https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/debt-deal-exceeded-market-expectations-tsipras-says
Greek Prime Minister Alexis Tsipras on Friday hailed the Eurogroup debt deal for Greece during a televised exchange with President Prokopis Pavlopoulos, referring to a "historic" agreement that exceeded the expectations of the markets....
https://knews.kathimerini.com.cy/en/business/esm-warns-cypriot-banks-of-quick-fixes
The European Stability Mechanism warns Cyprus that despite a recent decline in non-performing loans (NPL), the banking sector remains vulnerable due to weak profitability and a still high NPL ratio...
https://knews.kathimerini.com.cy/en/business/cyprus-to-crackdown-on-shell-companies
The Central Bank of Cyprus has just made it harder for brokers to set up front companies on the island, following pressure from US officials who say more needs to be done to combat money laundering...
https://knews.kathimerini.com.cy/en/business/turkish-aid-to-north-comes-to-430-million
The Turkish Cypriot economy is expected to get a boost from Turkish aid in 2018, with approximately €430 million being spent in different areas of the self-declared state in the north...
https://knews.kathimerini.com.cy/en/business/greece-cannot-afford-policy-reversal-after-bailout-ends-says-eu-s-costello
Greece is on course to complete its third international bailout program but cannot afford to backtrack on adopted reforms after its expiration in August, the European Commission’s mission chief to Greece said on Thursday....
https://knews.kathimerini.com.cy/en/business/passport-scheme-could-bring-‘dutch-disease-in-cyprus
The Fiscal Council is warning that the passports-for-cash scheme could mean that some sectors of the economy could suffer while others grow, a phenomenon known as the Dutch disease...
https://knews.kathimerini.com.cy/en/news/education-minister-calls-for-special-task-force
Organised parents and teachers met with the education minister to discuss safety and health issues in public schools, but union representatives did not take part during talks over teacher evaluations...
https://knews.kathimerini.com.cy/en/business/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....
https://knews.kathimerini.com.cy/en/news/with-eye-on-re-election-tsipras-rolls-dice-on-macedonia
Greek Prime Minister Alexis Tsipras is taking a big gamble in trying to settle a decades-old name dispute with neighbouring Macedonia which could backfire in a pre-election year among voters already jaded by his economic austerity policies...
https://knews.kathimerini.com.cy/en/business/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 ...
https://knews.kathimerini.com.cy/en/news/police-admit-handcuffing-larnaca-doctors-was-not-necessary
Police say handcuffing the two ER doctors in the aftermath of the school boy’s death ‘could have been avoided’ while adding that their focus remains the investigation of the serious incident...
https://knews.kathimerini.com.cy/en/business/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...
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/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%.
...
https://knews.kathimerini.com.cy/en/news/cyprus-and-saudi-arabia-discuss-common-interests
Cyprus and Saudi Arabia are on a path of strengthening ties further, with the island preparing to hold a Cyprus chamber forum in Riyadh and the Kingdom looking to install an embassy in Nicosia...
https://knews.kathimerini.com.cy/en/news/on-athens-visit-juncker-appears-upbeat-about-greek-recovery
In a speech before Greece’s Parliament on Thursday, European Commission President Jean-Claude Juncker expressed optimism about Greece’s economic recovery and called on its European partners to honor pledges for debt relief....
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/business/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....
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/hundreds-of-flights-cancelled-in-germany-as-airports-hit-by-public-sector-strikes
Unions will escalate the dispute if employers do not present an offer next week...
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/life/saudi-arabia-s-first-new-cinema-in-decades-to-open
Saudi Arabia had some cinemas in the 1970s but its powerful clerics closed them"...
https://knews.kathimerini.com.cy/en/business/strike-hit-air-france-expects-75-of-flights-to-operate
The Air France strike is expected to ground 30% of the carrier’s long-haul flights out of Paris’ main Charles de Gaulle airport...
https://knews.kathimerini.com.cy/en/business/bad-loans-still-high-despite-fast-economic-growth
Cyprus' economic growth has been supported by construction, tourism and professional services...
https://knews.kathimerini.com.cy/en/news/christodoulides-calls-for-practical-eu-solidarity-for-the-rights-of-cyprus
Cyprus Foreign Affairs Minister Nikos Christodoulides called on his EU counterparts for the practical and unambiguous EU solidarity to defend the sovereign rights of Cyprus, an EU Member - State, the interests and policies of the Union as well as international rule of law....
https://knews.kathimerini.com.cy/en/news/may-defends-saudi-ties-as-crown-prince-gets-royal-welcome
British officials were privately delighted at the decision by Prince Mohammed to choose Britain as the major western destination on his first foreign trip ...
