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661. Bank of Cyprus plans voluntary layoffs in 2019

662. 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...

663. 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...

664. Additional revenues of 4.7 billion euros needed to reach targets

The Greek government will have to collect additional tax revenues of 4.7 billion euros in the first post-bailout period of enhanced supervision (2018-2022) by its creditors, in order to achieve the agreed primary surpluses and record surpluses....

665. President makes final offer to teachers

President Nicos Anastasiades has weighed in on the ongoing debacle between state educators and the government, drawing up a final offer to teachers and expecting an answer before the weekend is out...

666. Shadows loom over government’s ‘clean exit’ scenario

Greece’s bailout exit has been eliciting condescending and bitter commentary on the country’s beaches and in its near-deserted cities, as few Greeks believes their lives are going to improve or that the country’s prospects will be akin to those of other bailed-out eurozone states. Greece’s “return to normalcy” and “clean exit,” much touted by the government, appear to be happening somewhere else....

667. Polis caves in to step up old campground

A long and protracted dispute between the Polis Chrysochous municipality and the administration of the local campsite has come to an end, with a new offer on the table sweetening the deal for the private operator...

668. Cops out and about to promote seat belts

This week’s road safety awareness campaign focuses primarily on the use of seat belts and child seats, all of which were contributing factors in recent fatal accidents...

669. 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...

670. President thanks parliamentary caucus for Sunday votes

President Nicos Anastasiades praised the ruling and opposition parties for approving state guarantees for Hellenic Bank as well as passing new foreclosure and bankruptcy laws, adding he would not respond to criticism...

671. 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...

672. Cyprus to undertake coordinating, regional role in addressing climate change

Cyprus, a country heavily affected by Climate Change, will be faced with more intense heat waves, droughts and perhaps even new diseases, Professor Costas Papanikolas, President of the Cyprus Institute (CyI) has told CNA, stressing the importance of the International Conference on Climate Change, organised recently by CyI, as well as the primary regional role of the Institute....

673. Funeral for nine Syrian refugees held in north

The funeral of nine Syrian refuges, whose bodies washed up on the northern shores of the island, was held in Lefka on Saturday, with their relatives living in the south crossing the checkpoints to pay their final respects...

674. Britain slashes top stake on gambling machines to £2

Britain will cut the maximum stake on fixed odds betting terminals to just two pounds after the government rejected claims that it would damage the industry in favour of efforts to tackle problem gambling...

675. MPs halt medical cannabis bill due to recent crimes

Members of the House are turning against a medical marijuana bill, citing recent horrific crimes on the island and fears they may be linked to the use of cannabis. But studies suggest that decriminalisation has actually helped violent crime rates drop considerably....

676. UN official in Cyprus for fact-finding tour on peacekeeping

UN Assistant Secretary-General for Peacekeeping Operations Bintou Keita is in Cyprus to review the UN peacekeeping force (UNFICYP) and the ongoing progress in the implementation of the Security Council-mandated strategic review of the Mission...

677. 'A new history starts now' as leaders of two Koreas make peace

The dramatic meeting, aimed at ending their decades-long conflict, comes weeks before Kim is due to meet Trump to discuss denuclearizing the Korean peninsula...

678. Cyprus recovery is being recognised by international agencies

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

679. Bad loans still high despite fast economic growth

Cyprus' economic growth has been supported by construction, tourism and professional services...

680. Cyprus central government debt at €18.3 billion at end 2017

Cyprus central government debt reached 18.315 million in the end of 2017 marking a decline of 3.6% compared with 2016, according to data released today by the Finance Ministry’s Public Debt Management Office (PDMO)....

681. Loans in banking system reach €51.1 billion

Total deposits in February recorded a net decrease of €29.2 million...

682. British Bases deal blow to illegal bird trappers

SBA Police feel the high-profile destruction of seized trapping equipment will send out a strong message to the bird trapping community...

683. Zuckerberg apologises for Facebook mistakes

His plans did not represent a big reduction of advertisers’ ability to use Facebook data,...

684. Illegal bird trapping begins to fall

Despite a huge drop in illegal bird trapping, hailed as a big success following an unprecedented crackdown by authorities, experts warn that more work is needed to prevent poachers from upping their game once again....