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2161. Cyprus to start process for early repayment of IMF loan, Finance Minister announces

Finance Minister Harris Georgiades announced on Tuesday that an official process will be launched for the early and full repayment of an IMF loan, following the repayment of a loan from Russia....

2162. Three international firms to perform due diligence checks for people granted citizenship before 2018

Cyprus Interior Minister Constantinos Petrides has told the Cyprus News Agency (CNA) that the Interior Ministry will proceed, in cooperation with three international specialized firms, to due diligence checks for the cases of people granted Cypriot citizenship before 2018, when stricter checks entered into force....

2163. MAP S.Platis joins forces with global firm FTI Consulting

2164. Anti-Money Laundering and Terrorist Financing Preventing Framework: Legislation Gaps

Over the last years, the EU has developed a solid regulatory framework for preventing money laundering and terrorist financing. However, these rules are not always able to capture the growing technological developments and potential gaps that can be exploited by criminals...

2165. PwC: Fear of automation greatest among those getting fewest opportunities to upskill

2166. EU fails to launch membership talks with Balkans hopefuls

European Union leaders failed Friday to agree on launching membership negotiations with Albania and North Macedonia in an embarrassing climb-down that could risk inflaming the volatile Balkans region....

2167. Last straw as Johnson heads to Brussels

European Union leaders’ two-day summit in Brussels starting on Thursday will be dominated by last-gasp efforts to seal a deal on Britain’s exit from the bloc despite a raft of other pressing issues, from the crisis in the Middle East to the bloc’s budget...

2168. Ayia Napa rape accuser back in court

The Ayia Napa rape accuser was expected back in court on Tuesday where she is facing charges of public mischief, with her defence taking issue with how the complaint was investigated and how their client was treated by police...

2169. Financial Services towards Artificial Intelligence and Machine Learning

Artificial Intelligence in general and machine learning in particular, is not a new concept, but it is only in recent years that financial services firms have started to learn about and understand its full potential...

2170. Egypt, Cyprus, Greece condemn gas exploration by Turkey

Egypt, Cyprus, and Greece are condemning an "unlawful and unacceptable" bid by Turkey to drill inside waters where Cyprus has exclusive economic rights....

2171. Pompeo opts for diplomacy over Cyprus EEZ

The new defense deal signed between Athens and Washington will contribute to Greece’s security, US Secretary of State Mike Pompeo told Kathimerini in a recent interview, while staying firm on diplomatic efforts regarding Cyprus' EEZ...

2172. Turkish ships disturb Cypriot waters

Nicosia and Athens are calling on Turkey to back off following Ankara’s decision to send more ships off the southern coast of Cyprus...

2173. President’s jet turns back to JFK

The plane carrying the president of the Republic of Cyprus was forced to turn back to the airport due to a windscreen problem in the cockpit...

2174. 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. ...

2175. Syrian loses appeal on national security grounds

A Syrian asylum seeker suspected of terrorism ties is being held lawfully in Cyprus according to a court ruling, after the suspect had filed an appeal over his arrest and lengthy detention...

2176. K.Treppides & Co Ltd: Time Value of Money

What if a close friend asks today to borrow 1,000EUR with the precondition to repay the exact same amount in five years? Would you take the deal or not?...

2177. Trump impeachment inquiry begins

Democrats in the U.S. House of Representatives on Tuesday launched a formal impeachment inquiry into President Donald Trump, accusing him of seeking foreign help to smear Democratic rival Joe Biden ahead of next year’s election...

2178. Mitsotakis in New York – opportunities, substance, results

This week will see the first appearance of Prime Minister Kyriakos Mitsotakis at the United Nations General Assembly. He will make the customary speech before the plenary and be received by the UN secretary-general. However, the substance will be in the meetings that are to take place on the sidelines of the proceedings. ...

2179. Moody's changes Cyprus outlook to positive

Rating agency Moody’s changed the outlook for the Cypriot economy to positive from stable, citing the reduction of the sovereign exposure to event risks stemming from the banking sector and the improving fiscal strength beating previous expectations...

2180. 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. ...

2181. Cabinet approves surplus 2020 budget

The Cabinet approved on Wednesday the budget for 2020, which foresees a surplus in state finances, while a significant increase in spending is planned due to the implementation of the General Healthcare System ...

2182. Greek corporations rush to issue bonds amid record low yields

The easing of Greek state bond yields to record lows has opened the way to international markets for major Greek corporations too, as they can now take the opportunity to reduce their cost of borrowing. ...

2183. The next six months are crucial

Since July’s general election, there has been a sense of optimism regarding the country’s course, especially in business circles, inside and outside of Greece. As we learn in the first lessons in economics, climate is everything. At the moment, we have a winning combination of trust and euphoria...

2184. Oil surges after attack on Saudi oil facilities

Oil prices surged on Monday, with Brent crude posting its biggest intra-day percentage gain since the Gulf War in 1991, after an attack on Saudi Arabian oil facilities on Saturday shut over 5% of global supply. ...

2185. Officials downplay drone risk off Paphos

Cypriot officials dismiss reports that say Turkish drones had interfered with flight paths of commercial airplanes taking off or landing at Paphos airport...

2186. Greece and the US: Commitments and credibility

The signals coming from the two centers of power in the United States, the president and Congress, are often conflicting, which makes it hard for Athens to carve out an effectual foreign policy. This conundrum is set to continue throughout the Trump administration...

2187. Locals stage protest on Lara beach

A protest in favour of local exploitation of Lara beach was held on Sunday in response to activists and state officials who recently reiterated that illegal human activity on turtle nesting sites will not be tolerated...

2188. Larnaca police probe death in Ayahuasca retreat

Larnaca police are attempting to piece together what went wrong in an Ayahuasca ceremony in Vergina on Tuesday, following the death of a 34-year-old woman from Latvia...

2189. Fire near Limassol community contained

A large wildfire was raging outside a community in Limassol district, with officials saying battling the blaze was difficult due to limited access in the area while the risk of re-ignitions remained high...

2190. Officials raise red flag over risk of wildfires

The Department of Forests has issued a new “red alert” for Tuesday citing a high risk of wildfires throughout the island...