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571. Parallel House on Kea earns two young architects Domes award

Located in a wild, inhospitable and isolated corner of the Cycladic island of Kea, the Parallel House took the prize for Best First Work by a Young Architect at this year’s Domes Greek Architecture Awards earlier this month. Katerina Kourkoula and Hannes Livers Gutberlet of the firm En Route designed a residence along the contours of the natural landscape, parallel to the island’s southeastern coast, looking out toward the nearby island of Kythnos....

572. Checking of Greeks cash abroad begins

The tax administration now has data concerning Greeks with deposits, dividends, shares and real estate abroad over the last couple of years, in the context of the automatic exchange of information....

573. President briefs locals on SBA land use

Local land owners who have properties within the Sovereign Base Areas could be eligible to find foreign buyers or otherwise utilize their property, but not before an environmental study is completed next year...

574. Project Helix, Differed tax, prop up Bank of Cyprus results

575. Nicosia cop arrested on racketeering charges

Three men, including a police officer, have been arrested on racketeering charges following allegations by a construction company owner who says the suspects threatened him...

576. Bank of Cyprus sells NPEs amounting to €34 million to APS Delta

577. Slain Briton’s parents want fair trial

The parents of murder victim George Low, who was fatally stabbed in Ayia Napa two years ago, are left with more questions than answers as another Christmas holiday goes by without any sign of a criminal trial...

578. CBC introduce sharper rules against the so-called “Shell and Letterbox Companies”

The central bank of Cyprus has redefined the definitions of the so-called “shell and letterbox companies”, in an attempt to tighten the directive for the prevention of Money Laundering and Terrorist Financing...

579. Greece's Eurobank to acquire Grivalia Properties

580. CBC releases investment fund data

581. Shell companies ''This is over, its finished''

582. Fund Management a 'new beginning' for Cyprus

583. Weak Greek economy threatened by world unrest

584. 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....

585. Anastasiades: Investment fund registrations up 18%

586. 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....

587. British MP pushes for justice in George Low murder

British MP Gareth Johnson is scheduled to arrive on the island on Wednesday, where he hopes to push local authorities to being justice in the murder of George Low back in 2016...

588. 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...

589. 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 ...

590. 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...

591. 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...

592. Investing in knowledge

A growth rate of 1.9 percent is way too small for a country like Greece, especially as the rest of Europe’s performance is so much more robust. This is, after all, a country that shed 25 percent of its gross domestic product (GDP) in the course of a decade. What we should be seeing, therefore, is the effect of a tightly wound spring, whereby a virtuous cycle of growth begins and only gets faster with time. Instead, we’re hobbling along at 1.9 percent, the slowest rate an economy can achieve after hitting rock bottom....

593. Holiday Inn Nicosia under new ownership

Holiday Inn Nicosia is coming under new ownership, after Greek company NBG Pangaea shelled out two thirds of the total price of €11.2 million...

594. 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...

595. Government throws Co-Op ball in Hellenic’s court

The Cyprus Cooperative Bank will examine Monday a final offer from Hellenic Bank to acquire the troubled state-owned institution, with government seeing the buyout as a good step while critics saying tax payers are unfairly picking up the tab...

596. Parents of Ayia Napa murdered victim blame Cyprus

The parents of George Low, the 22-year-old Briton who was stabbed to death in Ayia Napa two years ago, say the killers of their son walk free because north and south in divided Cyprus don’t cooperate...

597. Passport scheme could bring ‘Dutch disease’ to Cyprus

The Fiscal Council is warning that the passports-for-cash scheme could mean that some sectors of the economy could suffer while others grow, a phenomenon known as the Dutch disease...

598. Government and Co-op begin consultations with bidders

599. 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...

600. The first modern Islamist fundamentalist conquest of the West?

New revelations expose Turkey stealthily positioning itself to attempt to permanently possess the northern third of Cyprus which is rich in hydrocarbons...