https://knews.kathimerini.com.cy/en/business/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...
https://knews.kathimerini.com.cy/en/business/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...
https://knews.kathimerini.com.cy/en/business/moody-s-thumbs-up-to-bank-of-cyprus-bad-loans-deal
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...
https://knews.kathimerini.com.cy/en/business/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...
https://knews.kathimerini.com.cy/en/business/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...
https://knews.kathimerini.com.cy/en/comment/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. ...
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/comment/opinion/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....
https://knews.kathimerini.com.cy/en/business/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....
https://knews.kathimerini.com.cy/en/news/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...
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...
