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121. Cabinet approves new bundle of support measures

The Cabinet on Thursday approved a new bundle of support measures for businesses to keep the economy afloat after the slowdown brought about by the coronavirus outbreak....

122. Coronavirus derails southern Europe's clean-up from the last crisis

This year was meant to mark a turning point for Greek and Italian banks as they finally laid the ghosts of the financial crisis to rest. Then the coronavirus struck....

123. Euro zone ministers look for economy quick fixes

Euro zone finance ministers are likely to converge on Tuesday on three quick options to support the economy in the wake of the coronavirus epidemic, officials have said, with some discussion also of longer-term ideas to aid a recovery....

124. Coronavirus’ impact on local businesses

The organisation’s experts discuss the developments and analyse the measures that need to be taken to address the challenges...

125. Government considering to give banks €2b in state guarantees to unlock credit

The Cyprus government is considering a plan to provide state guarantees to banks amounting to €2 billion, in a bid to unlock credit to self-employed, small and medium-sized enterprises and large corporations hit by the coronavirus epidemic....

126. Mitsotakis: 'We are at war,' with an invisible but not invincible enemy

In a televised address to the nation on Tuesday on the spread of the coronavirus, Prime Minister Kyriakos Mitsotakis echoed French President Emmanuel Macron, declaring that "we are at war." ...

127. Financial measures tackle coronavirus in Cyprus

Measures of Financial Support to address the Impact of the Coronavirus have been announced by the Government of the Republic of Cyprus...

128. Central warns banks ‘not to overdo it’

The Governor of the Central Bank of Cyprus has called on smaller local banks not to get carried away with loaning money, urging them to follow the example of bigger banks and focus on reducing toxic debt...

129. Hellenic Bank posts profit of €59.1 million in first half of 2019

The Hellenic Bank has announced that it has posted a profit of €59.1 million after tax in the first half of this year with CEO Yiannis Matsis noting that the results reflect part from the benefits from the acquisition of the operations of former Cyprus Cooperative Bank. ...

130. Britain's Thomas Cook scrambles for £200 million to avert collapse

Britain’s Thomas Cook needs to find an extra 200 million pounds to satisfy its lenders or one of the world’s oldest holiday company risks collapse, potentially stranding thousands of holidaymakers across Europe. ...

131. Eurobank posts €10 million first quarter profit

132. BOC leadership change will not disrupt momentum Ackermann says

133. MAPFinTech and oneZero announce partnership

MAP Fin Tech and one Zero announce partnership to collaborate in research and development for integration of their systems...

134. Bus strike in Limassol ends for now

Bus drivers in Limassol got behind the wheel on Friday, suspending a strike following a meeting between trade union representatives and the ministers of labour and transport...

135. Ackermann buys 400,000 shares in Bank of Cyprus

136. Germania airline files for bankruptcy, halts flights

137. Cobalt Air to change ownership

138. Solution from abroad for J&P Overseas

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

140. ECB starts buying Cypriot bonds after ratings upgrade

141. Fitch Ratings upgrades Bank of Cyprus

142. Cyprus eyes 10-year low yield bond after S&P lifts sovereign to investment grade

143. 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....