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1051. Moody’s thumbs up to Bank of Cyprus bad loans sale

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...

1052. 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...

1053. Bank of Cyprus CEO stays put through 2020

Bank of Cyprus CEO John Patrick Hourican will stay in his current position through the end of 2020, following a decision by the executive board at the largest lending institution in Cyprus...

1054. Ryanair adds Athens in 2018 winter route

Low-cost carrier Ryanair announced on Thursday a new route from Athens to London’s Luton airport, which will be part of the company’s winter 2018 schedule with three flights per week....

1055. Another travel adaptor could electrocute someone

Cyprus authorities warn the public over an electrical travel adaptor, saying it fails to comply with safety guidelines and could cause electric shock, just weeks after a similar warning was issued on another device...

1056. 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...

1057. AHI says US ban on arms sales to Cyprus «unlawful»

The US prohibition on sales of defense and military technology to Cyprus is “unlawful” and can be removed without the need for legislation, a Greek American lobby group has said....

1058. Trump signs defense policy bill suspending sale of F-35 jets to Turkey

US President Donald Trump has approved a defense budget law delaying the delivery of F-35 fighter jets to Turkey....

1059. US senate delays F-35 transfer to Turkey

The US senate passed a huge defence bill granting President Donald Trump waiver authority on certain sanctions against Russian-buying countries but also forcing him to wait 90 days before deciding to allow the transfer of F-35 jets to Turkey...

1060. Cypriots Stand by Greece

A radio marathon and a concert are taking place in Cyprus to show support to the victims of last week’s deadly wildfires in Greece...

1061. White smoke over Metochi land transfer dispute

There is white smoke over the Metochi land transfer dispute between Kykkos and the Greek government, following a bitter battle that even brought the foreign minister to Nicosia to testify in court...

1062. 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...

1063. 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...

1064. Cyprus wants to rein in ‘passport-selling’ agencies

The Cyprus government has issued strict guidelines aimed at curbing the overt promotion of passports, censuring agencies that explicitly try to lure rich foreign nationals for enrollment in the citizenship-by-investment programme...

1065. Bank of Cyprus sells UK subsidiary

The Bank of Cyprus Financial Services is being sold to Cynergy Capital, as the BoC walks away from the UK to put more focus on performance in a rebounding Cypriot economy...

1066. 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...

1067. Overall retail rise not overshadowed by slight drop

Retail trade volume in Cyprus dropped by 0.8% in April 2018 compared to March, but rose by 5.8% since a year ago...

1068. Senators add more roadblocks to Turkey’s F35 deal

US senators are turning up the pressure over the F35 fighter jet sale to Turkey, with new restriction proposals that could possibly make the delivery of the stealth warplanes more difficult...

1069. 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....

1070. 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...

1071. US Senate votes to block F-35 deal to Turkey

US senators voted overwhelmingly to block the sale of F-35 jet fighters to Turkey on Monday, while Lockheed Martin says it expects to deliver planes before the bill could become law...

1072. Cyprus dismisses reports on NATO scenarios

Foreign Minister Nicos Christodoulides says the Republic of Cyprus is not seeking membership into NATO or Partnership for Peace, reiterating that issues of security and defence are discussed inline with EU membership...

1073. 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...

1074. Sales of petroleum products record monthly increase

A press release issued by the Statistical Service of Cyprus says that a rise was recorded in the provisions of Gasoil for Marine use and Aviation Kerosene, as well as in the sales of Heavy Fuel Oil....

1075. Government and Co-op begin consultations with bidders

1076. Search for 'lost brides' of Cyprus digs up painful past

Those who witnessed it said a sobbing Fetine Menish had to be physically dragged by each arm to meet her fate; the 14-year-old was being married off to a Palestinian merchant searching Cyprus for a suitable Muslim wife to take back home...

1077. Pulitzer-winning author Philip Roth dies at 85

Author Philip Roth, who was both hailed and derided for laying bare the neuroses and obsessions that haunted the modern Jewish-American experience, died on Tuesday at the age of 85...

1078. 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...

1079. Cyprus tightens vetting for investment-for-passport scheme

In the wake of criticism that it was operating a "passports-for-cash" scheme, Cyprus has toughened up vetting procedures for those investors looking to get their hands on a European Union passport...

1080. Prince Charles to walk Meghan down the aisle

Prince Charles, the heir to the British throne, will walk Meghan Markle down the aisle at her glittering wedding to his son Prince Harry after her own father had to pull out because of ill health...