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541. Banks have their recovery work cut out

The bank stock slump has gone on for too long and valuations are now exceptionally low, say senior credit sector officials in Athens. However, analysts questioned on the issue by Kathimerini say the problems that Greek lenders are facing will not be overcome quickly, justifying the pounding the sector has sustained on the Athens stock exchange....

542. Opinion: Cyprus heaven bashing must end

543. Kakopetria 2nd Spoon Sweet Festival

Autumn is just around the corner and if you are looking for amazing sweet fruit preserves this weekend, then look no further because you can taste great spoon sweets in Kakopetria this Sunday...

544. Britain is the world's largest importer of Cyprus Halloumi

545. AG disagrees with former banker’s acquittal

Attorney General Costas Clerides disapproves of the acquittal of former banker Andreas Eliades, saying cases involving the collapse of the credit and financial system are “difficult and complicated...

546. 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...

547. Merkel endorses Euro clearing move from London to Frankfurt

548. 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...

549. Global jitters hit Greek bonds

Just days before Greece is to emerge from its international bailouts, upheaval in international markets took a toll on Greek bonds on Thursday, driving yields up above 4 percent....

550. US posture could overpower Cyprus solution agenda

Following July’s meeting with the two Cypriot leaders, sources say special UN envoy Jane Holl Lute appeared unconvinced regarding the basis for further peace talks and that a meeting in New York could be in the works to clarify once and for all...

551. Unions to discuss CCB severance offer

The Cyprus Cooperative Bank is making another effort to strike a deal with unions in order to get 900 employees agree to walk away...

552. NETFLIX is king

The complete list of nominees for the best in television released for the 70th annual Primetime Emmy Awards reflects the new age of entertainment by streaming...

553. 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...

554. 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....

555. Two men set off bomb in Canada restaurant wounding 15

Two unidentified men walked into a restaurant in the Canadian city of Mississauga and set off a bomb, wounding more than a dozen people, and then fleeing,...

556. 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...

557. Eight to ten dead in Texas high school shooting

At least eight people were killed on Friday in a shooting at a high school in Santa Fe, Texas, and officers had taken into custody a student who was suspected of carrying out the attack...

558. Lidl fined €80,000 for false advertising

Cypriot authorities fined Lidl supermarkets €80,000 for misleading advertising, citing unfair commercial practices following complaints submitted by consumers...

559. North Korea reconsiders summit with Trump, puts talks on ice

North Korea threw next month’s unprecedented summit between Kim Jong Un and Donald Trump into doubt, threatening weeks of diplomatic progress by saying it may reconsider if Washington insists on unilateral denuclearization...

560. All lights 'set on green' for end to Greek bailout

Greece’s exit from a bailout program instituted by the eurozone and International Monetary Fund looks set to proceed in August, Luxembourg finance minister Pierre Gramegna said on Friday...

561. Paphos mayor claims police let gangsters roam around

Paphos Mayor Phedonas Phedonos is not impressed with police taking action against organised crime, saying he had told police about shooting suspect Elias Mouzos long time ago but nothing was being done, with police issuing a statement rejecting the allegations...

562. Bad news for Bitcoin believers

Billionaire investor Warren Buffett on Monday said buyers of bitcoin, which he has characterized as “rat poison squared,” thrive on the hope they’ll find other people who will pay more for it...

563. Experts says Cyprus economy to grow by 3.8% this year

The Cypriot economy will pick up momentum in 2018, the University of Cyprus’s Economic Research Centre predicts, upgrading its growth forecast to 3.8% compared with its previous projection of 3.6%. ...

564. Economic sentiment in Cyprus marginally improves in April

The Economic Sentiment Indicator ESI, edged up by 1.5 points in April compared with the previous month, reaching 119 points...

565. Hellenic Bank in a time crunch to bid on Co-op

The deadline in the privatisation process for the Cyprus Cooperative Bank (CCB) has been postponed until mid-May, setting in motion the executive board at the Hellenic Bank to intensify discussions on making a bid. ...

566. Stockholm church bells play 'Wake me up' in Avicii tribute

The family of the artist said they were grateful for the numerous public tributes paid, but offered no details on his unexpected death...

567. ECB mulls shelving rules tackling eurozone NPLs

The European Central Bank is considering shelving planned rules that would have forced banks to set aside more money against their stock of unpaid loans, after suffering a political backlash....

568. Cyprus recovery is being recognised by international agencies

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

569. Passenger killed when engine explodes on Southwest Airlines US flight

The death of 43-year-old Jennifer Riordan on Flight 1380 was the first in a US commercial aviation accident since 2009...

570. Government seeks common ground in Peyia sea caves controversy

An internationally-renowned expert is coming to Cyprus to assist the government in conducting a study on the sea caves controversy in Peyia, just weeks after the Green Party filed an official complaint with the EU Commission....