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571. 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...

572. Russian tiger plane steals the show in Larnaca

A plane with the majestic face of a Siberian tiger landed at Larnaca International Airport on Sunday, known around the world for raising awareness for the protection of the Amur Tiger...

573. 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...

574. AG names investigators to comb though co-op

A former judge, an economist, and a banker will make up the executive committee that will investigate any suspicious dealings that took place in the troubled Cypriot co-op...

575. Debt deal exceeded market expectations, Tsipras says

Greek Prime Minister Alexis Tsipras on Friday hailed the Eurogroup debt deal for Greece during a televised exchange with President Prokopis Pavlopoulos, referring to a "historic" agreement that exceeded the expectations of the markets....

576. ESM warns Cypriot banks of quick fixes

The European Stability Mechanism warns Cyprus that despite a recent decline in non-performing loans (NPL), the banking sector remains vulnerable due to weak profitability and a still high NPL ratio...

577. Cyprus to crackdown on shell companies

The Central Bank of Cyprus has just made it harder for brokers to set up front companies on the island, following pressure from US officials who say more needs to be done to combat money laundering...

578. Probe countdown begins for Cyprus Co-Op debacle

Attorney General Costas Clerides is moving forward with the launching of an investigation into possible offences at the Cyprus Cooperative Bank, in connection with bad loans worth €7.5 billion...

579. #PoliticsBlog End of an era and Harris’ bitter chalice

Journalists often abuse the term 'end of an era' but in the case of the Cyprus Cooperative Bank, these words totally fit the bill...

580. May tourists up 7.6% despite Russian drop

Tourist arrivals went up by 7.6% last month, lending credence to earlier predictions that industry numbers were on a good path despite a disappointing Russian exit...

581. Couple in money fraud case suddenly off the hook

A married couple accused of stealing hundreds of thousands of euro from bank safe deposit boxes is off the hook after a state prosecutor failed to file charges against them properly....

582. ECHR rules against Cyprus in abuse complaint

The Republic of Cyprus will have to pay €25,000 to a Canadian citizen, following a decision by the European Court of Human Rights that found he was abused while in police custody and authorities did not carry out an effective investigation into his complaint...

583. Paphos mayor sticks to his guns in Turkish Cypriot property saga

Paphos Mayor Phedonas Phedonos is dismissing a response issued by the Interior Ministry regarding the latest Turkish Cypriot property saga, while reiterating allegations he made about favouritism and criminal activity in his town...

584. CTO sees tourism potential despite Russian defect

The Cyprus Tourism Organisation says tourist arrivals are expected to rise in 2018 despite a drop in Russian visitors to the island, while the government is moving forward with new plans for tourism on the island...

585. Government and Co-op begin consultations with bidders

586. Suspects in Paphos mayor mother's car bombing head to trial

Three suspects will appear before the Paphos criminal court next month to face charges in connection with the car bombing that belonged to the mother of the town’s mayor...

587. IMF, Berlin still divided over Greek debt but progress in sight

A meeting of the so-called Washington Group – representatives of Greece’s creditors as well as the governments of Germany, France, Spain and Italy, the biggest eurozone economies – failed to break a deadlock over the Greek debt as the International Monetary Fund and Berlin remain divided on the length of an upfront extension on bailout loans....

588. Paphos mayor says property pillage still rages on

Paphos Mayor Phedonas Phedonos believes the “pillage” of Turkish Cypriot properties in the south is still alive and well, just as the government says it is taking action to ensure fairness for all involved...

589. With eye on re-election Tsipras rolls dice on Macedonia

Greek Prime Minister Alexis Tsipras is taking a big gamble in trying to settle a decades-old name dispute with neighbouring Macedonia which could backfire in a pre-election year among voters already jaded by his economic austerity policies...

590. 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...

591. Tsipras says Greece will meet fiscal targets with no fiscal gap in 2018-9

Greece and its foreign creditors agreed that the country will meet its fiscal targets in the coming years and there will be no fiscal gap in 2018 and 2019, Prime Minister Alexis Tsipras told his cabinet ...

592. Venezuela's re-elected Maduro faces overseas censure

Venezuela’s socialist leader Nicolas Maduro faced fresh international censure on Monday after re-election in a vote foes denounced as a farce cementing autocracy in the crisis-stricken OPEC nation...

593. 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...

594. Booming Cyprus breaks more tourism records

An influx of Russian and British tourists has helped Cyprus break more records for the number of arrivals this year...

595. Paphos city hall to raise rainbow flag

Paphos will raise the rainbow flag for the first time this month, as Cyprus celebrates diversity and acceptance in an effort to Make The Change...

596. 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...

597. Greece's Souda Bay naval base is ‘world-class’

Greece’s military base in Souda Bay, Crete, is an “essential hub” for NATO operations in the Mediterranean, combining world-class facilities with access to North Africa, the Commander of Allied Joint Force Command Naples and US Naval Forces Europe and Africa, US Navy Admiral James Foggo....

598. Co-op receives two bids in good bank, bad bank scenarios

The Cooperative Central Bank (CCB) announced on Monday it has received two bids as part of its privatisation process launched in March, with one bidder going after the ‘good bank’ scenario just as the European Commission approved the acquisition of Altamira Cyprus by a joint platform with CCB and one of the bidders...

599. Trump seeks 'very meaningful' summit in with N. Korea

US President Donald Trump has high hopes of “doing something very meaningful” to curtail North Korea’s nuclear ambitions at a summit in Singapore next month, after Pyongyang smoothed the way for talks by freeing three American prisoner...

600. 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...