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1111. Bank of Cyprus plans voluntary layoffs in 2019

1112. Institutions are testing the resilience of Cypriot society

1113. More Turkish Cypriots seek higher wages in the south

Reports in the northern part of the island show the devaluation of the Turkish lira and higher wages in the south are driving more Turkish Cypriots to seek employment in the Republic of Cyprus...

1114. Cyprus back into investment grade

Cyprus got its investment worthiness stripes back on Friday as Standard & Poor’s raised the country’s credit grade from BB+ to BBB- with a stable outlook, five years following a devastating financial collapse...

1115. Knock it down and rebuild it from scratch

1116. INTERVIEW WITH THE FRENCH MINISTER OF FOREIGN AFFAIRS

1117. Cyprus argues British Military Bases in Cyprus violate UN Charter

1118. 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...

1119. Taking action to clean up Akamas

Putting all other obligations on hold just for a day and armed with the slogan #akamascleanup, we dedicate one Sunday to clean one of the most beautiful spots in the Mediterranean...

1120. 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...

1121. 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...

1122. 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 ...

1123. 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...

1124. 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...

1125. Teachers march nine thousand-strong

Thousands of demonstrators descended on Presidential Palace Avenue on Tuesday, protesting a Cabinet decision to trim down the number of class-exempt teaching hours in state schools...

1126. Bank of Cyprus CEO stays put through 2020

Bank of Cyprus CEO John Patrick Hourican will stay in his current position through the end of 2020, following a decision by the executive board at the largest lending institution in Cyprus...

1127. Odysseas says Harris was being stubborn

The auditor general is pointing fingers at the finance ministry’s handling of the Cyprus Cooperative Bank affair, telling an independent investigation committee that some actions were misleading...

1128. Teachers regroup ahead of big demonstration

States teachers unions rejected over the weekend a government attempt to seek middle ground in budgeting exempted hours, saying they had nothing to do with the proposal and warning they would resist any change without mutual agreement...

1129. 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....

1130. 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...

1131. 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....

1132. Regling says Greece will remain linked to ESM

Greece will be monitored more closely by the European Stability Mechanism (ESM) and the other institutions after its bailout ends six days from now compared to other countries that emerged from rescue programs, according to ESM chief Klaus Regling....

1133. 2021, a landmark year

It won’t be long before 2021 is upon us. In three years’ time Greece will be celebrating the bicentennial of its war of independence against Ottoman rule. It will be a landmark anniversary and should be commemorated as such. All sorts of institutions, foundations and associations will host events which, combined with the state ceremonies, will lend a celebratory character to the occasion....

1134. Cyprus hunters form political party

A new group is knocking on the door of political lobbying in Cyprus, as organised hunters have taken all steps except formalities to join the political landscape...

1135. Reporter fights back against hate speech

Journalists are calling on the state to curtail hate speech, following a death threat on social media against a local reporter...

1136. 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...

1137. Holding referendums in FYROM and Greece

The Former Yugoslav Republic of Macedonia (FYROM) is moving ahead with preparations for its referendum on the name deal reached with Athens, which will pave the way for its induction to NATO and remove a major obstacle to the process for it to join the European Union....

1138. 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....

1139. 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....

1140. Erdogan says 'will never forget those who embraced coup-plotters'

In a speech to a large crowd marking the second anniversary of a foiled military coup, Turkish President Recep Tayyip Erdogan declared that he would "never forget those who embraced the coup-plotters" in an apparent dig at Greece where eight Turkish servicemen have sought asylum....