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541. Demetra Investment acquires 16% stake in Lordos Hotels

542. Astrobank in talks to buy National Bank of Greece Cyprus unit

543. Cyprus celebrates Independence Day

A military parade took place in Nicosia on Monday to mark the independence of the Republic of Cyprus, when the island moved from being a British colony to an official UN member state 58 years ago...

544. Powerful storm brings heavy rain to Greece

545. Institutions are testing the resilience of Cypriot society

546. Cyprus back into investment grade

Cyprus got its investment worthiness stripes back on Friday as Standard & Poor’s raised the country’s credit grade from BB+ to BBB- with a stable outlook, five years following a devastating financial collapse...

547. EU Commissioner for Competition Margrethe Vestager visits Cyprus

548. Hellenic mulls over selling delinquent loans

Hellenic Bank posted a €35 million net profit for the first half of 2018, with the bank’s CEO Ioannis Matsis stating that the bank is ready to launch a tender for the sale of a portfolio of non-performing exposures within the next six months...

549. Bank of Cyprus adds 24300 new retail accounts in August

550. Hellenic takes on 400,000 new customers

Hellenic Bank is taking on 400,000 new customers, leaving bad debt behind in the acquisition of healthy parts of state-owned Cyprus Cooperative Bank...

551. More Turkish violations of Greek air space

With Greece reeling on Tuesday from the death of a Hellenic Air Force pilot during a training flight, six Turkish fighter jets violated Greek national air space a total of 47 times over the northeast, central and southeast parts of the Aegean Sea....

552. Air force pilot dies after plane crashes

The captain of a Hellenic Air Force training aircraft who died in a plane crash during a training flight on Tuesday has been named....

553. Odysseas says Harris was being stubborn

The auditor general is pointing fingers at the finance ministry’s handling of the Cyprus Cooperative Bank affair, telling an independent investigation committee that some actions were misleading...

554. Prometheus sails into Limassol port

Navy enthusiasts will have a chance to go on board the Greek support ship HS Prometheus, which is making a stop in Cyprus this week...

555. Over a thousand employees choose Co-Op buyout

Over a thousand employees at Cyprus Cooperative Bank signed up for a voluntary severance package, well above the target of 900 set by the bank ahead of a takeover by Hellenic Bank...

556. AHI says US ban on arms sales to Cyprus «unlawful»

The US prohibition on sales of defense and military technology to Cyprus is “unlawful” and can be removed without the need for legislation, a Greek American lobby group has said....

557. 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....

558. Wanted: A respected person for assistance effort

After the cries of despair come the calls for help and the need for long-term support. The victims of the lethal inferno that devastated eastern Attica on July 23 don’t just need words of solidarity but deeds too....

559. A useful proposal, instead of useless noise

Nowadays, the actions of politicians are strongly geared toward their public image....

560. Hellenic forms ad hoc integration committee

Hellenic Bank says it has put together an ad hoc committee to oversee and facilitate the integration of recently-bought parts of Cyprus Cooperative Bank into the publicly traded Cypriot company...

561. Unions okay with CCB severance package

Union employees at Cyprus Cooperative Bank have agreed to sign up on a severance package plan this summer, ahead of a takeover by Hellenic Bank, saying it can contribute to labour peace...

562. Search continues as wildfires death toll climbs to 80

Rescue crews Wednesday continued to search the seaside areas northeast of Athens that were the worst affected by wildfires to locate any further victims, as the official death toll rose to 80...

563. Unions to discuss CCB severance offer

The Cyprus Cooperative Bank is making another effort to strike a deal with unions in order to get 900 employees agree to walk away...

564. Athens release Cabinet minutes from 20 July 1974

The Greek parliament has made a part of historical document from its “Cyprus case files” publicly available on Friday, releasing the minutes of a Cabinet meeting on 20 July 1974...

565. President thanks parliamentary caucus for Sunday votes

President Nicos Anastasiades praised the ruling and opposition parties for approving state guarantees for Hellenic Bank as well as passing new foreclosure and bankruptcy laws, adding he would not respond to criticism...

566. House approves state guarantees in co-op deal

The House passed legislation Sunday night in favour of providing state guarantees to Hellenic Bank in its acquisition of Cyprus Cooperative Bank’s healthy portfolio...

567. House shifts into gear with Sunday bad loans session

It will be a long weekend for the House finance committee, which will hold emergency sessions ahead of a crucial Sunday vote on bad loans and state guarantees for Hellenic Bank...

568. 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...

569. Nicosia detains ELDYK soldier on Greek warrant

A Greek solider serving in Cyprus was arrested in connection with funding a terrorist group, following a deposit he made last year to the Revolutionary Fund...

570. 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...