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211. GD leadership heading to jail after court ruling

A court in Athens announced on Thursday that the entire leadership of the neo-Nazi Golden Dawn will be jailed, after rejecting a proposal by the prosecutor who opined that their sentences should be suspended pending their appeal....

212. A second lockdown would be a grim financial equation

With the rise in coronavirus cases which are mainly located within the local community and not just at the country’s points of entry, whispers of a second lockdown looming have resumed....

213. Health experts from both sides discuss developing Covid-19 situation

The developing coronavirus situation on both sides of the Cyprus divide was discussed on Wednesday by the bicommunal technical committee on health, which convened via teleconference with the participation of epidemiologists of the Greek Cypriot and the Turkish Cypriot side....

214. Cyprus public debt spikes to €24.5 billion due to Covid-19 crisis

Cyprus General Government debt spiked to €24.56 billion according to official data in April, reflecting the large debt issuances by the Finance Ministry to mitigate the impact of the coronavirus outbreak to the economy....

215. Lagarde draws line on how far ECB largesse can go

European Central Bank President Christine Lagarde drew the line on how far the ECB could go in helping virus-stricken eurozone countries on Wednesday, saying lending to governments directly would be illegal and handing out cash to citizens difficult....

216. 'We've learnt nothing' from euro crisis, ex EC president Juncker says

In an interview with Politico's Brussels Playbook, former European Commission President Jean-Claude Juncker has expressed his disappointment over the discord that emerged between euro zone countries in their attempts to come up with a joint response to the economic fallout of the coronavirus pandemic. ...

217. Coronavirus derails southern Europe's clean-up from the last crisis

This year was meant to mark a turning point for Greek and Italian banks as they finally laid the ghosts of the financial crisis to rest. Then the coronavirus struck....

218. Euro zone ministers look for economy quick fixes

Euro zone finance ministers are likely to converge on Tuesday on three quick options to support the economy in the wake of the coronavirus epidemic, officials have said, with some discussion also of longer-term ideas to aid a recovery....

219. Cyprus repays an IMF loan early, saving €13.4 million

The Republic of Cyprus fully repaid on Thursday an International Monetary Fund (IMF) loan, which had been granted to the country in the period 2013-2016....

220. Prince Charles and Camilla to visit Cyprus in March

The Prince of Wales and the Duchess of Cornwall will be flying over to Cyprus for their first joint official visit, to take place from March 18 until March 21, the British High Commission announced on Tuesday....

221. Fourth Italian dies from coronavirus in worst flare-up outside Asia

A fourth person infected with the coronavirus has died in Italy, officials said on Monday as the government struggled to contain an outbreak of the illness and financial markets slid on fears over the economic impact....

222. Cyprus' debt at €20.74 billion in end of 2019

223. New Life in Cyprus of Russian Businessman after unfair seizure of Promsvyazbank

In 2017 Dmitry Ananiev was at the peak of his success. He and his brother Alexei owned a bank, an IT firm and an office complex overlooking the Moscow River. ...

224. End of 2019 sees historic high in investment funds assets

Investment funds’ assets reached a historic high at the end of 2019, data released by the Cyprus Central Bank on Thursday showed....

225. Football duo free on bail until corruption trial

Two suspects in a high-profile football corruption case in Cyprus will face a criminal trial next month, while a judge has ordered for them to be released on bail pending trial...

226. Lagarde confident ECB will eventually buy Greek debt

The Greek economy continues to improve and chances are rising that the European Central Bank will eventually buy its debt under its asset purchase scheme, ECB President Christine Lagarde said on Thursday....

227. Cyprus pays off costly crisis loan early

The Cypriot finance minister says the government is repaying an IMF rescue loan faster and at a lower rate after a double bond issuance expected to secure most of the country’s borrowing needs for 2020...

228. EastMed bill squeezed through federal budget

US Senator Bob Menendez on Monday applauded a bipartisan deal on federal government spending that is comprised of 12 appropriations bills, including legislation shaping American strategy in the Eastern Mediterranean...

229. UN clears suspected landmines in Cyprus

UNFICYP announced on Monday the clearance of nine suspected hazardous areas each on both sides of the divided island, amounting to a total area of 210,882 square meters...

230. Underage girl accuses young man of rape

A 20-year-old male from Paphos is facing criminal trial next month following allegations that he raped an underage girl, while another young man is being accused of sexually abusing a girl in her early teens...

231. Tell-all interview with Christopher Pincher

Brexit would not change the relationship between the United Kingdom and Cyprus, according to British Minister Christopher Pincher, who gave a tell-all interview to Kathimerini Cyprus...

232. K.Treppides & Co Ltd: Time Value of Money

What if a close friend asks today to borrow 1,000EUR with the precondition to repay the exact same amount in five years? Would you take the deal or not?...

233. 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...

234. Britain's Thomas Cook scrambles for £200 million to avert collapse

Britain’s Thomas Cook needs to find an extra 200 million pounds to satisfy its lenders or one of the world’s oldest holiday company risks collapse, potentially stranding thousands of holidaymakers across Europe. ...

235. Greece-Israel, beyond the elections

The divided Israeli society has once again failed to reach a clear decision. The results of Tuesday’s elections have cast the country back into a cycle of negotiations. Center-left Benny Gantz and conservative incumbent Benjamin Netanyahu are weighing their options, while former foreign minister Avigdor Lieberman is pursuing the role of potential kingmaker...

236. 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 ...

237. Greek corporations rush to issue bonds amid record low yields

The easing of Greek state bond yields to record lows has opened the way to international markets for major Greek corporations too, as they can now take the opportunity to reduce their cost of borrowing. ...

238. Trump’s yuan move makes a China deal much harder

The decision to label China a currency manipulator boxes in Donald Trump and Xi Jinping. The U.S. Treasury Department made the move after Beijing allowed the yuan to slide below the key level of 7 to the dollar. It’s the first such designation for the People’s Republic since 1994. The sudden escalation will make it harder for both sides to reach a trade truce...

239. Officials spot loopholes in medical cannabis law

A number of provisions in the medical marijuana legislation were taken out prior to a vote, prompting officials to call for amendments to block doctors from prescribing cannabis without any limits...

240. Britain's LSE seals $27 billion Refinitiv deal to create data giant

London Stock Exchange has agreed to buy financial information business Refinitiv in a $27 billion deal, it said on Thursday, in a move to transform the British company into a market data and analytics giant. ...