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361. Brexit no-deal preparedness: Final Commission call to all EU citizens and businesses

With 8 weeks to go until the United Kingdom's withdrawal from the European Union on 31 October 2019, the Commission has today – in its 6th Brexit preparedness Communication – reiterated its call on all stakeholders in the EU27 to prepare for a ‘no-deal' scenario. In light of the continued uncertainty in the United Kingdom regarding the ratification of the Withdrawal Agreement – as agreed with the UK government in November 2018 – and the overall domestic political situation, a ‘no-deal' scenario on 1 November 2019, remains a possible, although undesirable, outcome...

362. Scope rates Cyprus with BBB-

Scope Ratings affirmed last week the Republic of Cyprus’ BBB- long-term issuer and senior unsecured local- and foreign-currency ratings, along with a short-term issuer rating of S-2 in both local and foreign currency, noting that all outlooks are stable...

363. Brussels piles on pressure over Greece-Cyprus-Israel electricity cable

Just when the Greek Energy Minister thought he could take a short August break, after a hectic first 30 days of the Mitsotakis administration, a stern warning from Brussels has exposed the wavering attitude that Athens has chosen by succumbing to pressure from the Chinese-controlled transmission system operator ADMIE over the Attica-Crete subsea electricity cable...

364. Deutsche Bank axes 18,000 jobs

365. US bill calls for end to Russian military vessels refueling in Cyprus

The Eastern Mediterranean Security and Energy Partnership Act of 2019 would allow the U.S. to fully support the trilateral partnership of Israel, Greece, and Cyprus through energy and defense cooperation initiatives...

366. US Senate Foreign Relations committee advances East Med Act

367. Facebook to launch cryptocurrency called Libra

368. Fiscal Council: Implement reforms and maintain surpluses

369. Bank culture should change Central Bank Governor says

370. IMF: Cyprus economic recovery gradually decelerating but remains strong

371. Moneyval eyes lawyers and accountants

372. Moneyval asks for regulation beyond Banks

373. Lakkotrypis: Cyprus energy developments an incentive for Turkey

374. Cyprus raises 1.25 billion euros to repay Russian loan early

375. US Treasury official: Cyprus has made huge progress in combating money laundering

376. Anti-money laundering efforts beginning to be recognized abroad, Central Bank Governor says

377. US Assistant Secretary for terrorist financing to visit Cyprus

378. New prospects for East Med

The “Eastern Mediterranean Security and Energy Partnership Act” submitted to the US Congress by Senators Robert Menendez and Marco Rubio that essentially upgrades the geopolitical roles of Greece and Cyprus is seen in Athens as a reflection of Washington’s renewed interest and growing involvement in the region. ...

379. US Senator Menendez to visit Cyprus next week

380. US senators introduce legislation to reshape East Med strategy

381. A Greek prime minister at the White House

382. Finish what you started on reforms, IMF tells Greece

383. Implementation of the Multilateral Instrument

384. Parsimonious northerners are the euro's biggest winners, study shows

Germany and the Netherlands have benefited enormously from the euro over the 20 years since its launch, a study has found, while for almost every other member the single currency has been a serious drag on economic growth....

385. Cypriot bond yields tumble after stellar bond sale

386. Cyprus's first private power station to reduce electricity prices

387. Germania airline files for bankruptcy, halts flights

388. Cyprus prepares to tap international markets after early repayments

389. Merkel expresses support for reform effort, Prespes deal

On her first visit to Athens in four years, German Chancellor Angela Merkel on Thursday expressed her support for the Prespes name deal as well as Greece’s ongoing economic reform efforts, saying the country was entering a new phase....

390. UK shipping firm P&O re-flagging two vessels to Cyprus ahead of Brexit