https://knews.kathimerini.com.cy/en/news/coca-cola-takes-over-costa-coffee
The owners of café chain Costa have agreed to sell the business to Coca Cola for €5.4 billion, marking a new era for the global soft drink group...
https://knews.kathimerini.com.cy/en/business/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...
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-ceo-stays-put-through-2020
Bank of Cyprus CEO John Patrick Hourican will stay in his current position through the end of 2020, following a decision by the executive board at the largest lending institution in Cyprus...
https://knews.kathimerini.com.cy/en/news/odysseas-says-harris-was-being-stubborn
The auditor general is pointing fingers at the finance ministry’s handling of the Cyprus Cooperative Bank affair, telling an independent investigation committee that some actions were misleading...
https://knews.kathimerini.com.cy/en/business/additional-revenues-of-4-7-billion-euros-needed-to-reach-targets
The Greek government will have to collect additional tax revenues of 4.7 billion euros in the first post-bailout period of enhanced supervision (2018-2022) by its creditors, in order to achieve the agreed primary surpluses and record surpluses....
https://knews.kathimerini.com.cy/en/news/nicosia-seeks-legal-input-in-browder-case
Nicosia has to make a final decision on whether authorities can legally cooperate with Russia in the Browder case, following a court ruling in early August opened the door for judicial assistance...
https://knews.kathimerini.com.cy/en/news/legal-department-terminates-augusta-helicopter-probe
The Legal Services department is closing the case of the controversial purchase of Agusta helicopters, saying investigators did not find evidence of wrongdoing...
https://knews.kathimerini.com.cy/en/news/over-a-thousand-employees-choose-co-op-buyout
Over a thousand employees at Cyprus Cooperative Bank signed up for a voluntary severance package, well above the target of 900 set by the bank ahead of a takeover by Hellenic Bank...
https://knews.kathimerini.com.cy/en/news/ngo-says-asylees-can-t-cope-in-cyprus
A human rights group is calling on authorities to do more to help asylum applicants in Cyprus, saying rules governing financial aid are “racist and inhuman” five years post economic crisis...
https://knews.kathimerini.com.cy/en/news/us-turkish-tensions-add-to-regional-risk
US-Turkish relations have never been easy to manage. But the current standoff between Washington and Ankara is striking, even by the standards of an historically difficult relationship....
https://knews.kathimerini.com.cy/en/news/regling-says-greece-will-remain-linked-to-esm
Greece will be monitored more closely by the European Stability Mechanism (ESM) and the other institutions after its bailout ends six days from now compared to other countries that emerged from rescue programs, according to ESM chief Klaus Regling....
https://knews.kathimerini.com.cy/en/news/trump-signs-defense-policy-bill-suspending-sale-of-f-35-jets-to-turkey
US President Donald Trump has approved a defense budget law delaying the delivery of F-35 fighter jets to Turkey....
https://knews.kathimerini.com.cy/en/news/men-sentenced-for-assaulting-billionaire-investor
The Famagusta District Court handed down sentences to four men in connection with the beating of Egyptian investor Naguib Sawiris, hours before the stone laying ceremony for the Ayia Napa marina back in 2016...
https://knews.kathimerini.com.cy/en/news/car-registrations-pick-up-this-year
Registrations of motor vehicles showed increase in the first seven months of 2018, just as lawmakers get ready to pass a new bill...
https://knews.kathimerini.com.cy/en/news/report-vindicates-medics-in-young-girl-s-death
An internal report was urgently submitted to the health ministry, giving full account of events in an 8-year-old girl’s death after her mother declined specialised medical treatment...
https://knews.kathimerini.com.cy/en/news/cyprus-won-t-snub-russia-in-browder-affair
A Cypriot court has denied a request by Bill Browder’s attorney who was seeking a ban on local authorities providing any judicial assistance to Russia against his client...
https://knews.kathimerini.com.cy/en/news/us-senate-delays-f-35-transfer-to-turkey
The US senate passed a huge defence bill granting President Donald Trump waiver authority on certain sanctions against Russian-buying countries but also forcing him to wait 90 days before deciding to allow the transfer of F-35 jets to Turkey...
https://knews.kathimerini.com.cy/en/business/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...
https://knews.kathimerini.com.cy/en/business/ecb-lowers-emergency-funding-cap-for-greek-banks-to-8-4-bln-euros
The European Central Bank lowered the ceiling on emergency liquidity assistance (ELA) Greek banks draw from the domestic central bank by 1.9 billion euros to 8.4 billion euros, the Bank of Greece said on Thursday....
https://knews.kathimerini.com.cy/en/business/greek-bank-deposits-rise-in-june-for-fifth-month-in-a-row
Greek bank deposits rose in June for a fifth consecutive month, increasing by 1.3 billion euros ($1.52 billion), central bank data showed on Wednesday....
https://knews.kathimerini.com.cy/en/news/defence-ministry-dismisses-kickback-allegations
The defence ministry is dismissing allegations of money squandering, accusing a former state auditor of rehashing an old story in connection with kickbacks worth €5 million...
https://knews.kathimerini.com.cy/en/business/uk-ship-insurer-setting-up-cyprus-office-over-brexit
British ship insurer London P&I Club is setting up a new subsidiary in Cyprus to ensure continued access to trade in the European Union in case Britain loses single market access...
https://knews.kathimerini.com.cy/en/life/netflix-is-king
The complete list of nominees for the best in television released for the 70th annual Primetime Emmy Awards reflects the new age of entertainment by streaming...
https://knews.kathimerini.com.cy/en/news/browder-s-attorney-in-cyprus-rests-his-case
Bill Browder’s attorney in Cyprus says the government and justice minister are complying with a request for judicial assistance in order to keep Russia happy...
https://knews.kathimerini.com.cy/en/news/moody-s-says-bank-of-cyprus-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...
https://knews.kathimerini.com.cy/en/news/browder-case-in-cyprus-pushed-back-another-week
The Bill Browder case had been pushed back for another week due to a scheduling conflict with his defence attorney, with a Nicosia judge setting a new hearing date for July 18...
https://knews.kathimerini.com.cy/en/news/new-law-marks-the-end-of-tourism-bureaucracy
The House voted this week to scrap the Cyprus Tourism Organisation (CTO), essentially transferring tourism responsibilities from a large bureaucracy to a leaner structure to boost flexibility and competitiveness...
https://knews.kathimerini.com.cy/en/news/government-exploring-ways-to-suspend-pension-cuts
The government is hoping that surpluses at the Single Social Security Entity (EFKA) will allow the non-implementation of pre-legislated pension cuts on January 1 next year....
https://knews.kathimerini.com.cy/en/news/president-thanks-parliamentary-caucus-for-sunday-votes
President Nicos Anastasiades praised the ruling and opposition parties for approving state guarantees for Hellenic Bank as well as passing new foreclosure and bankruptcy laws, adding he would not respond to criticism...
https://knews.kathimerini.com.cy/en/news/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...
