https://knews.kathimerini.com.cy/en/business/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....
https://knews.kathimerini.com.cy/en/business/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...
https://knews.kathimerini.com.cy/en/business/cyprus-forecasts-high-gdp-growth-of-3-plus-until-2021
High growth rates exceeding 3% of the GDP and high primary surpluses are projected until the year 2021 in the Strategic Fiscal Policy Framework (SFPF) 2019-2021, which was approved by the cabinet...
https://knews.kathimerini.com.cy/en/business/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 ...
https://knews.kathimerini.com.cy/en/business/uk-financial-sector-wants-global-talent-on-tap-after-brexit
Costs for hiring bankers, accountants and lawyers from outside Britain will soar after Brexit and threaten London’s standing as a global financial centre unless the immigration system is urgently reformed, a report said...
https://knews.kathimerini.com.cy/en/business/russian-dirty-money-flowing-through-london-damages-uk
Russian money hidden in British assets and laundered through City of London financial institutions damages the government’s efforts to take a tough stance against Moscow’s aggressive foreign policy, a committee of lawmakers said...
https://knews.kathimerini.com.cy/en/news/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...
https://knews.kathimerini.com.cy/en/news/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...
https://knews.kathimerini.com.cy/en/business/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...
https://knews.kathimerini.com.cy/en/life/cyprus-pin-hopes-on-show-stopper-eleni-foureira
Perennial makeweight Cyprus hopes to raise its flag over the Eurovision Song Contest on Saturday with Greek singer Eleni Foureira red-hot favourite to wow audiences with her show-stopping song 'Fuego'...
https://knews.kathimerini.com.cy/en/news/hariri-to-visit-cyprus-after-government-formed-in-lebanon
President Nicos Anastasiades spoke Friday on the phone with Lebanon's Saad Hariri, hoping he will be re-elected as Prime Minister of Lebanon...
https://knews.kathimerini.com.cy/en/business/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...
https://knews.kathimerini.com.cy/en/news/chemical-attack-accusations-‘a-farce-assad-tells-kathimerini
In an exclusive interview with Kathimerini, Syrian President Bashar al-Assad denied that the Syrian Army used chemical weapons against civilians while taking aim at both Turkish President Recep Tayyip Erdogan and US President Donald Trump...
https://knews.kathimerini.com.cy/en/news/un-official-in-cyprus-for-fact-finding-tour-on-peacekeeping
UN Assistant Secretary-General for Peacekeeping Operations Bintou Keita is in Cyprus to review the UN peacekeeping force (UNFICYP) and the ongoing progress in the implementation of the Security Council-mandated strategic review of the Mission...
https://knews.kathimerini.com.cy/en/business/first-shipping-minister-sets-ambitious-targets-for-cyprus
The country’s location and tax system have made it a shipping magnet -- drawing maritime companies from Norway, Greece, Dubai and South Korea -- and prompting the creation of a ministry for the industry...
https://knews.kathimerini.com.cy/en/news/us-treasury-assistant-secretary-encouraged-by-meetings-in-cyprus
The United States have been encouraged by the commitments made by Cypriot officials in the framework of meetings US Department of the Treasury Assistant Secretary for Terrorist Financing Marshall Billingslea held on Friday and will continue to work with Cyprus to combat corruption, money laundering, and other financial threats....
https://knews.kathimerini.com.cy/en/business/experts-says-cyprus-economy-to-grow-by-3-8-this-year
The Cypriot economy will pick up momentum in 2018, the University of Cyprus’s Economic Research Centre predicts, upgrading its growth forecast to 3.8% compared with its previous projection of 3.6%.
...
https://knews.kathimerini.com.cy/en/business/eu-sees-strong-growth-as-unemployment-declines
The Commission foresees a "strong growth momentum continuing" in the coming years, but warned of risks widening...
https://knews.kathimerini.com.cy/en/news/oil-tank-demolition-paves-the-way-for-a-new-larnaca
The first oil tank demolition started Thursday on the old Larnaca-Dhekelia road, with President Nicos Anastasiades doing the honours by helping cut the first piece using a welding torch...
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/business/legislation-in-the-works-to-tax-airbnb-rentals-in-cyprus
Home owners who rent out their properties through Airbnb will have to pay taxes if a new law is passed in the Republic of Cyprus, but this may not be enough for tourism stakeholders who have been calling for more restrictions on the online service....
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/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/comment/politcsblog-loans-to-politicians
The Non-Performing Loans (NPL) associated with political public figures reach over €160 million just in the cooperative bank alone. New measures are welcome but can they deliver?...
https://knews.kathimerini.com.cy/en/business/finmin-revenue-from-npls-management-will-repay-cost-of-support-to-co-op
Government moves include establishing an asset – management company, based on conditions that the competent European institutions will set and depending on the finalisation of investment interest in the Co-op...
https://knews.kathimerini.com.cy/en/business/scholz-seen-to-pick-up-where-schaeuble-left-off
Despite the cordial meeting on Friday between Finance Minister Euclid Tsakalotos and his new German counterpart Olaf Scholz, Berlin made it clear that the key Greek demand of debt relief will only be discussed after Greece’s bailout program ends....
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/news/russia-can-build-turkey-power-station-alone
Russian firm Rosatom has been seeking investors for a 49 percent stake in the Akkuyu nuclear power plant project...
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....
