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301. Bloomberg: Russians are downsizing in Cyprus

302. Berengaria goes on ‘best offer’ auction

The lienholders of the abandoned Berengaria have chosen to call for best offers on the legendary hotel, following a failed attempt to seal the deal in a recent auction where the minimum asking price of just over €2 million...

303. EU Commission approves ESTIA scheme

304. Bloomberg reports on J&P Overseas downfall

305. Deutsche Bank headquarters in Frankfurt searched in panama papers probe

306. Greece’s state controlled DEPA gas company buys out Shell stake

307. Greece's Eurobank to acquire Grivalia Properties

308. EU officials call Greece for stability amid pension debate

European officials are urging the Greek government to focus on maintaining financial and political stability even as political parties ratchet up their rhetoric ahead of general elections next year....

309. Suspected loan-shark arrested in Limassol

The Limassol District Court has remanded a 70-year-old local moneylender for seven days on multiple charges including money extortion, blackmail, and illegal loan-sharking...

310. Bad loans in Cyprus decline by €3.28 billion since March 2018

311. Bank share plunge fuels fears about Greece's vulnerability

312. This is the Balkans

313. Banks have their recovery work cut out

The bank stock slump has gone on for too long and valuations are now exceptionally low, say senior credit sector officials in Athens. However, analysts questioned on the issue by Kathimerini say the problems that Greek lenders are facing will not be overcome quickly, justifying the pounding the sector has sustained on the Athens stock exchange....

314. Greek banks to chase borrowers who refused to open their accounts

Banks have firmly focused their attention on debtors who have resorted to the provisions of the so-called Katseli law – named after former economy minister Louka Katseli – for protection now that their bank account secrecy has been lifted....

315. 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...

316. 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...

317. 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...

318. 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...

319. 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...

320. The mistakes of Greece’s creditors

A lot has been said about the mistakes made by Greece’s lenders during the bailout programs. The fact is they made many errors, including some serious ones. Meanwhile, Greek politicians were responsible for refusing to take ownership of the required reforms and failing to reach a degree of basic consensus. ...

321. Nadal topples birthday boy Tsitsipas in Toronto final

Rafael Nadal ended the red-hot run of Greek upstart Stefanos Tsitsipas with a 6-2 7-6(4) win on Sunday that gave the Spanish top seed his fourth Rogers Cup championship....

322. 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....

323. 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....

324. New push in the UK for direct flights in the north

The Turkish Cypriot Chamber of Commerce is lending its support to a new petition in the UK, sponsored by a British conservative MP, who is pushing for direct flights to the north one year after the Pegasus restrictions...

325. May tourists up 7.6% despite Russian drop

Tourist arrivals went up by 7.6% last month, lending credence to earlier predictions that industry numbers were on a good path despite a disappointing Russian exit...

326. Limassol lifeguards warn over father-daughter incident

Lifeguards warn beach goers to follow safety guidelines at all times, following an incident where a father and his young daughter got themselves in real trouble during an early morning swim in Limassol...

327. FYROM name deal ‘days away,’ both sides say

There was a sense Tuesday that Athens and Skopje were inching toward a deal on the ongoing “Macedonia” name dispute despite domestic opposition in both countries, with several protest rallies planned for Greece Wednesday....

328. Turkish aid to north comes to 430 million

The Turkish Cypriot economy is expected to get a boost from Turkish aid in 2018, with approximately €430 million being spent in different areas of the self-declared state in the north...

329. Greece cannot afford policy reversal after bailout ends, says EU's Costello

Greece is on course to complete its third international bailout program but cannot afford to backtrack on adopted reforms after its expiration in August, the European Commission’s mission chief to Greece said on Thursday....

330. 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 ...