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121. Freshfields Bruckhaus Deringer LLP choice unconstitutional

122. Fitch Ratings upgrades Cyprus to investment grade

123. Demetra Investment acquires 16% stake in Lordos Hotels

124. Alpha Bank Cyprus unloads NPLs worth €400 million

125. IMF: The Cypriot economy continues its rapid recovery from the 2012–13 financial crisis

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

127. Institutions are testing the resilience of Cypriot society

128. Cyprus eyes 10-year low yield bond after S&P lifts sovereign to investment grade

129. US warns Moscow is trying to buy off individuals and spread disinformation

130. Cyprus back into investment grade

Cyprus got its investment worthiness stripes back on Friday as Standard & Poor’s raised the country’s credit grade from BB+ to BBB- with a stable outlook, five years following a devastating financial collapse...

131. EU Commissioner for Competition Margrethe Vestager visits Cyprus

132. 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...

133. INTERVIEW WITH THE FRENCH MINISTER OF FOREIGN AFFAIRS

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

135. Hellenic takes on 400,000 new customers

Hellenic Bank is taking on 400,000 new customers, leaving bad debt behind in the acquisition of healthy parts of state-owned Cyprus Cooperative Bank...

136. Former trustee says Credit Unions were in chaos

Another former trustee of the defunct Cyprus Cooperative Bank speaks out, describing a world of chaos at the financial institution where lack of expertise, political pressure, and wrongdoing ruled the day ...

137. Former trustee says co-op sapped with impunity

Investigators in the probe into the collapse of credit unions in Cyprus heard testimony this week that political parties endorsed a sense of impunity among bank officials...

138. 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...

139. 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...

140. 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...

141. Unions okay with CCB severance package

Union employees at Cyprus Cooperative Bank have agreed to sign up on a severance package plan this summer, ahead of a takeover by Hellenic Bank, saying it can contribute to labour peace...

142. Unions to discuss CCB severance offer

The Cyprus Cooperative Bank is making another effort to strike a deal with unions in order to get 900 employees agree to walk away...

143. Greece decides to expel Russian diplomats

The Greek government has decided to expel two Russian diplomats, and ban the entry into Greece of two more, accusing them of intrusion into domestic affairs and illegal acts against Greece’s national security, Kathimerini has learned....

144. 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...

145. 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...

146. House shifts into gear with Sunday bad loans session

It will be a long weekend for the House finance committee, which will hold emergency sessions ahead of a crucial Sunday vote on bad loans and state guarantees for Hellenic Bank...

147. Co-op investigators can go as far back as they want

The newly-assigned co-op investigators, handpicked by the attorney general to look into the recent troubled past of the Cyprus Cooperative Bank, will have no time limits in what events they choose to examine...

148. 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...

149. 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...

150. Government welcomes Diko support on bad loans

The Cyprus government says it can work with opposition centrist party Diko to pass much needed comprehensive legislation on bad loans that would also pave the way for a co-op deal to go forward...