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781. Hellenic Bank posts profit of €59.1 million in first half of 2019

The Hellenic Bank has announced that it has posted a profit of €59.1 million after tax in the first half of this year with CEO Yiannis Matsis noting that the results reflect part from the benefits from the acquisition of the operations of former Cyprus Cooperative Bank. ...

782. Moody's changes Cyprus outlook to positive

Rating agency Moody’s changed the outlook for the Cypriot economy to positive from stable, citing the reduction of the sovereign exposure to event risks stemming from the banking sector and the improving fiscal strength beating previous expectations...

783. Cyprus to fully repay IMF loan in 2020

According to figures from the 2020 budget presented by Finance Minister Haris Georgiades to the Cabinet, Cyprus will repay the IMF loan early resulting in government debt reduction to 91.1% of GDP ...

784. Cabinet approves surplus 2020 budget

The Cabinet approved on Wednesday the budget for 2020, which foresees a surplus in state finances, while a significant increase in spending is planned due to the implementation of the General Healthcare System ...

785. Overtaxation led to tax evasion

Losses incurred by the state coffers due to tax evasion in 2014-17 were greater than the value-added tax revenue increase as a result of consecutive tax hikes, according to a European Commission report on the so-called VAT deficit (the difference between the expected VAT revenues and actual collections)...

786. Johnson demands October 15 election after defeat over Brexit

British Prime Minister Boris Johnson on Wednesday demanded an Oct. 15 snap election after lawmakers seeking to prevent a no-deal Brexit dealt him a humiliating defeat in parliament which he cast as an attempt to surrender to the European Union...

787. Singing from the same hymn sheet

I feel that the success of the New Democracy administration will largely depend on Premier Kyriakos Mitsotakis’ ability to strike a balance between the two camps...

788. Builder falls to his death in Limassol

Authorities are investigating an accident in Limassol where a local construction worker fell to his death on Friday...

789. Scope rates Cyprus with BBB-

Scope Ratings affirmed last week the Republic of Cyprus’ BBB- long-term issuer and senior unsecured local- and foreign-currency ratings, along with a short-term issuer rating of S-2 in both local and foreign currency, noting that all outlooks are stable...

790. Moody’s expects deleveraging to resume but warns over small economy and high level of debt

The credit profile of Cyprus reflects its small but wealthy economy, improved economic resilience and the government`s fiscal outperformance in the wake of the country`s banking crisis, Moody's Investors Service has said in an annual report. ...

791. Stella Kyriakidou: Climate change and gender equality a priority for the EU

There have been many who have questioned the EU because of the economic crisis that has emerged in recent years. Today we are coming out of this crisis and we realize that the EU still has a lot to offer....

792. S&P affirms Bank Of Cyprus ratings

Standard & Poor’s affirmed on Tuesday their `B+/B` long- and short-term issuer credit ratings on Bank of Cyprus Public Co. Ltd. (BoC), noting that the outlook is stable...

793. With courage and moderation

It is often said Greece’s post-dictatorship era ended with SYRIZA’s defeat. But how will we now close the accounts of the past and stop arguing about what happened 44 or 75 years ago? And how will Greece look ahead to resolve its accumulated problems – now we are done with ideological fixations and have lived the “dream” of the Left in power?...

794. Foreclosure legislation deemed unconstitutional

Finance Minister Haris Georgiades said on Tuesday that "a legislative framework must be effective, it must not change frequently, in order to create a trustworthy framework that will enable us to manage this last remaining problem of non-performing loans.'' ...

795. The benefits of studying with a learning provider

Studying to become an ACCA member is flexible, and it opens up a world of opportunities. With over 500,000 students studying in a variety of ways, we know that flexibility is key to a successful ACCA journey. ...

796. Turkey rejects EU sanctions, vows to continue drilling

EU Foreign affairs ministers who met in Brussels on Monday endorsed a decision to curb diplomatic contacts and funding for Turkey. In response the Turkish MFA issued a statement signalling that the conclusions adopted by the EU Foreign Affairs Council ‘’will in no way affect Turkey's determination to continue its hydrocarbon activities in the Eastern Mediterranean’’...

797. UNFICYP mandate extended for another six months

UN Secretary General Antonio Guterres has recommended that the Security Council extends UNFICYP’s mandate until January 31, 2020 in recognition of its continued contribution to the maintenance of peace and stability. ...

798. Mitsotakis, expectations and the need for unity

The coming weeks will naturally see an emphasis on New Democracy’s proposals on all the major issues, from the economy and security, to education and health. At the same time the new prime minister will have to strike a balance between the rival forces within his party’s ranks, combining the new with the old. ...

799. Greek elections: The main questions

Who will win? This is usually the fundamental question in any election, but very few people seem to have doubts this time around. The outcome of the recent European Parliament election and the bolstered credibility of opinion polls make virtually everyone – both winners and losers in May’s Euro vote, both experts and ordinary voters – believe that New Democracy will win Sunday’s ballot....

800. Tourist falls onto rocks in Akamas

An Israeli tourist ended up in the Emergency Room in Paphos after he fell on rocks near a camping site on the beach at Baths of Aphrodite...

801. Chinese Ambassador to Cyprus: No one stands to win in a trade war

802. Lady’s Mile mired in controversy again

Lady’s Mile Beach finds itself once again at the centre of controversy, with an upcoming concert in the balance due to environmental concerns and a businessman who is trying to get beach coolers banned...

803. IMF: Cyprus economic recovery gradually decelerating but remains strong

804. BOC leadership change will not disrupt momentum Ackermann says

805. Construction painter falls to his death

A construction painter was killed in an accident over the weekend in Larnaca, after he fell from the third floor of a building while working...

806. Cyprus fiscal debt at 102,5% of GDP

807. Financial stability a priority says new Central Banker

808. Kasoulides: The public wants a solution to the Cyprus problem

809. IMF warns of 'increasing headwinds to sustained growth'

810. Clocks move forward for summer

Daylight Saving Time went into effect on Sunday at 3am in Cyprus as public opinion around the world is still divided whether there is value in switching back and forth...