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/news/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...
https://knews.kathimerini.com.cy/en/business/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%...
https://knews.kathimerini.com.cy/en/news/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...
https://knews.kathimerini.com.cy/en/news/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...
https://knews.kathimerini.com.cy/en/news/cyprus-puts-team-together-to-save-gas-agreement
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...
https://knews.kathimerini.com.cy/en/comment/opinion/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....
https://knews.kathimerini.com.cy/en/comment/opinion/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....
https://knews.kathimerini.com.cy/en/news/woman-stole-€10-000-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...
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/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...
https://knews.kathimerini.com.cy/en/business/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...
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...
https://knews.kathimerini.com.cy/en/news/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...
https://knews.kathimerini.com.cy/en/news/paphos-mayor-sticks-to-his-guns-in-turkish-cypriot-property-saga
Paphos Mayor Phedonas Phedonos is dismissing a response issued by the Interior Ministry regarding the latest Turkish Cypriot property saga, while reiterating allegations he made about favouritism and criminal activity in his town...
https://knews.kathimerini.com.cy/en/news/audit-report-on-ccb-made-public-amid-negotiations
An audit report on the Cyprus Cooperative Bank (CCB) was made public on Friday, amid negotiations between the Co-op and its two bidders, making recommendations for improvement but also criticising the institution on a number of decisions...
https://knews.kathimerini.com.cy/en/news/paphos-mayor-turns-up-pressure-in-turkish-cypriot-properties-saga
Paphos Mayor Phedonas Phedonos is turning up the pressure in his town’s Turkish Cypriot properties saga, prompting Edek party leader Marinos Sizopoulos to respond to allegations of corruption...
https://knews.kathimerini.com.cy/en/news/paphos-mayor-says-property-pillage-still-rages-on
Paphos Mayor Phedonas Phedonos believes the “pillage” of Turkish Cypriot properties in the south is still alive and well, just as the government says it is taking action to ensure fairness for all involved...
https://knews.kathimerini.com.cy/en/business/m-s-to-close-100-uk-stores-in-four-years
British retailer Marks & Spencer plans to close more than 100 stores in its home market by 2022, accelerating a drive to re-shape its business as it strives to make at least a third of sales online...
https://knews.kathimerini.com.cy/en/business/thomas-cook-buoyed-by-strong-demand-for-turkey-greece-egypt-holidays
British holiday company Thomas Cook said it was on track to meet annual forecasts helped by strong demand for holidays to Turkey, Greece and Egypt, and as part of its plan to shift capacity away from parts of Spain where margins are lower...
https://knews.kathimerini.com.cy/en/news/trump-reimbursed-attorney-who-paid-off-porn-star
President Donald Trump acknowledged for the first time in an ethics disclosure that he repaid more than $100,000 to former personal attorney Michael Cohen, renewing questions about Trump’s ties to porn star Stormy Daniels...
https://knews.kathimerini.com.cy/en/news/greece-s-souda-bay-military-base-is-‘world-class
Greece’s military base in Souda Bay, Crete, is an “essential hub” for NATO operations in the Mediterranean, combining world-class facilities with access to North Africa, the Commander of Allied Joint Force Command Naples and US Naval Forces Europe and Africa, US Navy Admiral James Foggo....
https://knews.kathimerini.com.cy/en/news/akinci-says-east-med-pipeline-not-a-route-for-peace
Turkish Cypriot leader Mustafa Akinci says plans to push forward for the EastMed pipeline are counter to peace efforts in the region, adding that an energy solution which excludes Turkey would be a mistake...
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/adidas-sticks-by-kanye-west-after-slavery-remarks
Adidas remains committed to the Yeezy brand created by rapper Kanye West despite his comments describing slavery as a choice and praising US President Donald Trump...
https://knews.kathimerini.com.cy/en/news/looted-mosaic-from-cyprus-church-has-been-located-on-someone-s-wall
A rare mosaic depicting Apostle Mark from the Church of Kanakaria has been located, according to The Walk of Truth, a non-profit organization which campaigns for these last mosaic fragments from the church be included on Interpol’s list of stolen artworks...
https://knews.kathimerini.com.cy/en/business/sainsbury-s-and-asda-agree-13-3-billion-pound-merger
Sainsbury’s and Asda, the UK arm of Walmart, confirmed they had agreed a 13.3 billion pounds merger to create Britain’s biggest supermarket group by market share, surpassing current leader Tesco...
https://knews.kathimerini.com.cy/en/life/uk-dogs-and-cats-catching-deadly-diseases-from-ticks-after-travelling-abroad
British pets are catching deadly diseases from foreign ticks after travelling to Europe on pet passports, vets have warned....
https://knews.kathimerini.com.cy/en/business/whitbread-to-spin-off-costa-coffee
The move leaves Whitbread with its Premier Inn hotels operation and the split is expected to be completed within 24 months...
https://knews.kathimerini.com.cy/en/news/french-frigates-could-be-built-in-greece
Tsipras and Macron discussed the possible use of profits on Greek bonds held by the cental banks of other European countries, such as France, for the construction of frigates...
