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391. The secret for a successful business reorganization

In the business universe, there are two available structures for organizations to emerge, organically and externally through mergers and acquisitions...

392. US Senator: Turkey must choose between US F-35 jets and Russian S-400

393. Elias Neocleous & Co LLC strengthens its presence in Western Europe

394. Greek President: Cyprus cannot have any other solution but a federation

395. EU Commission earmarks €34.5 million for Turkish Cypriots

396. Greece’s state controlled DEPA gas company buys out Shell stake

397. Anastasiades welcomes agreement on Brexit

398. Food for Thought

399. Cyprus close to Brexit agreement with Britain

400. Fitch Ratings upgrades Cyprus to investment grade

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

402.  Anastasiades at Diaspora dinner: No guarantees needed

403. Anastasiades deeply concerned about Cyprus talks

404. UK parties declare support for Cyprus reunification

The main British political parties, as well as a pro-Cypriot group of MPs, have reiterated their support for the reunification of the island in recent statements addressed to the National Federation of Cypriots in the UK...

405. 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...

406. Le Drian says France stands ready to help

French Foreign Minister Jean-Yves Le Drian says Cyprus and France and the presidents of the two countries both wish for further cooperation, while also expressing support for restarting peace talks...

407. Monaco Telecom happy with MTN Cyprus acquisition

MTN Cyprus, a fast-growing telecommunications provider in the country, has officially been acquired by Monaco Telecom, with the new owner eyeing even better days for services on the island...

408. 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...

409. Bank of Cyprus gets rid of small business bad loans

The Bank of Cyprus says it has sold a portfolio of non-performing loans worth €2.8 billion to Apollo Global Management, a transaction that will reduce its stock of NPLs to €5.2 billion...

410. Suspected Gulenists arrested in Cyprus back to Turkey

Forty-five Turkish nationals, including suspected Gulenists and their families, were transported to Turkey on Monday following their detention by Turkish Cypriot police in Kyrenia...

411. 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...

412. 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...

413. 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...

414. Senators add more roadblocks to Turkey’s F35 deal

US senators are turning up the pressure over the F35 fighter jet sale to Turkey, with new restriction proposals that could possibly make the delivery of the stealth warplanes more difficult...

415. Co-op bankers plead not guilty in loans scandal

Senior co-op executives pleaded not guilty to fraud charges in connection with a banking scandal where loans worth millions were given out without due process...

416. 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...

417. 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...

418. Government and Co-op begin consultations with bidders

419. 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...

420. Serbia can depend on Cyprus as a credible ally and friend in Europe

President Anastasiades said Serbia should consider Cyprus a reliable partner within the EU as Belgrade aims for membership and underlined that the future of Serbia must be in Europe...