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1051. EU Parliament cancels €70 million earmarked for Turkey over rule of law conditions

1052. Astrobank in talks to buy National Bank of Greece Cyprus unit

1053. Fitch Ratings upgrades Bank of Cyprus

1054. Greek banks to chase borrowers who refused to open their accounts

Banks have firmly focused their attention on debtors who have resorted to the provisions of the so-called Katseli law – named after former economy minister Louka Katseli – for protection now that their bank account secrecy has been lifted....

1055. 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...

1056. Bank of Cyprus adds 24300 new retail accounts in August

1057. Light reshuffle seeks balance

Prime Minister Alexis Tsipras gave his cabinet a light reshuffle on Tuesday, promoting certain close associates and bringing in some new faces while keeping key ministry posts untouched....

1058. Shadows loom over government’s ‘clean exit’ scenario

Greece’s bailout exit has been eliciting condescending and bitter commentary on the country’s beaches and in its near-deserted cities, as few Greeks believes their lives are going to improve or that the country’s prospects will be akin to those of other bailed-out eurozone states. Greece’s “return to normalcy” and “clean exit,” much touted by the government, appear to be happening somewhere else....

1059. Petrides announces 5 mln euros for development projects in 94 communities

Interior Minister Constantinos Petrides has announced that 5 mln euros have been allocated for this year to carry out 115 small development projects in 94 communities mostly in the mountain regions of the island....

1060. Hot weather still a Cyprus gold mine

Inbound visitors drawn to the island spend more money than what outbound locals spend overseas, and a study says it is because of the warm climate...

1061. Cyprus Tax Webcast July 2018

Watch the new Deloitte Tax Webcast for July 2018 presented by Mr. Pieris Markou, Deloitte Tax & Legal Services Leader...

1062. #PoliticsBlog The imposing Mrs Lute and the moment of truth

Onasagoras takes a look at the Lute visit and as always, there's an inside scoop on the usual suspects...

1063. No more pretexts

The world will never be the same since Donald Trump was installed in the White House. In a sense, his election was unavoidable. Not because matters became unbearable in the last 30 years after the fall of the communist system in Europe. Rather, it was because they became in a way unnatural....

1064. Moody’s says BoC better off after UK sale

Rating Agency Moody’s has described the sale of Bank of Cyprus UK as credit positive, noting that the sale would place Bank of Cyprus in a better position to focus on reducing its domestic high stock of problematic loans...

1065. Johnson pushes the eject button right after Davis

Two leading eurosceptic ministers have quit British Prime Minister Theresa May’s cabinet, calling into question her ability to deliver the vision of continued close ties with the European Union that she said they had agreed to last week...

1066. 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...

1067. House prepares to define good and bad borrowers

The distinction between responsible and irresponsible borrowers is at the forefront of heated debate this week, with Presidential Palace and Parliament scrambling to strike balance ahead of a crucial vote...

1068. Nicosia keeps Israeli pier request on the down-low

Nicosia is handling with kid gloves the possibility of Israelis operating a dock in Cyprus, where they would be able to monitor humanitarian aid going into Gaza...

1069. 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...

1070. UN sending envoy to Cyprus for consultations

UN Secretary General Antonio Guterres is sending a special envoy to Cyprus in the coming weeks, hoping to get crystal clear views from both sides in order to assess whether or not a new push for peace is possible...

1071. Little boy’s pool incident exposes safety risks

A pool incident where a young child almost drowned is raising concerns over safety, with the Green party weighing in trying to find ways to propose additional legislation for private swimming sites...

1072. Trump relaxed about Kim summit being cancelled

US President Donald Trump said there was a “substantial chance” his summit with North Korean leader Kim Jong Un will not take place as planned on June 12 amid concerns that Kim is resistant to giving up his nuclear weapons...

1073. Harry and Meghan's cake will bake with tradition

Prince Harry and Meghan Markle’s wedding cake has taken six bakers five days to prepare and breaks with tradition, according to its designer Claire Ptak...

1074. Cyprus energy search – averting a US-Turkey crisis

Cyprus continues to proceed with offshore oil and gas projects despite Turkey's opposition...

1075. Brexit-hit EU staff ditch UK passports

About one in 10 British civil servants at the European Commission has taken another EU nationality since the Brexit vote, but are nonetheless resigned to scant prospects of future promotion...

1076. Changing the constitution of FYROM

As talks aimed at resolving the name dispute between Greece and the Former Yugoslav Republic of Macedonia (FYROM) intensify, it has to be understood by all sides that any name that is agreed should be used domestically as well as internationally...

1077. 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...

1078. Concrete mixer accident turns deadly

A 60-year-old Cypriot man, who fell off a concrete mixer in a work-related accident 10 days ago, died Monday night in the Intensive Care Unit....

1079. Cyprus recovery is being recognised by international agencies

Fitch does not currently anticipate developments with a high likelihood of leading to a downgrade...

1080. Government seeks common ground in Peyia sea caves controversy

An internationally-renowned expert is coming to Cyprus to assist the government in conducting a study on the sea caves controversy in Peyia, just weeks after the Green Party filed an official complaint with the EU Commission....