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/news/cyprus-goes-all-out-in-the-maritime-insurance-game
Cyprus has been a serious contender in the maritime and shipping industry, but recently it emerged as one of few unbeatable alternatives for big foreign P&I clubs looking to set shop home away from home...
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/news/odysseas-says-harris-was-being-stubborn
The auditor general is pointing fingers at the finance ministry’s handling of the Cyprus Cooperative Bank affair, telling an independent investigation committee that some actions were misleading...
https://knews.kathimerini.com.cy/en/news/nicosia-seeks-legal-input-in-browder-case
Nicosia has to make a final decision on whether authorities can legally cooperate with Russia in the Browder case, following a court ruling in early August opened the door for judicial assistance...
https://knews.kathimerini.com.cy/en/news/over-a-thousand-employees-choose-co-op-buyout
Over a thousand employees at Cyprus Cooperative Bank signed up for a voluntary severance package, well above the target of 900 set by the bank ahead of a takeover by Hellenic Bank...
https://knews.kathimerini.com.cy/en/news/us-turkish-tensions-add-to-regional-risk
US-Turkish relations have never been easy to manage. But the current standoff between Washington and Ankara is striking, even by the standards of an historically difficult relationship....
https://knews.kathimerini.com.cy/en/news/italy-bridge-genoa-motorway-collapse-kills-35
A motorway bridge has collapsed in the northwest Italian city of Genoa, killing at least 35 people as vehicles plummeted to the ground, emergency services say....
https://knews.kathimerini.com.cy/en/news/probe-hones-in-on-fire-service-regional-authority-officials
A judicial investigation into the causes of the disastrous wildfires on the outskirts of Attica last month points to major shortcomings and mistakes by members of Greece’s fire service and regional authorities, Kathimerini understands. ...
https://knews.kathimerini.com.cy/en/business/aris-celebrates-six-month-anniversary
ARIS, which stands for A Really Inspiring Space, opened its doors to its first resident startups in February 2018. Last Monday, on the 6th of August, the achievements of those startups were celebrated during a summer networking event entitled “Creating Value Through Innovation, in an Ever Changing Global Environment”...
https://knews.kathimerini.com.cy/en/news/cyprus-won-t-snub-russia-in-browder-affair
A Cypriot court has denied a request by Bill Browder’s attorney who was seeking a ban on local authorities providing any judicial assistance to Russia against his client...
https://knews.kathimerini.com.cy/en/comment/opinion/a-useful-proposal-instead-of-useless-noise
Nowadays, the actions of politicians are strongly geared toward their public image....
https://knews.kathimerini.com.cy/en/news/mitsotakis-blasts-‘deplorable-government-reaction-to-deadly-wildfire
Conservative opposition leader Kyriakos Mitsotakis slammed the government’s ‘deplorable’ reaction to the deadly wildfire that ripped through the east coast of Attica, killing more than 90 people and injuring scores, saying his party will ensure that responsibility is attributed to those who failed to prevent the disaster....
https://knews.kathimerini.com.cy/en/news/officials-step-up-efforts-against-fires
Cypriot and European authorities are on the lookout for new wildfire threats, as two local fires on Saturday, one in the northwest and one in the southeast, were caused by human action...
https://knews.kathimerini.com.cy/en/business/unions-okay-with-ccb-severance-package
Union employees at Cyprus Cooperative Bank have agreed to sign up on a severance package plan this summer, ahead of a takeover by Hellenic Bank, saying it can contribute to labour peace...
https://knews.kathimerini.com.cy/en/news/browder-s-attorney-in-cyprus-rests-his-case
Bill Browder’s attorney in Cyprus says the government and justice minister are complying with a request for judicial assistance in order to keep Russia happy...
https://knews.kathimerini.com.cy/en/news/moody-s-says-bank-of-cyprus-better-off-after-uk-sale
Rating Agency Moody’s has described the sale of Bank of Cyprus UK as credit positive, noting that the sale would place Bank of Cyprus in a better position to focus on reducing its domestic high stock of problematic loans...
https://knews.kathimerini.com.cy/en/news/cyprus-and-israel-talk-fire-and-water
Israel and Cyprus agreed to develop further their cooperation in water management and firefighting, two areas in which both countries face similar challenges...
https://knews.kathimerini.com.cy/en/news/browder-case-in-cyprus-pushed-back-another-week
The Bill Browder case had been pushed back for another week due to a scheduling conflict with his defence attorney, with a Nicosia judge setting a new hearing date for July 18...
https://knews.kathimerini.com.cy/en/news/citizen-service-centres-cancel-monday-strike
The Citizen Service Centres around the island will not be closed Monday morning after all, but employees say they are swamped with MIG welfare recipients and so they will accept application forms but won't not answer MIG questions...
https://knews.kathimerini.com.cy/en/business/leoni-paraskevaides-takes-over-j-p-overseas
There are new developments in the J&P Overseas saga in Riyadh, with the Cypriot company solidifying its leadership following an internal and legal battle that now appears to be over...
https://knews.kathimerini.com.cy/en/news/cabinet-okays-homeowner-plan-ahead-of-crucial-house-session
The Cabinet approved on Tuesday the “Estia” scheme aimed at addressing the high volume of non-performing loans in the Cypriot banking sector, but time is running out as a crucial legislation package on bad loans is also up for a vote on Friday...
https://knews.kathimerini.com.cy/en/business/airtickets-gr-travelplanet24-suspend-sales
Tripsta SA, the parent company of travel sites Airtickets.gr and Travelplanet24, announced on Thursday the suspension of all new ticket sales as part of a radical restructuring of the Greek-owned firm, which has also resulted in the sacking of 180 employees from Athens headquarters....
https://knews.kathimerini.com.cy/en/news/co-op-deal-with-hellenic-still-up-in-the-air
The government is running against the clock with bad loans legislation, which would include a bill approving state guarantees for Hellenic Bank to absorb potentially high-risk loans in co-op takeover...
https://knews.kathimerini.com.cy/en/business/holiday-inn-nicosia-under-new-ownership
Holiday Inn Nicosia is coming under new ownership, after Greek company NBG Pangaea shelled out two thirds of the total price of €11.2 million...
https://knews.kathimerini.com.cy/en/news/athens-bus-employees-walk-off-job-on-thursday
Employees at the Athens Urban Transport Organization (OASA) will hold a work stoppage on Thursday to protest the planned closure of the bus depot at the former airport at Elliniko, in southern Athens, and further cutbacks....
https://knews.kathimerini.com.cy/en/news/co-op-bankers-plead-not-guilty-in-unsecured-loans-scandal
Senior co-op executives pleaded not guilty to fraud charges in connection with a banking scandal where loans worth millions were given out without due process...
https://knews.kathimerini.com.cy/en/news/conference-on-funds-cryptocurrencies-a-success
A half day Conference with the subject of “Funds & Cryptocurrencies: The Development and the Technology” was successfully completed for a second consecutive year, on the 14th of June 2018 at the Four Seasons Hotel in Limassol...
https://knews.kathimerini.com.cy/en/news/government-throws-co-op-ball-in-hellenic-s-court
The Cyprus Cooperative Bank will examine Monday a final offer from Hellenic Bank to acquire the troubled state-owned institution, with government seeing the buyout as a good step while critics saying tax payers are unfairly picking up the tab...
https://knews.kathimerini.com.cy/en/business/worried-investors-looking-for-lillevyali-in-cyprus
The whereabouts of Russian hedge fund manager German Lillevyali are currently unknown, but his possible location in Cyprus is shrouded in even more mystery as people are looking to get their money back...
