https://knews.kathimerini.com.cy/en/news/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...
https://knews.kathimerini.com.cy/en/news/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...
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/business/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...
https://knews.kathimerini.com.cy/en/business/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....
https://knews.kathimerini.com.cy/en/business/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 ...
https://knews.kathimerini.com.cy/en/business/cyprus-gdp-grows-by-0-8-in-the-first-three-months
Bailed out eurozone member Cyprus notched up its 13th consecutive quarter in positive growth with GDP rising 0.8 percent in the first quarter, an official estimate showed...
https://knews.kathimerini.com.cy/en/business/all-lights-set-on-green-for-end-to-greek-bailout
Greece’s exit from a bailout program instituted by the eurozone and International Monetary Fund looks set to proceed in August, Luxembourg finance minister Pierre Gramegna said on Friday...
https://knews.kathimerini.com.cy/en/business/bank-of-england-keeps-powder-dry-on-rate-rise
The Bank of England held interest rates and said weak growth during a snowy start to 2018 was likely to be only temporary, but it wanted to see a pick-up in the economy in the next few months before raising borrowing costs...
https://knews.kathimerini.com.cy/en/business/greece-s-new-startup-culture-technology-and-seagrass-sunglasses
Greek student Stavros Tsompanidis was walking on a beach when he saw a business idea in the piles of dried-up seagrass...
https://knews.kathimerini.com.cy/en/business/experts-says-cyprus-economy-to-grow-by-3-8-this-year
The Cypriot economy will pick up momentum in 2018, the University of Cyprus’s Economic Research Centre predicts, upgrading its growth forecast to 3.8% compared with its previous projection of 3.6%.
...
https://knews.kathimerini.com.cy/en/business/cyprus-recovery-is-being-recognised-by-international-agencies
Fitch does not currently anticipate developments with a high likelihood of leading to a downgrade...
https://knews.kathimerini.com.cy/en/business/bank-run-at-cooperative-peaked-in-march
A top official at the Cooperative Bank says more money was lost in bank deposits first quarter this year, just shy of 2 billion, than the outflow during the 2013 crisis....
https://knews.kathimerini.com.cy/en/news/cypriot-anti-west-protesters-tell-nato-to-go-home
About 250 peace activists gathered outside the American Embassy in Nicosia Monday evening to demonstrate against NATO and the latest military airstrikes against Syria. ...
https://knews.kathimerini.com.cy/en/business/greek-banks-seen-passing-ecb-s-stress-tests
Fragiadakis also said the bank was looking to approach two Chinese investors for the sale of a majority stake in its insurance unit National Insurance...
https://knews.kathimerini.com.cy/en/news/cyprus-activists-to-protest-strikes-in-syria
An anti-war demonstration is scheduled to take place Monday evening outside the US Embassy in Nicosia, organised by the Cyprus Peace Council which is opposing military strikes against Syria....
https://knews.kathimerini.com.cy/en/news/cypriots-protest-outside-raf-akrotiri-over-syria-strike
Protestors are demanding the closure of RAF Akrotiri, from where four British Tornado jets hit Syria targets...
https://knews.kathimerini.com.cy/en/business/georgiades-makes-the-good-case-for-ccb
Borrowers who default on a loan won’t be able to pick up the phone and ask a politician to intervene, according to Finance Minister Harris Georgiades, who insists that separating healthy banking from bad loans is the best way forward for the Cyprus Cooperative Bank....
https://knews.kathimerini.com.cy/en/news/cooperative-bank-outflow-appears-to-have-stopped
The Cyprus finance minister says outflow has stopped at the state-owned Cyprus Cooperative Bank, following a €2.5 billion deposit by the government that is seeking private investors for the troubled institution....
https://knews.kathimerini.com.cy/en/business/ukraine-s-privatbank-files-$3-billion-lawsuit-against-pwc-subsidiaries
Kiev has already withdrawn PwC’s right to audit Ukrainian banks as punishment for its alleged failure to flag evidence of wrongdoing at PrivatBank...
https://knews.kathimerini.com.cy/en/business/bad-loans-still-high-despite-fast-economic-growth
Cyprus' economic growth has been supported by construction, tourism and professional services...
https://knews.kathimerini.com.cy/en/business/hourican-urges-business-to-help-in-a-speedier-resolution-of-npls
He said that one of the biggest issues in Cyprus was the tolerance on non-performers lending...
https://knews.kathimerini.com.cy/en/business/uk-house-price-growth-unexpectedly-slows-to-seven-month-low
Britain’s housing market has been hit by a squeeze on household incomes caused by higher inflation...
https://knews.kathimerini.com.cy/en/business/hedge-funds-show-interest-in-cyprus-co-op
Major hedge funds are showing interest in the Co-Operative Bank of Cyprus, including one headed by former Bank of Cyprus Vice Chairman and current US Commerce Secretary Wilbur Ross. It is too early to predict any deal since investor goals differ from each other and all would depend on final numbers at a later stage. ...
https://knews.kathimerini.com.cy/en/business/co-op-bank-en-route-to-healthy-future
Cyprus Co-operative Bank will be healthier without a massive NPL problem. Already it has managed to cut down on the number of branches and reduce its staff, but now the big step is finding investors with the right kind of portfolio to move banking forward....
https://knews.kathimerini.com.cy/en/business/uk-home-sellers-raise-prices-by-most-since-2007
Asking prices in the first quarter of 2018 as a whole were 3 percent higher than at the end of 2017...
https://knews.kathimerini.com.cy/en/business/moody-s-sees-robust-economic-recovery-helping-cypriot-banks
It expects that banks will continue to make progress on restructuring troubled loans and selling real-estate collateral...
