https://knews.kathimerini.com.cy/en/business/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...
https://knews.kathimerini.com.cy/en/life/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'...
https://knews.kathimerini.com.cy/en/news/revolution-sweeps-armenian-opposition-leader-into-power
Opposition leader Nikol Pashinyan was elected Armenia’s prime minister on Tuesday, capping a peaceful revolution driven by weeks of mass protests against corruption and cronyism in the ex-Soviet republic...
https://knews.kathimerini.com.cy/en/news/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....
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/bank-run-at-cooperative-peaked-in-march
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....
https://knews.kathimerini.com.cy/en/comment/politcsblog-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?...
https://knews.kathimerini.com.cy/en/business/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...
https://knews.kathimerini.com.cy/en/business/georgiades-makes-the-good-case-for-ccb
Borrowers who default on a loan won’t be able to pick up the phone and ask a politician to intervene, according to Finance Minister Harris Georgiades, who insists that separating healthy banking from bad loans is the best way forward for the Cyprus Cooperative Bank....
https://knews.kathimerini.com.cy/en/business/privatisation-of-co-op-may-lead-to-the-creation-of-a-bad-bank
A process launched by the nationalised Cooperative Cyprus Bank may lead to the creation of an Asset Management Company also known as a bad bank ...
https://knews.kathimerini.com.cy/en/news/cooperative-bank-outflow-appears-to-have-stopped
The Cyprus finance minister says outflow has stopped at the state-owned Cyprus Cooperative Bank, following a €2.5 billion deposit by the government that is seeking private investors for the troubled institution....
https://knews.kathimerini.com.cy/en/news/labour-exploitation-is-the-main-form-of-trafficking-in-cyprus
Labour exploitation has emerged as the predominant form of trafficking in Belgium, Cyprus, Georgia, Portugal, Serbia and the UK...
https://knews.kathimerini.com.cy/en/news/speed-camera-plans-move-forward
Just as plans for speed cameras seemed to be going nowhere, an official meeting last week gave the go ahead for the tender process to begin within the next few months. ...
https://knews.kathimerini.com.cy/en/news/gun-totting-paok-president-gets-3-year-ban
Greek club PAOK Salonika’s president Ivan Savvidis was banned from all soccer stadiums for three years ...
https://knews.kathimerini.com.cy/en/news/us-gifts-customs-equipment-to-cyprus
The US donates detection equipment to the Cyprus Customs Department in a move described as helping combat illicit trade, especially narcotics, and illegal weapons transfer....
https://knews.kathimerini.com.cy/en/news/paphos-burglary-takes-bizarre-turn
A rather bizarre incident took place in Paphos, where a Russian orthodox priest reported a burglary with holy relics being among the stolen goods....
https://knews.kathimerini.com.cy/en/business/cyprus-and-uk-sign-new-treaty-for-double-taxation-avoidance
For the Cyprus government, the expansion of economic relations with the United Kingdom is a top priority...
https://knews.kathimerini.com.cy/en/business/hedge-funds-show-interest-in-cyprus-co-op
Major hedge funds are showing interest in the Co-Operative Bank of Cyprus, including one headed by former Bank of Cyprus Vice Chairman and current US Commerce Secretary Wilbur Ross. It is too early to predict any deal since investor goals differ from each other and all would depend on final numbers at a later stage. ...
https://knews.kathimerini.com.cy/en/business/co-op-bank-en-route-to-healthy-future
Cyprus Co-operative Bank will be healthier without a massive NPL problem. Already it has managed to cut down on the number of branches and reduce its staff, but now the big step is finding investors with the right kind of portfolio to move banking forward....
https://knews.kathimerini.com.cy/en/news/house-president-concludes-official-visit-to-georgia
President of the House of Representatives Demetris Syllouris concluded on Tuesday his official visit to Georgia....
https://knews.kathimerini.com.cy/en/news/cypriot-and-georgian-parliaments-support-closer-ties
President of the House of Representatives Demetris Syllouris, in Georgia on the first official visit by a Cypriot House Speaker to the country, has expressed his wish to enhance ties with the Georgian parliament....
https://knews.kathimerini.com.cy/en/news/finance-minister-wants-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...
