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331. No time for mixed signals

We are entering a very thorny patch in Greek-Turkish relations. Turkey’s activities within Cyprus’ exclusive economic zone (EEZ), combined with the standoff with the United States over Ankara’s acquisition of the Russian S-400 missile defense system are increasing the tension further in Greece’s wider region. ...

332. Athens back among top 10 shipping hubs

The Greek capital’s shipping cluster is back among the top 10 global metropolitan centers, the annual report by the Baltic Exchange shows, though this was not thanks to shipping activity in Athens and Piraeus, but due to the development of the Port of Piraeus after its acquisition by China’s Cosco...

333. Deutsche Bank axes 18,000 jobs

334. Turkish sub shows up in the north

The Turkish submarine “Gur” is anchored at Kyrenia port in the north, with media drawing on reports in connection with drilling activities in the eastern Mediterranean...

335. Bloomberg: Turkey stockpiles weapon parts in anticipation of US sanctions

Turkey has been stockpiling parts for F-16 fighter jets and other military hardware in anticipation of American sanctions, Bloomberg has reported, citing two Turkish officials familiar with their country’s defense strategy. ...

336. US Senate votes to lift Cyprus arms embargo

The US Senate on Thursday voted to lift a decades-old arms embargo against Cyprus and to cut Turkey off the American F-35 fighter jet program if it proceeds with the acquisition of the Russian S-400 missile defense system...

337. New offices in Malta for Michael Kyprianou & Co LLC

338. KPMG in Cyprus presented the launch of its KPMGScienceShop

339. Avax lands stake in Qatari stadium building consortium

340. French CNP buys BOC stake in Cyprus subsidiary for $97.5 million

341. Nuvei to buy in cash Cyprus based fintech firm SafeCharge for $889 million

342. Menendez: Turkey has ‘no chance’ of getting both F-35s and S-400

343. New prospects for East Med

The “Eastern Mediterranean Security and Energy Partnership Act” submitted to the US Congress by Senators Robert Menendez and Marco Rubio that essentially upgrades the geopolitical roles of Greece and Cyprus is seen in Athens as a reflection of Washington’s renewed interest and growing involvement in the region. ...

344. 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. ...

345. Fitch Upgrades Hellenic Bank

346. 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...

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

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

349. 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...

350. 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...

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

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

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

354. Fitch Ratings upgrades Cyprus to investment grade

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

356. 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...

357. 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...

358. 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...

359. 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...

360. 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...