BusinessMail

• The Case for NPLs Strategisation

  2 weeks ago Business Mail

  A. Where are we? When Cyprus was embarking upon its journey into the unknown territory of elevated NPLs and excessive private debt along...

• Louis sells Aegean Queen

  2 weeks ago Business Mail

  By Stelios Orphanides Leisure services provider Louis Plc said that it sold its cruise ship “m/v Aegean Queen” to an unspecified company...

• Co-op freezes deposit accounts of borrowers with NPLs

  3 weeks ago Business Mail

  By Stelios Orphanides Four days after the approval of the deal to sell its healthy operations to Hellenic Bank, the Cyprus Cooperative Bank...

• ICPAC elects new board of directors

  3 weeks ago Business Mail

  By Stelios Orphanides The Institute of Certified Public Accountants of Cyprus (ICPAC), a body supervising accounting firms, said that its new...

• Unemployment rate increases in Q1 to 10.7%, Cystat says

  3 weeks ago Business Mail

  By Stelios Orphanides The unemployment rate in the first quarter of the year rose to 10.7 per cent, from 10.1 per cent the previous quarter,...

• Administrative Court cancels watchdog’s €18.1m fine on BOC

  3 weeks ago Business Mail

  By Stelios Orphanides The Administrative Court cancelled a decision of the competition watchdog to fine JCC Payment Systems €1.7m and Bank of...

• Supreme Court affirms ruling barring CBC from liquidating FMBE

  3 weeks ago Business Mail

  By Stelios Orphanides The Supreme Court rejected on Thursday the Central Bank of Cyprus’s (CBC) appeal against a first instance ruling banning...

• Georgiades says compliance to standards key in exploiting opportunities

  3 weeks ago Business Mail

  By Stelios Orphanides Finance Minister Harris Georgiades said that the Cyprus’s reputation as a financial centre needs to be further improved...

• CySEC asks Hellenic Bank to further explain Co-op deal

  3 weeks ago Business Mail

  By Stelios Orphanides The Cyprus Securities and Exchange Commission (CySEC) said that it requested from Hellenic Bank the issue of a...

• CEO says regulator forced Co-op into Altamira, Citi deals

  3 weeks ago Business Mail

  By Stelios Orphanides The chief executive officer (CEO) of the Cyprus Cooperative Bank Nicholas Hadjiyiannis has said the bank was compelled...

• Sale of Co-op operations not state aid, EU Commission says

  3 weeks ago Business Mail

  By Stelios Orphanides The European Commission said on Tuesday it approved the government’s decision to inject additional public funds into the...

• Central Bank tells banks to ditch shell companies

  3 weeks ago Business Mail

  By Stelios Orphanides The Central Bank of Cyprus is tightening rules against money laundering by asking supervised banks to avoid business...

• Hellenic to triple balance sheet by paying Co-op €74m

  3 weeks ago Business Mail

  By Stelios Orphanides Following the formal approval by the Cyprus Cooperative Bank’s shareholders of Hellenic Bank’s proposal to acquire its...

• CEB’s Wenzel encourages Anastasiades to do more on NPLs

  3 weeks ago Business Mail

  By Stelios Orphanides The governor of the Council of Europe Development Bank (CEB) Rolf Wenzel said on Monday that the lender will continue...

• Tourist arrivals up 7.6% despite slump in number of Russians

  3 weeks ago Business Mail

  By Stelios Orphanides Tourist arrivals rose in May by 7.6 per cent to 450,955 compared to the respective month of 2017 as secondary markets...

• Demetra, Logicom shares suspended from CSE trading

  3 weeks ago Business Mail

  By Stelios Orphanides Demetra Investment, owner of 10.1 per cent of Hellenic Bank’s shareholding, and software developer Logicom Public Ltd,...

• Politics may prevent state from collecting from Co-op NPLs

  3 weeks ago Business Mail

  By Stelios Orphanides Political considerations prevented the state-owned Cyprus Cooperative Bank from collecting from borrowers not servicing...

• Co-op receives revised bid from Hellenic Bank

  15-6-2018 Business Mail

  Βy Stelios Orphanides The Cyprus Cooperative Bank said Friday that it received a “revised proposal” from Hellenic Bank which a month ago...

• Missing Russian fund manager believed to be in Cyprus, Bloomberg reports

  15-6-2018 Business Mail

  By Stelios Orphanides German Lillevyali, a Russian fund manager with an Estonian passport who has disappeared leaving investors fearing for...

• Golden visa supervisor to start accepting applications from providers

  15-6-2018 Business Mail

  By Stelios Orphanides The ministry of finance said Friday that a committee for the supervision and control of the government’s...