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1201. 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....

1202. Korean-Hellenic ship forum to highlight ties

The “Korean-Hellenic Maritime Cooperation Forum,” to be held on Wednesday, June 6, in the context of the Posidonia 2018 shipping fair next to Athens International Airport, is expected to draw quite a crowd and will highlight the long-standing cooperation between the two nations in the maritime sector....

1203. Government and Co-op begin consultations with bidders

1204. There is still hope for Cyprus to host Eurovision 2019

Despite being the first runner-up in this year’s Eurovision song contest, there appears to be a small chance that Cyprus could still be the host next year due to political and security concerns in Israel...

1205. 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....

1206. Cyprus tightens vetting for investment-for-passport scheme

In the wake of criticism that it was operating a "passports-for-cash" scheme, Cyprus has toughened up vetting procedures for those investors looking to get their hands on a European Union passport...

1207. 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...

1208. 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 ...

1209. UK financial sector wants global talent on tap after Brexit

Costs for hiring bankers, accountants and lawyers from outside Britain will soar after Brexit and threaten London’s standing as a global financial centre unless the immigration system is urgently reformed, a report said...

1210. 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...

1211. Cyprus wants to be a film industry contender

The Cyprus government wants to cut red tape that keeps film producers at bay, with a new bill in parliament aimed at attracting foreign companies that could choose the island for the next blockbuster...

1212. Trump reimbursed attorney who paid-off porn star

President Donald Trump acknowledged for the first time in an ethics disclosure that he repaid more than $100,000 to former personal attorney Michael Cohen, renewing questions about Trump’s ties to porn star Stormy Daniels...

1213. 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...

1214. Cyprus pin hopes on show-stopper Eleni Foureira

Perennial makeweight Cyprus hopes to raise its flag over the Eurovision Song Contest on Saturday with Greek singer Eleni Foureira red-hot favourite to wow audiences with her show-stopping song 'Fuego'...

1215. Hariri to visit Cyprus after government formed in Lebanon

President Nicos Anastasiades spoke Friday on the phone with Lebanon's Saad Hariri, hoping he will be re-elected as Prime Minister of Lebanon...

1216. 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...

1217. Chemical attack accusations ‘a farce’ Assad tells Kathimerini

In an exclusive interview with Kathimerini, Syrian President Bashar al-Assad denied that the Syrian Army used chemical weapons against civilians while taking aim at both Turkish President Recep Tayyip Erdogan and US President Donald Trump...

1218. UN official in Cyprus for fact-finding tour on peacekeeping

UN Assistant Secretary-General for Peacekeeping Operations Bintou Keita is in Cyprus to review the UN peacekeeping force (UNFICYP) and the ongoing progress in the implementation of the Security Council-mandated strategic review of the Mission...

1219. First shipping minister sets ambitious targets for Cyprus

The country’s location and tax system have made it a shipping magnet -- drawing maritime companies from Norway, Greece, Dubai and South Korea -- and prompting the creation of a ministry for the industry...

1220. US Treasury Assistant Secretary encouraged by meetings in Cyprus

The United States have been encouraged by the commitments made by Cypriot officials in the framework of meetings US Department of the Treasury Assistant Secretary for Terrorist Financing Marshall Billingslea held on Friday and will continue to work with Cyprus to combat corruption, money laundering, and other financial threats....

1221. 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%. ...

1222. EU predicts strong growth as unemployment declines

The Commission foresees a "strong growth momentum continuing" in the coming years, but warned of risks widening...

1223. Oil tank demolition paves the way for a new Larnaca

The first oil tank demolition started Thursday on the old Larnaca-Dhekelia road, with President Nicos Anastasiades doing the honours by helping cut the first piece using a welding torch...

1224. 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...

1225. Legislation in the works to tax Airbnb rentals in Cyprus

Home owners who rent out their properties through Airbnb will have to pay taxes if a new law is passed in the Republic of Cyprus, but this may not be enough for tourism stakeholders who have been calling for more restrictions on the online service....

1226. Cyprus recovery is being recognised by international agencies

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

1227. Co-op suffered 'nightmare' bank run

A top official at the Cooperative Bank says more money was lost in bank deposits first quarter this year, just shy of 2 billion, than the outflow during the 2013 crisis....

1228. #PoliticsBlog Loans to Politicians

The Non-Performing Loans (NPL) associated with political public figures reach over €160 million just in the cooperative bank alone. New measures are welcome but can they deliver?...

1229. FinMin: Revenue from NPLs management will repay cost of support to Co-op

Government moves include establishing an asset – management company, based on conditions that the competent European institutions will set and depending on the finalisation of investment interest in the Co-op...

1230. Scholz seen to pick up where Schaeuble left off

Despite the cordial meeting on Friday between Finance Minister Euclid Tsakalotos and his new German counterpart Olaf Scholz, Berlin made it clear that the key Greek demand of debt relief will only be discussed after Greece’s bailout program ends....