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541. Another cop arrested in human trafficking case

Another cop has been arrested in connection with a human trafficking case, with a total of four police officers being suspended in connection with an illegal prostitution ring that made headlines last month...

542. Astrobank in talks to buy National Bank of Greece Cyprus unit

543. AXIA Ventures Group receives Global Finance 2018 award

544. Fitch Ratings upgrades Bank of Cyprus

545. Mandatory disclosure rules: the calm before the storm

It is a well-known fact that a storm is always preceded by a strange calm. This could be the perfect description of what is about to come, as a result of the latest changes adopted on May 25th of this year by the Council of the European Union...

546. Cyprus bond achieves best borrowing rate in Euro era

547. Sex trafficking suspects released until further notice

All five suspects in a recent sex trafficking case have been released from custody until further notice, as police investigators are pouring over bank accounts and telecommunications data to build the case...

548. Turkish Lira rallies as central bank raises interest rates to 24%

549. 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...

550. Bank of Cyprus adds 24300 new retail accounts in August

551. British Airways suffers embarrassing data breach

Financial information of potentially hundreds of thousands of British Airways customers has been stolen, during a data breach affecting online payments made through the UK flagship carrier’s website...

552. 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...

553. 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...

554. 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...

555. Monaco Telecom takes over MTN Cyprus

Monaco Telecom is taking over MTN Cyprus in a €260 million deal that will set a new course for the Cypriot provider as a powerful member of its new European family...

556. 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...

557. Citizen Service Centres cancel Monday strike

The Citizen Service Centres around the island will not be closed Monday morning after all, but employees say they are swamped with MIG welfare recipients and so they will accept application forms but won't not answer MIG questions...

558. Greek Cypriot drivers cross north to fill ’er up

Greek Cypriot gas station owners are feeling the squeeze as many vehicle owners cross north to get petrol, causing up to 70% losses in the south...

559. Hellenic moments away from CCB offer

The privatisation deal for Cyprus Cooperative Bank could be moments away, with Hellenic Bank putting the finishing touches on the final makeup of its new shareholder base...

560. Capital controls eased further as of Monday

Capital controls were eased further on Monday with depositors now permitted to withdraw a monthly maximum of 5,000 euros from bank accounts, up from 2,300 euros....

561. Paphos mayor turns up pressure in Turkish Cypriot properties saga

Paphos Mayor Phedonas Phedonos is turning up the pressure in his town’s Turkish Cypriot properties saga, prompting Edek party leader Marinos Sizopoulos to respond to allegations of corruption...

562. Russian 'dirty money' flowing through London damages UK

Russian money hidden in British assets and laundered through City of London financial institutions damages the government’s efforts to take a tough stance against Moscow’s aggressive foreign policy, a committee of lawmakers said...

563. Co-op receives two bids in good bank, bad bank scenarios

The Cooperative Central Bank (CCB) announced on Monday it has received two bids as part of its privatisation process launched in March, with one bidder going after the ‘good bank’ scenario just as the European Commission approved the acquisition of Altamira Cyprus by a joint platform with CCB and one of the bidders...

564. Trump lawyer took money from firm linked to Russian oligarch

An attorney for porn star Stormy Daniels said that Donald Trump’s lawyer, Michael Cohen, was paid $500,000 by a company with ties to a Russian oligarch who was hit last month with US sanctions to punish Moscow for activities that included suspected meddling in the 2016 US election...

565. Greek foreign minister dismayed by Greece’s 'vilification' in Cyprus court

Greek Foreign Minister Nicos Kotzias told the Nicosia District Court on Monday that it is a shame that his country and the Church cannot solve amicably a legal dispute over a land transfer...

566. EU predicts strong growth as unemployment declines

The Commission foresees a "strong growth momentum continuing" in the coming years, but warned of risks widening...

567. You can’t put a price on heritage

When the German tabloid Bild suggested that Greece should sell off Corfu and the Parthenon as part of its asset-stripping, they didn't know that Durrell had foreseen this many years ago...

568. 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. ...

569. In Cyprus cash is king

Cyprus and Greece top the list of eurozone countries where people still prefer to pay with cash, casting doubt over the claim that plastic is replacing paper in money transactions....

570. Cyprus church in legal dispute with Greece

The Kykkos Holy Monastery and the Greek government are locked in a legal dispute over a plot of land in Nicosia, with the Greek foreign minister due to testify soon in court. ...