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1261. 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...

1262. Two men attempt 'mission impossible' in Nicosia

Two men were seen throwing a rope over a part of the inner-city wall that separates north from south in downtown Nicosia, with bystanders watching in awe as the scene unfolded just like a Hollywood movie...

1263. Obama slums Trump

Former US President Barack Obama assailed President Donald Trump and Republicans on Friday, urging Democrats to deliver a check on the administration’s “abuses of power” and restore a sense of sanity to politics by voting in November’s elections...

1264. Cyprus makes the case for regional headquartering

Cyprus has emerged as a serious contender in the world of international investment, putting a conference in Limassol next week in a unique position to promote the island as a regional headquartering centre...

1265. Cyprus argues British Military Bases in Cyprus violate UN Charter

1266. Fair skies as temperature jump recedes

A recent jump in temperature is expected to recede over the next few days, with maximum highs falling back to 37 around the capital, low 30’s elsewhere and a chance of rain later in the week...

1267. What’s on this week

If you can’t make it to Maastricht this Sunday, don’t panic. You can still go to Rialto Theatre in Limassol for an amazing live music experience. Also this week, learn Nicosia history, have fun at a fun concert, and get a tattoo for a good cause...

1268. Moody’s thumbs up to Bank of Cyprus bad loans sale

Moody’s credit rating agency says the recent sale of Non-Performing Loans by the Bank of Cyprus worth €2.8 billion is a positive step...

1269. Week starts off with yellow weather warning

Weather officials say Monday skies will be mainly clear while a yellow alert goes into effect due to high temperatures expected to reach 41 degrees around the capital...

1270. 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...

1271. 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...

1272. 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...

1273. 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...

1274. Amid aid delays to fire victims, ND leader visits Mati

A month after the disastrous wildfires on the outskirts of Attica that claimed the lives of 96 people and destroyed dozens of homes and thousands of hectares of land, the government approved additional aid for victims, as Infrastructure Minister Christos Spirtzis and New Democracy leader Kyriakos Mitsotakis conducted separate visits to Mati, the coastal settlement east of the capital where dozens died....

1275. Bulgaria scrambling over Olympic bankruptcy

The bankruptcy of Cyprus-based Olympic Insurance Company has become the focus of attention and a regulator has resigned, after 200,000 Bulgarians were left without insurance...

1276. Greek town loves movie score maestro Morricone – and it shows

Once upon a time in central Greece, a small town fell in love with famed film composer Ennio Morricone and painted a huge mural in his honor....

1277. Should we listen to President Trump or the diplomats?

As Greece finds itself faced with a wide range of challenges – from Turkey and the Eastern Mediterranean to its relationship with the Former Yugoslav Republic of Macedonia and developments on the Balkan peninsula – it would be useful to have a clear idea of Washington’s strategic objectives regarding these issues. This is regrettably not an easy task considering that what President Donald Trump says does not necessarily reflect official US policy....

1278. Yellow weather alert goes into effect

An extreme high temperature alert is in effect until Thursday 6pm, with officials warning the public to take precautions and follow hot weather safety tips...

1279. 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...

1280. Officials issue yellow weather alert

Weather officials issued a Yellow Alert for Thursday from 1pm until 5pm with high temperatures expected to climb to 40 around the capital and inland...

1281. Cypriots Stand by Greece

A radio marathon and a concert are taking place in Cyprus to show support to the victims of last week’s deadly wildfires in Greece...

1282. The state we’re in

A great European leader – and a true friend of Greece – once said that Greeks were a great nation, but their state is a mess....

1283. UNFICYP draft still open ahead of crucial vote

Consultations on UNFICYP’s mandate are still ongoing one day prior to a crucial vote in New York, with reports not ruling out possible a postponement....

1284. Drone footage reveals aftermath of wildfire (video)

Drone footage Tuesday shows the aftermath of the wildfires that raged through seaside resorts near the Greek capital of Athens, torching homes, cars and forests as they killed at least 74 people....

1285. Residents flee forest fire near Greek capital of Athens

A fire burning a pine forest in a mountainous area west of Athens has prompted nearby residents to flee their homes, as smoke from the blaze turned much of the sky over the Greek capital orange....

1286. UNFICYP vote critical for Cyprus talks

Nicosia is keeping an eye on New York ahead of a UNFICYP vote next week, as the US and UK are mulling over the precise content in a draft resolution for the renewal of the UN peace keeping force in Cyprus...

1287. Browder 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...

1288. Officials warn over hot and humid weather

High temperatures combined with humidity are creating heat wave conditions this week, with maximum temperatures expected to reach 40 degrees Tuesday and Wednesday...

1289. Dozens of Attica beaches found unfit for swimming

Seventy-one out of 323 beaches inspected by the Panhellenic Center for Ecological Research in the Greek capital’s Attica region were found unfit for swimming, with low cleanliness scores going to popular spots like Loutsa, Oropos and Schinias....

1290. 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...