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1. Hellenic Bank soon to be under the control of Eurobank

Eurobank is gaining control of Hellenic Bank after purchasing Wargaming's 13.4% stake. With the addition of the 12.6% it held from the purchase of all shares in Third Point Hellenic Recovery Fund in the summer of 2021, it now stands at 26%....

2. Bank's chairman buys BOC shares for 3 consecutive days

3. More people are working from home thanks to the pandemic

The proportion of those employed that work from home in the European Union has increased after the COVID-19 pandemic, according to data released by Eurostat, the statistical service of the EU....

4. Defendants acquitted in first 'golden passports' trial

Nine defendants—5 people and 4 legal entities—were cleared and released from the 36 charges they were facing in the case involving the exceptional naturalization of foreign applicants by the Larnaca-Famagusta Permanent Criminal Court, which convened today, Friday, November 4. This decision was based on the Kalogeros ruling....

5. October Newsletter of K. Treppides & Co Ltd: European Banking Authority

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in the field of auditing and accounting services with offices in three countries....

6. Household debt in Cyprus was 81% of GDP in June

Household debt stood at EUR 20.1 billion at the end of June 2022, with the relevant debt ratio standing at 81% of GDP, a slight decrease compared to the previous quarter due to GDP growth....

7. Hellenic's CEO suspended pending investigation

Hellenic Bank CEO Oliver Gatske has been suspended from his duties until it is determined whether specific allegations involving inducements to Hellenic employees to buy shares in the bank are valid....

8. Majority of tourists visiting Cyprus are no longer Russian

In June 2021 at the 43rd conference of the Pancyprian Hoteliers Association, it may have been the first time it was officially made clear that the markets of Russia and Britain will no longer be a one-way street for the Cypriot tourism industry....

9. Self-employed more at risk of poverty in Cyprus and EU in 2021

In 2021, almost a quarter (23.6%) of all self-employed people aged 18 years and over in the EU were at risk of poverty and social exclusion....

10. Spain gave 'golden visa' to former Mexican president being investigated for corruption

The Spanish authorities have finally confirmed that the former Mexican President Enrique Peña Nieto, who is being investigated by Mexico’s attorney general’s office for alleged money laundering, illicit enrichment, and illegal international transfers, is a legal resident of the country....

11. Erdogan convenes meeting to discuss sanctions on Russia in possible turnaround

Turkish President Tayyip Erdogan will convene a top-tier economy-focused meeting on Friday at which Russian payment system Mir and possible Western sanctions will be discussed, two sources with information on the matter told Reuters....

12. Two Turkish banks suspend Russian Mir payments after U.S. sanctions

Turkish lenders Isbank and Denizbank have suspended the use of the Russian payment system Mir, the banks said on Monday, following a U.S. crackdown on those accused of helping Moscow skirt sanctions over the war in Ukraine....

13. Conflict of interest raised again in passport probe

The audit office in the Republic of Cyprus is sending all its findings on golden passports to the state’s anti-corruption agency, citing a conflict of interest for the state’s two chief law enforcement officers who served as ministers during the investment scandal...

14. CBC: Noticeable decrease in household and business debt

Business and household debt in Cyprus reached €56.2 billion in the first quarter of 2022, according to data from the Central Bank of Cyprus....

15. US Senator calls on Erdogan to immediately halt provocations in Cyprus

US senator Robert Menendez called on Turkish President Recep Tayyip Erdogan to halt provocations in Cyprus immediately, in a video message at the opening of the World Conference of Cyprus Diaspora, in Nicosia....

16. Psychotherapy...through Pentadaktylos

A few days ago, an image showing the Pentadaktylos mountain range with the words "We all need therapy" written on it, replacing the Turkish Cypriot flag, went viral. ...

17. Cancellations, delays and strikes - Which destinations are the most affected?

What to know and what to pay attention to those who are preparing to travel...

18. Anastasiades and Erdogan exchanged views on the Cyprus issue

The President of the Republic Mr. Nicos Anastasiadis participated in the Euro-Atlantic working dinner hosted in Madrid on Wednesday night by the Prime Minister of Spain Mr. Pedro Sanchez....

19. Credit Suisse guilty of money laundering

Credit Suisse has been found guilty and fined for involvement in money laundering related to a Bulgarian drugs ring....

20. Ferrari to launch its first electric-only car in 2025

Ferrari is aiming for two of every five cars it sells to be fully electric by 2030, as the luxury brand tries to marry the need to reduce emissions with a reputation built on the prowess of its traditional engines....

21. Valuable ally, you said?

I have been trying for a long time to understand exactly what various Western officials mean when they monotonously repeat that “Turkey is a valuable ally.” Turkey is obviously a large, strategically important country at a critical geopolitical crossroads. No great power can ignore it....

22. Finland and Sweden formally apply to join NATO

Finland and Sweden formally applied to join the NATO alliance on Wednesday, a decision spurred by Russia's invasion of Ukraine, but face objections from Turkey to an accession process that is expected to take only a few weeks....

23. 'Grave mistake' if Finland and Sweden join NATO

Russia has told Finland and Sweden that their decision to join the Nato military alliance is a serious mistake with far-reaching consequences and that they should not assume that Moscow will not respond....

24. British Forces saddened by 'hostile response' towards Platinum Jubilee concert

The British Forces Cyprus have expressed sorrow for the "hostile response of a very small minority towards our charity concert planned for 2 June, which had always been intended as an opportunity to celebrate the Platinum Jubilee with friends and to raise funds for some very worthy causes."...

25. Nouris discusses illegal immigration and occupation with Czech MP's

Illegal immigration and the war in Ukraine were the focus of a meeting held on Thursday between Minister of Interior Nicos Nouris and Chairman of the Czech Parliamentary Committee on European Affairs, Ondřej Benešík, who was heading a delegation of Czech MPs and members of the Committee....

26. Cyprus' RCB Bank and its Kremlin ties

On March 24, Cyprus’s fourth-largest bank announced it would wind down its banking operations in the wake of the “volatile geopolitical situation” caused by Russia’s invasion of Ukraine a month earlier....

27. Cashing in: No payment problems for Russian tourists in Turkey

Turkey is trying to attract more Russian tourists by expanding the usage of the Russian Mir payment system in Turkey as it seeks to bypass the payment bottleneck created by Western sanctions....

28. Boris Becker faces jail term for failing to declare his millions

Three-time Wimbledon champion Boris Becker could be sent to jail today as he faces a sentence for flouting the terms of his 2017 bankruptcy....

29. Consulco’s London Credit Fund Q1 2022 Results

Consulco achieved a remarkable first quarter of 2022, during which our London Credit Fund achieved a dividend of £ 13.07 per unit of its Class A shares, $ 11.14 per unit for its Class C shares and € 9.00 per unit for its Class E shares. ...

30. Finland and Sweden could join NATO in the summer

Finland and Sweden could soon join NATO, moves that would likely infuriate Moscow and that officials say would further underscore Russia's strategic error in invading Ukraine....