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841. Cobalt expresses regret as airline ceases operations

Travelers who were scheduled to fly back on Cypriot carrier Cobalt Air will have to get their own one-way return tickets, following a company decision to ground all its flights...

842. Alvarez and Marsal to administer J&P Overseas

843. Missing man’s car found, no sign of him yet

A vehicle belonging to a man gone missing over the weekend was spotted on Monday parked near a gas station in Limassol, with almost no signs yet as to the whereabouts of its owner...

844. Cyprus poses for the camera up in space

Well known German astronaut Alexander Gerst says it is not possible to miss Cyprus from space, and he proved it with a post on social media...

845. Cypriot arrested in Sydney on meth charges

A 47-year-old Cypriot male has been arrested at Sydney International Airport on Sunday, with Australian authorities charging him for smuggling drugs into the country worth over €3 million...

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

847. Four arrested in suspected credit card fraud scheme

Four suspects have been arrested at Paphos airport on credit card fraud charges, after customs officers found stolen as well as possibly fake credit cards in their luggage...

848. Banks have their recovery work cut out

The bank stock slump has gone on for too long and valuations are now exceptionally low, say senior credit sector officials in Athens. However, analysts questioned on the issue by Kathimerini say the problems that Greek lenders are facing will not be overcome quickly, justifying the pounding the sector has sustained on the Athens stock exchange....

849.  Anastasiades at Diaspora dinner: No guarantees needed

850. ECB starts buying Cypriot bonds after ratings upgrade

851. Moody's keeps Greek rating unchanged at B3

Moody’s kept Greece's sovereign credit rating unchanged at B3, with a positive outlook, in a credit opinion it issued on Wednesday....

852. Fitch Ratings upgrades Bank of Cyprus

853. Bank of Cyprus plans voluntary layoffs in 2019

854. Bank of Cyprus CEO makes the case for Cyprus recovery

855. Greek banks to chase borrowers who refused to open their accounts

Banks have firmly focused their attention on debtors who have resorted to the provisions of the so-called Katseli law – named after former economy minister Louka Katseli – for protection now that their bank account secrecy has been lifted....

856. Cyprus issues sovereign bond, draws €1.5 billion at 2.4%

857. Finance Minister tweets Winston Churchill

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

859. 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...

860. AG disagrees with former banker’s acquittal

Attorney General Costas Clerides disapproves of the acquittal of former banker Andreas Eliades, saying cases involving the collapse of the credit and financial system are “difficult and complicated...

861. Cyprus launches website for film industry

The Cyprus Investment Promotion Industry (Invest Cyprus) launched on Tuesday the Scheme for the promotion of the filming industry, presenting the online platform where interested parties can apply for cash rebates and other incentives for their productions...

862. 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...

863. 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...

864. More hotels to stay open during winter

Cyprus hoteliers say the occupancy rate has reached or exceeded 90%, with officials expecting good performance through the end of the year despite Russian numbers dwindling...

865. Announcement of Appointment of Director

The Management of K. Treppides & Co Ltd is pleased to announce the appointment of Mrs Maria Sourmeli as a Director of the Firm, with effect from 1st September 2018...

866. 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...

867. 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...

868. 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 ...

869. Cyprus goes all out in the maritime insurance game

Cyprus has been a serious contender in the maritime and shipping industry, but recently it emerged as one of few unbeatable alternatives for big foreign P&I clubs looking to set shop home away from home...

870. 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...