Search

3391. Turkish Lira rallies as central bank raises interest rates to 24%

3392. 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...

3393. 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...

3394. INTERVIEW WITH THE FRENCH MINISTER OF FOREIGN AFFAIRS

3395. Russia, Iran and Turkey have different visions for Syria but all three face US sanctions

3396. British Airways suffers embarrassing data breach

Financial information of potentially hundreds of thousands of British Airways customers has been stolen, during a data breach affecting online payments made through the UK flagship carrier’s website...

3397. Holland cuts CMP a check for €50,000

Dutch Foreign Minister Stef Blok toured the Anthropological Laboratory of the Committee on Missing Persons, handing over a cheque for €50,000 on behalf of The Netherlands...

3398. Cyprus makes the case for regional headquartering

Cyprus has emerged as a serious contender in the world of international investment, putting a conference in Limassol next week in a unique position to promote the island as a regional headquartering centre...

3399. Cops baffled by Paralimni mystery goon

Police are investigating whether a bomb attack in Paralimni may be linked to arson on a nearby beach, where public sun beds and umbrellas were set on fire...

3400. 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...

3401. 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...

3402. Merkel endorses Euro clearing move from London to Frankfurt

3403. 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...

3404. Greek seamen to stage fresh 24-hour strike

Greek seamen have decided to stage a fresh 24-hour strike after their union on Monday rejected an offer for a 2 percent annual pay hike following negotiations with the sector’s employers, Kathimerini understands....

3405. 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 ...

3406. Turkish Cypriots to touch base with Ankara

Turkish Cypriot officials are reportedly getting ready for a trip to Ankara where they will discuss the Turkish economic crisis and its impact on the northern part of the island...

3407. 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...

3408. Cyprus-based company bids for Serbian copper

A Cyprus-based company is among three bidders trying to strike a partnership with Serbia’s only copper mine and smelter...

3409. Bulgaria scrambling over Olympic bankruptcy

The bankruptcy of Cyprus-based Olympic Insurance Company has become the focus of attention and a regulator has resigned, after 200,000 Bulgarians were left without insurance...

3410. Come back, support Greece

We are caught between celebrations over Greece’s “clean exit” from the bailout programs on one hand and, on the other, allegations that the country has effectively signed up to what can be considered a “fourth memorandum” and is headed to economic disaster....

3411. Abandoned Berengaria goes up for auction

The abandoned Berengaria hotel in Cyprus, a historic building known around the world for its ‘ghosts lurking in the dark’ is going up for auction next month...

3412. Cyprus puts team together to save gas deal

The Cyprus government is willing to renegotiate terms with an energy consortium, following concerns on the part of companies that worry new developments and low gas prices would render a current deal not profitable...

3413. Tsipras: Greece's modern-day 'Odyssey' is over

Greece’s emergence from nine years of crisis and international financial bailouts marks a “new day” for the country, a “day of redemption but also the dawning of a new era,” Prime Minister Alexis Tsipras said on Tuesday, in a televised address from the Ionian island of Ithaca....

3414. NGO says asylees can’t cope in Cyprus

A human rights group is calling on authorities to do more to help asylum applicants in Cyprus, saying rules governing financial aid are “racist and inhuman” five years post economic crisis...

3415. Larnaca kindergarten goes up in flames

A kindergarten in Larnaca went up in flames early Monday morning, with police pointing to a financial dispute as the reason behind the arson attack...

3416. US-Turkish tensions add to regional risk

US-Turkish relations have never been easy to manage. But the current standoff between Washington and Ankara is striking, even by the standards of an historically difficult relationship....

3417. The solitary third age of Greek Australians

Thirty-three-year-old Dimitra will lock her door tomorrow morning and breathe in the chilly Melbourne air. ...

3418. Global jitters hit Greek bonds

Just days before Greece is to emerge from its international bailouts, upheaval in international markets took a toll on Greek bonds on Thursday, driving yields up above 4 percent....

3419. US posture could overpower Cyprus solution agenda

Following July’s meeting with the two Cypriot leaders, sources say special UN envoy Jane Holl Lute appeared unconvinced regarding the basis for further peace talks and that a meeting in New York could be in the works to clarify once and for all...

3420. Hot weather still a Cyprus gold mine

Inbound visitors drawn to the island spend more money than what outbound locals spend overseas, and a study says it is because of the warm climate...