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511. Bitcoin for payments a distant dream as usage dries up

512. Shell companies ''This is over, its finished''

513. Hellenic Petroleum reported a 15% rise in third quarter profit

514. Shriners commit to stronger cooperation with Cyprus

The Shriners are expanding their charitable work in Cyprus with a new agreement signed with the government and the Paraskevaides Foundation, boosting cooperation in medical care for children but also training and research...

515. Third female arrested in Nicosia brothel case

A third suspect has been arrested in connection with a sex trafficking case, following the remand of two other women accused of being involved in running an illegal brothel in Nicosia...

516. Two women accused of running a Nicosia brothel

Two Asian women have been remanded into custody in connection with a sex trafficking case including allegations of sex exploitation and pimping...

517. Demetra Investment acquires 16% stake in Lordos Hotels

518. Police bust network selling illegal goods

A police officer has been arrested in connection with a case involving fraud and theft, where two phone company employees supplied him with illegal goods for sale on the internet...

519. Canada legalizes marijuana

520. Taxation in a Digital Economy

521. Turkey to drill in Mediterranean in October

522. Astrobank in talks to buy National Bank of Greece Cyprus unit

523. Mandatory disclosure rules: the calm before the storm

It is a well-known fact that a storm is always preceded by a strange calm. This could be the perfect description of what is about to come, as a result of the latest changes adopted on May 25th of this year by the Council of the European Union...

524. The fall of a post-junta era symbol

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

526. EU Commissioner for Competition Margrethe Vestager visits Cyprus

527. 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...

528. Team launches world’s first ocean cleanup system

A first trial of a massive cleanup of plastic in the ocean, an effort that has been in the works for five years, was launched in San Francisco on Saturday...

529. Tourism revenue up first six months of 2018

Revenue from tourism in Cyprus was up by 4% or €38.5 million on an annual basis in the first half of this year compared with the first six months of 2017, despite a drop in the per capita expenditure of tourists, while in June alone revenue was up by 3%...

530. Illegal bird trapping season begins with an arrest

Officials and activists team up once again to combat illegal bird trapping in Cyprus, with a recent arrest of a male suspect sending a message against complacency...

531. Abandoned Berengaria goes up for auction

The abandoned Berengaria hotel in Cyprus, a historic building known around the world for its ‘ghosts lurking in the dark’ is going up for auction next month...

532. Cyprus puts team together to save gas deal

The Cyprus government is willing to renegotiate terms with an energy consortium, following concerns on the part of companies that worry new developments and low gas prices would render a current deal not profitable...

533. Seizing opportunities

Greece needs to play its cards right if it wants to profit from the opportunities arising on the international stage, but also to keep in mind that all of the big players are unpredictable and the game at hand incredibly complex....

534. Investing in knowledge

A growth rate of 1.9 percent is way too small for a country like Greece, especially as the rest of Europe’s performance is so much more robust. This is, after all, a country that shed 25 percent of its gross domestic product (GDP) in the course of a decade. What we should be seeing, therefore, is the effect of a tightly wound spring, whereby a virtuous cycle of growth begins and only gets faster with time. Instead, we’re hobbling along at 1.9 percent, the slowest rate an economy can achieve after hitting rock bottom....

535. Woman returns €10,000 she stole from breast cancer society

An employee at the Europa Donna Cyprus, a breast cancer awareness society, was arrested for stealing over €10,000 from the charity...

536. Moody’s says BoC 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...

537. Cypriot drug companies accused of price gouging

A patients advocate group is accusing pharmaceutical agents of jacking up prices of non-prescription medication to cover their losses following mandatory price drops in certain prescribed medicines...

538. ESM warns Cypriot banks of quick fixes

The European Stability Mechanism warns Cyprus that despite a recent decline in non-performing loans (NPL), the banking sector remains vulnerable due to weak profitability and a still high NPL ratio...

539. 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...

540. Greek Cypriot drivers cross north to fill ’er up

Greek Cypriot gas station owners are feeling the squeeze as many vehicle owners cross north to get petrol, causing up to 70% losses in the south...