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181. Lukewarm reaction to EU sanctions on Turkey

182. Bloomberg: EU to cut aid to Turkey over Cyprus EEZ violations

Bloomberg's Viktoria Dendrinou and Nikos Chrysoloras report that the European Union is considering suspending most high-level contacts with Turkey and cut the flow of funds in protest of the Turkish drilling activities in the Cyprus EEZ. ...

183. When necessity becomes history

184. 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....

185. 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...

186. 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....

187. 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...

188. 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...

189. 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...

190. 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...

191. 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...

192. 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...

193. 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...

194. 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...

195. 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...

196. 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%. ...

197. Cyprus recovery is being recognised by international agencies

Fitch does not currently anticipate developments with a high likelihood of leading to a downgrade...

198. Cypriot 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. ...

199. Cypriot activists to protest against 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....

200. 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...

201. Bank chief 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...

202. 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...