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241. Aegean accident a permanent danger, military chief says

Referring to what Greece sees as deliberate escalations of tension by Turkey, the chief of the Hellenic National Defense General Staff (GEETHA), Christos Christodoulou, expressed concern Monday about “the permanent danger” of an accident in the Aegean. ...

242. Fitch Upgrades Hellenic Bank

243. Acquisition of Centaur Financial Services by Fiduserve Asset Management

Centaur Financial Services Ltd announces that it has completed the transfer of all its clients and operations to its new parent company Fiduserve Asset Management Ltd, resulting to a new entity better able to serve client needs...

244. Cyprus to establish new Insurance and Pension Fund Supervision Authority

245. Moody's upgrades Bank of Cyprus and Hellenic Bank

246. DP World Limassol gets new toys

DP World Limassol has acquired a new, high-tech mobile harbour crane and a reach stacker as part of an ongoing upgrade of the Limassol port infrastructure...

247. 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...

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

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

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

251. Fitch Ratings upgrades Cyprus to investment grade

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

253. 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...

254. 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...

255. 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...

256. 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...

257. 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...

258. 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...

259. 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...

260. 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...

261. 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...

262. 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...

263. 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...

264. Government and Co-op begin consultations with bidders

265. 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...

266. Bad news for Bitcoin believers

Billionaire investor Warren Buffett on Monday said buyers of bitcoin, which he has characterized as “rat poison squared,” thrive on the hope they’ll find other people who will pay more for it...

267. Whitbread to spin off Costa Coffee

The move leaves Whitbread with its Premier Inn hotels operation and the split is expected to be completed within 24 months...

268. Cyprus is open for business and China’s buying

As US President Donald Trump builds barriers to Chinese trade, Cyprus is throwing open the gates...

269. Buying Greek property makes sense

Investor confidence in the real estate market’s prospects and the notion that prices have completed their downward cycle has prompted more property acquisitions...

270. More Russians and Brits get CY passports

The biggest group of foreign nationals that obtained Cypriot citizenship in 2016 were Russians, followed by UK nationals, according to Eurostat data that show close to one million foreigners became EU citizens that year....