https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-sells-uk-subsidiary
The Bank of Cyprus Financial Services is being sold to Cynergy Capital, as the BoC walks away from the UK to put more focus on performance in a rebounding Cypriot economy...
https://knews.kathimerini.com.cy/en/business/energean-commits-to-eastern-mediterranean
Energean is seeking approval from Cyprus for the Greek oil and gas firm to build a pipeline from its Israeli offshore gas fields and import 0.5 to 1 billion cubic meters of gas a year to the island...
https://knews.kathimerini.com.cy/en/business/leoni-paraskevaides-takes-over-j-p-overseas
There are new developments in the J&P Overseas saga in Riyadh, with the Cypriot company solidifying its leadership following an internal and legal battle that now appears to be over...
https://knews.kathimerini.com.cy/en/news/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...
https://knews.kathimerini.com.cy/en/news/ditch-the-bag-or-pay-the-charge
Supermarkets and other shops will be required to charge customers for plastic bags on Sunday, based on a new executive order by the President’s Cabinet...
https://knews.kathimerini.com.cy/en/news/bodyguards-deported-on-public-safety-grounds
Cyprus Immigration deported four security guards following an executive decision by Police Chief Zacharias Chrysostomou, while the usual suspects are facing repeated searches and charges ranging from illegal possession to unlawful security cameras...
https://knews.kathimerini.com.cy/en/news/government-throws-co-op-ball-in-hellenic-s-court
The Cyprus Cooperative Bank will examine Monday a final offer from Hellenic Bank to acquire the troubled state-owned institution, with government seeing the buyout as a good step while critics saying tax payers are unfairly picking up the tab...
https://knews.kathimerini.com.cy/en/news/committee-on-cyprus-missing-has-more-work-to-do
The Committee on Missing Persons says they need to start opening graves to obtain DNA, just days after media reports said CMP was slowing down, but the task ahead is difficult and in need of cash...
https://knews.kathimerini.com.cy/en/news/criminal-underboss-arrested-in-limassol
Police arrested criminal underboss Tasos Simillidis, best known for his past activities in illegal prostitution rings and taking part in murder attempts including against senior Don Antonis Fanieros...
https://knews.kathimerini.com.cy/en/business/capital-controls-eased-further-as-of-monday
Capital controls were eased further on Monday with depositors now permitted to withdraw a monthly maximum of 5,000 euros from bank accounts, up from 2,300 euros....
https://knews.kathimerini.com.cy/en/business/passport-scheme-could-bring-‘dutch-disease-in-cyprus
The Fiscal Council is warning that the passports-for-cash scheme could mean that some sectors of the economy could suffer while others grow, a phenomenon known as the Dutch disease...
https://knews.kathimerini.com.cy/en/news/funeral-for-nine-syrian-refugees-held-in-north
The funeral of nine Syrian refuges, whose bodies washed up on the northern shores of the island, was held in Lefka on Saturday, with their relatives living in the south crossing the checkpoints to pay their final respects...
https://knews.kathimerini.com.cy/en/business/cyprus-tightens-vetting-for-investment-for-passport-scheme
In the wake of criticism that it was operating a "passports-for-cash" scheme, Cyprus has toughened up vetting procedures for those investors looking to get their hands on a European Union passport...
https://knews.kathimerini.com.cy/en/news/cyprus-wants-to-be-a-film-industry-contender
The Cyprus government wants to cut red tape that keeps film producers at bay, with a new bill in parliament aimed at attracting foreign companies that could choose the island for the next blockbuster...
https://knews.kathimerini.com.cy/en/news/post-grenfell-review-finds-uk-s-building-regulations-system-broken
A government review ordered after the Grenfell Tower fire that killed 71 people in London in June last year has found that Britain’s buildings regulation system is broken, but has stopped short of recommending an outright ban on combustible cladding...
https://knews.kathimerini.com.cy/en/news/trump-reimbursed-attorney-who-paid-off-porn-star
President Donald Trump acknowledged for the first time in an ethics disclosure that he repaid more than $100,000 to former personal attorney Michael Cohen, renewing questions about Trump’s ties to porn star Stormy Daniels...
https://knews.kathimerini.com.cy/en/life/netflix-s-next-act-feeding-the-service-with-its-own-movies
As Hollywood studios unleash their summer blockbusters into theatres, Netflix is trying to give film buffs a reason to stay home...
https://knews.kathimerini.com.cy/en/news/six-greek-bank-staff-linked-to-gang-that-netted-€2-7-million-from-safe-deposit-boxes
Six bank employees are being charged as members of a criminal ring believed to have netted more than €2.7 million in cash and valuables from safe deposit boxes of a branch of National Bank in Thessaloniki over a period of 17 years...
https://knews.kathimerini.com.cy/en/business/all-lights-set-on-green-for-end-to-greek-bailout
Greece’s exit from a bailout program instituted by the eurozone and International Monetary Fund looks set to proceed in August, Luxembourg finance minister Pierre Gramegna said on Friday...
https://knews.kathimerini.com.cy/en/business/bad-news-for-bitcoin-believers
Billionaire investor Warren Buffett on Monday said buyers of bitcoin, which he has characterized as “rat poison squared,” thrive on the hope they’ll find other people who will pay more for it...
https://knews.kathimerini.com.cy/en/comment/opinion/you-can-t-put-a-price-on-heritage
When the German tabloid Bild suggested that Greece should sell off Corfu and the Parthenon as part of its asset-stripping, they didn't know that Durrell had foreseen this many years ago...
https://knews.kathimerini.com.cy/en/comment/opinion/don-t-get-caught-up-in-the-east-med-energy-hype
It is tempting for resource-poor countries to overestimate the promise of newly discovered hydrocarbon resources, particularly in times of need...
https://knews.kathimerini.com.cy/en/business/j-p-overseas-struggles-to-make-things-right
There is no end in sight in the bitter division within J&P Overseas, with one executive drawing on the company’s old glory to save the company while another pointing to mismanagement and threatening to take legal action....
https://knews.kathimerini.com.cy/en/news/police-question-suspects-in-retired-teacher-murder
Police are questioning suspects in the Aglandjia murder case in Nicosia, where the body of a retired teacher was found tied up and gagged, with investigators considering a possible robbery and involuntary manslaughter....
https://knews.kathimerini.com.cy/en/business/cyprus-recovery-is-being-recognised-by-international-agencies
Fitch does not currently anticipate developments with a high likelihood of leading to a downgrade...
https://knews.kathimerini.com.cy/en/business/bank-run-at-cooperative-peaked-in-march
A top official at the Cooperative Bank says more money was lost in bank deposits first quarter this year, just shy of 2 billion, than the outflow during the 2013 crisis....
https://knews.kathimerini.com.cy/en/business/netflix-programming-binge-pays-off-with-subscriber-surge
Netflix says it will spend up to $8 billion on global TV shows and movies in 2018...
https://knews.kathimerini.com.cy/en/business/banks-in-cyprus-greece-and-portugal-may-need-further-reserve-build-up
Fitch also notes that average NPL/total loan ratios at the EU`s largest banks had declined to 4% by end-2017 from 6.5% at end-2014...
https://knews.kathimerini.com.cy/en/business/in-cyprus-cash-is-king
Cyprus and Greece top the list of eurozone countries where people still prefer to pay with cash, casting doubt over the claim that plastic is replacing paper in money transactions....
https://knews.kathimerini.com.cy/en/news/bail-reversed-for-cypriot-brothers-in-fiji
Two Cypriot brothers remain in custody in Fiji on charges of money laundering, after a high court reversed a previous bail ruling, citing the seriousness of their alleged crimes and possible long sentences. ...
