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1891. Greek and Turkish Foreign Ministers meet in Izmir

1892. 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...

1893. 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...

1894. Court ruling stirs Turkey tension

Greek-Turkish relations took a turn for the worse on Wednesday, with the Turkish Foreign Ministry and other senior officials accusing Athens of violating the Geneva Convention and of protecting terrorists....

1895. 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...

1896. Legal department terminates Agusta helicopter probe

The Legal Services department is closing the case of the controversial purchase of Agusta helicopters, saying investigators did not find evidence of wrongdoing...

1897. Shadows loom over government’s ‘clean exit’ scenario

Greece’s bailout exit has been eliciting condescending and bitter commentary on the country’s beaches and in its near-deserted cities, as few Greeks believes their lives are going to improve or that the country’s prospects will be akin to those of other bailed-out eurozone states. Greece’s “return to normalcy” and “clean exit,” much touted by the government, appear to be happening somewhere else....

1898. Stephen Lillie: There is only plan A for Cyprus

There is a clear plan A for Cyprus, that of a bi-zonal, bi-communal federation solution, and there is no plan B, UK High Commissioner in Nicosia, Stephen Lillie, has told the Cyprus News Agency (CNA), stressing that “for plan A to succeed the negotiations need to be well prepared, and the public opinion needs to be well prepared” as well....

1899. 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....

1900. Petrides announces 5 mln euros for development projects in 94 communities

Interior Minister Constantinos Petrides has announced that 5 mln euros have been allocated for this year to carry out 115 small development projects in 94 communities mostly in the mountain regions of the island....

1901. 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....

1902. Forbes calls Wilbur Ross a ‘grifter’

US Secretary of Commerce Wilbur Ross, the former vice-chairman of Bank of Cyprus, is being accused of being a grifter, following allegations that he swindled associates out of millions...

1903. Wanted: A respected person for assistance effort

After the cries of despair come the calls for help and the need for long-term support. The victims of the lethal inferno that devastated eastern Attica on July 23 don’t just need words of solidarity but deeds too....

1904. Gap in education talks seems unbridgeable

A truce agreed upon ten days ago by state teachers and the government, which aimed to help reengage in a dialogue on school reform, appears to be collapsing...

1905. Identified wildfire victims reach 76, eight remain missing

Seventy six victims of the wildfire that gutted a coastal town in east Attica killing at least 91 people and injuring scores have been identified, the police’s criminal investigation division said on Wednesday in its latest briefing....

1906. Cyprus Tax Webcast July 2018

Watch the new Deloitte Tax Webcast for July 2018 presented by Mr. Pieris Markou, Deloitte Tax & Legal Services Leader...

1907. Cypriots Stand by Greece

A radio marathon and a concert are taking place in Cyprus to show support to the victims of last week’s deadly wildfires in Greece...

1908. The state we’re in

A great European leader – and a true friend of Greece – once said that Greeks were a great nation, but their state is a mess....

1909. Larnaca resident behind global online scam

A global network of online scammers has been dismantled, with the brain of the operation arrested in Larnaca in connection with €18 million worth of damages caused by internet fraud...

1910. Security Council renews UNFICYP mandate

The Security Council authorized a six‑month mandate renewal for the United Nations Peacekeeping Force in Cyprus (UNFICYP) on Thursday, unanimously adopting resolution 2430 (2018)...

1911. ECB lowers emergency funding cap for Greek banks to 8.4 bln euros

The European Central Bank lowered the ceiling on emergency liquidity assistance (ELA) Greek banks draw from the domestic central bank by 1.9 billion euros to 8.4 billion euros, the Bank of Greece said on Thursday....

1912. Greek bank deposits rise in June for fifth month in a row

Greek bank deposits rose in June for a fifth consecutive month, increasing by 1.3 billion euros ($1.52 billion), central bank data showed on Wednesday....

1913. President invites enraged teachers to Palace

President Nicos Anastasiades has extended an invitation to public education union leaders in order to have an open dialogue on school reorganisation...

1914. Defence ministry dismisses kickback allegations

The defence ministry is dismissing allegations of money squandering, accusing a former state auditor of rehashing an old story in connection with kickbacks worth €5 million...

1915. Teachers up in arms as minister rejects ultimatum

Unions of state educators are fuming as Education Minister Costas Hambiarouis rejected their ultimatum to start dialogue from scratch in public school reform...

1916. The positions of SYRIZA, New Democracy and our allies

Diplomats, analysts and officials from international institutions visiting Greece have a hard time understanding and assessing what in their eyes appears to be a bizarre political reality....

1917. Woman returns €10,000 she stole from breast cancer society

An employee at the Europa Donna Cyprus, a breast cancer awareness society, was arrested for stealing over €10,000 from the charity...

1918. Diko calls for inquiry on controversial glossary

The House foreign affairs committee will discuss a controversial glossary of political terms aimed at journalists in Cyprus, following debate and criticism on Greek Cypriot social media on fears of censorship...

1919. Government exploring ways to suspend pension cuts

The government is hoping that surpluses at the Single Social Security Entity (EFKA) will allow the non-implementation of pre-legislated pension cuts on January 1 next year....

1920. Cabinet okays homeowner plan ahead of crucial House session

The Cabinet approved on Tuesday the “Estia” scheme aimed at addressing the high volume of non-performing loans in the Cypriot banking sector, but time is running out as a crucial legislation package on bad loans is also up for a vote on Friday...