

217. Non-performing loans in banking system spike by €1.5 billion

Non-performing exposures (NPEs) in the Cyprus banking system jumped up by €1.5 billion in January, as International Financial Reporting Standard 9 entered in to force...

218. Co-op receives two bids in good bank, bad bank scenarios

The Cooperative Central Bank (CCB) announced on Monday it has received two bids as part of its privatisation process launched in March, with one bidder going after the ‘good bank’ scenario just as the European Commission approved the acquisition of Altamira Cyprus by a joint platform with CCB and one of the bidders...

219. Hellenic Bank in a time crunch to bid on Co-op

The deadline in the privatisation process for the Cyprus Cooperative Bank (CCB) has been postponed until mid-May, setting in motion the executive board at the Hellenic Bank to intensify discussions on making a bid. ...

220. Cyprus recovery is being recognised by international agencies

Fitch does not currently anticipate developments with a high likelihood of leading to a downgrade...

221. Trump warns the missiles are coming for Syria

The White House pushed back against suggestions that Trump had broadcast his plans for military strikes via Twitter...

222. Russian message said 'package has been delivered' before spy attack

Yulia and Sergei Skripal are recovering following Novichok attack in Salisbury...

223. Starbucks coffee in California must have cancer warning

A not-for-profit group sued 90 coffee retailers, including Starbucks, for violating California law requiring companies to warn consumers of chemicals in their products ...

224. 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....

225. Fitch upgrades Bank of Cyprus covered bonds to 'BBB'

Fitch Ratings has upgraded Bank of Cyprus` outstanding €650 million conditional pass-through (CPT) covered bonds to `BBB` from `BBB-` with a stable outlook, the international credit rating agency has said in a press release....

226. New dust rules for schools

High dust levels are expected to drop as rain sets in, but schools are not taking a chance on their students and are taking measures against outdoor exposure. Meanwhile, cooler and rainy weather is expected to clear the atmosphere while temperatures will rise again by Friday. ...

227. 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...

228. Britain warns Russia over double agent's mysterious illness

The Kremlin said it was ready to cooperate if Britain asked it for help investigating the incident with Skripal...