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1231. Banks must find new profitable products, CBC Governor says

The task of securing alternative profitable products besides lending is the biggest challenge for banks in small countries such as Cyprus, Central Bank Governor Constantinos Herodotou said on Friday....

1232. Woman gets seven years in white collar crime

A former employee at a credit union in eastern Nicosia has been sentenced to seven years in prison for financial crimes worth over half a million...

1233. Limassol’s trade enabler gets new CEO

The appointment of a new CEO at DP World Limassol is expected to give the company a new impetus, after a year of investing and upgrading infrastructure and equipment...

1234. Cypriot resident tests negative for Wuhan bug

A young man from China, who was quarantined in Nicosia General Hospital in a suspected case of coronavirus, is going home on Sunday after testing negative for the Wuhan bug...

1235. British High Commissioner talks trade, free movement after Brexit

In an interview with the Cyprus News Agency, British High Commissioner in Cyprus, Stephen Lillie, talks about what tomorrow will look like, and what applies for Cypriot and British nationals living in both countries, which he said share a deep historical relationship....

1236. Insurers need profound transformation and the right talent

As insurance industry growth remains stagnant for another year due to low interest rates, the shifts in consumer demographics around the world coupled with heightened expectations for digital experiences present insurers with risks and opportunities...

1237. EU tells UK it will 'never, never, never' compromise on single market

The European Union will “never, never, never” compromise on the integrity of its single market, its chief Brexit negotiator warned Britain on Monday, saying London must now face reality after underestimating the costs of leaving....

1238. GCC achieves high Customer Satisfaction

1239. Nicosia and Athens condemn Ankara's illegal drilling

The Government of Cyprus publicly condemned Turkey’s newly planned illegal drilling within the Exclusive Economic Zone and continental shelf of the Republic of Cyprus, while the Greek Foreign Ministry strongly condemned Turkey΄s plans, stressing that their actions have neither legal effect nor create fait accompli....

1240. Thousands of Greek cards to be replaced in travel website data breach

Greece’s four systemic banks have canceled or are planning to cancel and replace up to 15,000 credit and debit cards, after the payment card data used by some of their customers on a Greek online tourist services portal was hacked....

1241. Arrested woman linked to armed robbery

A broken cell phone ended up linking a foreign woman, who was arrested Monday on theft charges, to another crime that took place ten years ag...

1242. Businesses must address digital fatigue and consumer privacy

1243. Bank of Cyprus revises Privacy Statement

Bank of Cyprus has revised its Privacy Statement relating to the processing of personal data of natural persons...

1244. Cypriot police zero in on ‘ecstasy warehouse’

Cypriot police were said to be zeroing in on a possible location in Limassol, where 645 kilos of ecstasy are believed to have been stashed inside barbeque grills that were exported and later seized by authorities in Australia...

1245. CITR Cyprus calls for modern insolvency rules

1246. K. Treppides & Co Ltd: Family offices and Succession Planning for the Next Generation

The expansion of the family office sector has increased exponentially since the millennium. For most family offices, the greatest challenge to overcome is the successful transfer of the family structure to the next generation....

1247. Neighbours criticise Turkey-Libya deal

The foreign ministry of the Republic of Cyprus has condemned the signing of an agreement on maritime boundaries between Turkey and Libya, calling it a “serious violation” of international law...

1248. GoGordian, the new player in property investment

1249. President stresses political determination ahead of Berlin

President of Cyprus Nicos Anastasiades stressed on Friday his determination and political will to attend a meeting in Berlin, later this month, with UN Secretary-General Antonio Guterres and Turkish Cypriot leader Mustafa Akinci, in a positive and creative spirit, aiming to conclude the terms of reference “whatever the Turkish intentions are.”...

1250. Activists step in to rescue trapped birds

A video showing the rescue of illegally trapped songbirds in Cyprus has been posted on Facebook by a group of activists, in an effort to raise awareness amongst the general public...

1251. Cops build case following vice raid

A married couple has been remanded in custody in connection with their involvement in an illicit massage parlour business where foreign women worked part-time offering erotic services to male clients including handjobs...

1252. Anti-Money Laundering and Terrorist Financing Preventing Framework: Legislation Gaps

Over the last years, the EU has developed a solid regulatory framework for preventing money laundering and terrorist financing. However, these rules are not always able to capture the growing technological developments and potential gaps that can be exploited by criminals...

1253. Turkey criticized over Syria offensive during EP debate

Turkey was heavily criticized on Wednesday for its military operation in north-east Syria, during a debate at the European Parliament plenary, in Strasbourg, while a relevant resolution is expected to be adopted on Thursday....

1254. EU lawmakers reject Turkey's 'safe zone' in Syria, eye sanctions steps

European Union lawmakers on Wednesday condemned Turkey’s offensive to carve out a “safe zone” in northeast Syria and prepared the way for new EU financial sanctions against Ankara....

1255. Brexit deal agreed as EU summit begins

Britain clinched a last-minute Brexit deal with the European Union on Thursday, but still faced a challenge in getting it approved by parliament...

1256. Greek golden visa system in a bind

Greece’s Golden Visa program, offering five-year residence permits to non-European Union citizens who invest at least 250,000 euros in local property, appears to have become a victim of its own success...

1257. Financial Services towards Artificial Intelligence and Machine Learning

Artificial Intelligence in general and machine learning in particular, is not a new concept, but it is only in recent years that financial services firms have started to learn about and understand its full potential...

1258. Smoke scare on flight out of Cyprus

Passengers on a flight from Larnaca to London had to spend the night in Athens after their British Airways flight had to make an emergency landing due to a smoke warning in the cabin...

1259. Mitsotakis in New York – opportunities, substance, results

This week will see the first appearance of Prime Minister Kyriakos Mitsotakis at the United Nations General Assembly. He will make the customary speech before the plenary and be received by the UN secretary-general. However, the substance will be in the meetings that are to take place on the sidelines of the proceedings. ...

1260. Thomas Cook crash is dry run for Brexit failures

Social historians will mourn the demise of the world’s oldest travel company, founded by a Baptist carpenter in northern England in 1841; their corporate counterparts will not. With more than 500 high street outlets, Thomas Cook demonstrated a stunning inability to adapt to changing travel habits. The rise of budget airlines and disruptors like Airbnb combined with the weak pound and the unusually hot summer of 2018 to kill off the company which had suffered a near-death experience in 2011. ...