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/news/cypriot-mother-son-duo-involved-in-illegal-drug-entreprise
Two Cypriots, mother and son, are involved in a case of international illegal drug trafficking, with UK authorities saying the woman in London was making trips to collect money on her son’s behalf...
https://knews.kathimerini.com.cy/en/news/new-horrific-details-emerge-in-kioneli-murder
New horrific details emerge in the Kioneli murder, with a Turkish Cypriot mother in police custody admitting that she killed her young son after seeing a social media comment posted by the boy’s father...
https://knews.kathimerini.com.cy/en/news/turkey-pays-greek-cypriot-damages-relating-to-property-in-north
Turkey has paid, through the Council of Europe, a Greek Cypriot non – pecuniary damages, plus legal expenses, in addition to VAT in the order of €14,526.75 in line with a European Court of Human Rights (ECHR) judgment...
https://knews.kathimerini.com.cy/en/news/lawyer-accuses-police-of-double-standards-in-waitress-death
Police are scrambling to move an investigation forward that left a 24-year-old waitress dead in Nicosia, with the family’s lawyer accusing cops of double standards...
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/news/strovolos-double-murder-suspects-to-enter-plea-june-13
The arraignment of the four suspects in the Strovolos double murder was set for June 13 during Friday’s hearing, where one of the defence lawyers raised questions over the conduct of police investigators with his client...
https://knews.kathimerini.com.cy/en/news/cypriots-beef-up-home-security-in-wake-of-horrific-crimes
Cypriots are beefing up home security in the wake of horrific and largely unexplained crimes, despite police saying crime has gone down on the island...
https://knews.kathimerini.com.cy/en/news/police-say-strovolos-suspect-admits-to-murders
Police say the main suspect in the Strovolos double murder, during a written deposition admitted to killing the couple but many gaps in the convoluted investigation still remain unanswered...
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/news/eu-membership-has-not-worked-as-a-catalyst-for-peace
Cyprus` membership to the EU in 2004 has not worked as a catalyst towards a solution of the Cyprus problem...
https://knews.kathimerini.com.cy/en/business/hellenic-bank-in-a-time-crunch-to-bid-on-ccb
The deadline in the privatisation process for the Cyprus Cooperative Bank (CCB) has been postponed until mid-May, setting in motion the executive board at the Hellenic Bank to intensify discussions on making a bid. ...
https://knews.kathimerini.com.cy/en/news/cyprus-police-make-an-arrest-in-strovolos-double-murder
Police have made an arrest in connection with the Strovolos double murder, with authorities describing this development as a step closer to solving the case...
https://knews.kathimerini.com.cy/en/news/cyprus-police-defend-actions-in-double-murder-case
Another foreign expert could be joining the investigative team in the Strovolos double murder, with police facing many unanswered questions and pushing back on criticism for the way they are handling the case....
https://knews.kathimerini.com.cy/en/news/police-keep-a-tight-lip-in-strovolos-double-murder
Police are keeping a tight lip in the Strovolos double murder case, saying the investigation is going forward despite public and media criticism pointing to a series of errors.
...
https://knews.kathimerini.com.cy/en/news/cypriot-state-forensic-pathologists-under-scrutiny
Private forensic pathologist Marios Matsakis, who represents the victims’ family in the Strovolos double murder case, is questioning whether Cyprus has a reliable state forensic pathology department....
https://knews.kathimerini.com.cy/en/news/body-of-woman-found-tied-up-in-nicosia
The body of an elderly woman was found tied up and gagged in Nicosia on Monday, after she was discovered by her own daughter who went for a visit....
https://knews.kathimerini.com.cy/en/news/former-central-banker-says-oligarchs-are-banks-achilles-heel
Former central banker Panicos Demetriades says Cyprus is serving Russian oligarchs at the expense of its credibility abroad while doubting the success story in a tell-all interview with Kathimerini...
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/news/police-searching-for-clues-in-brutal-double-murder-case
Crime investigators in Nicosia believe they are getting closer to cracking the Strovolos double murder case wide open, despite coming away empty handed during a search in the perimeter of the home and sharing little information with the media. ...
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/georgiades-makes-the-good-case-for-ccb
Borrowers who default on a loan won’t be able to pick up the phone and ask a politician to intervene, according to Finance Minister Harris Georgiades, who insists that separating healthy banking from bad loans is the best way forward for the Cyprus Cooperative Bank....
https://knews.kathimerini.com.cy/en/business/privatisation-of-co-op-may-lead-to-the-creation-of-a-bad-bank
A process launched by the nationalised Cooperative Cyprus Bank may lead to the creation of an Asset Management Company also known as a bad bank ...
https://knews.kathimerini.com.cy/en/news/cooperative-bank-outflow-appears-to-have-stopped
The Cyprus finance minister says outflow has stopped at the state-owned Cyprus Cooperative Bank, following a €2.5 billion deposit by the government that is seeking private investors for the troubled institution....
https://knews.kathimerini.com.cy/en/business/government-boosts-ccb-s-hand
The Cyprus government says it is depositing €2.5 billion at the Cooperative Bank of Cyprus, as part of a broader plan to eliminate uncertainty among depositors in the wake of a privatisation bid...
https://knews.kathimerini.com.cy/en/business/loans-in-banking-system-reach-€51-1-billion
Total deposits in February recorded a net decrease of €29.2 million...
https://knews.kathimerini.com.cy/en/business/cypriot-investor-signs-$4-2-billion-zimbabwe-platinum-deal
It is the largest investment structure in the country’s mining industry in Zimbabwe...
https://knews.kathimerini.com.cy/en/business/hedge-funds-show-interest-in-cyprus-co-op
Major hedge funds are showing interest in the Co-Operative Bank of Cyprus, including one headed by former Bank of Cyprus Vice Chairman and current US Commerce Secretary Wilbur Ross. It is too early to predict any deal since investor goals differ from each other and all would depend on final numbers at a later stage. ...
https://knews.kathimerini.com.cy/en/business/co-op-bank-en-route-to-healthy-future
Cyprus Co-operative Bank will be healthier without a massive NPL problem. Already it has managed to cut down on the number of branches and reduce its staff, but now the big step is finding investors with the right kind of portfolio to move banking forward....
https://knews.kathimerini.com.cy/en/news/cyprus-egypt-agree-on-pipeline-terms
A final draft has emerged with Egypt and Cyprus agreeing the terms that would regulate the construction of an underwater pipeline from the Aphrodite gas field to two LNG terminals, Idku and Damietta. Experts hope that other players would jump on board to justify further such a commercial endeavor. ...
