Former co-op employee jailed for seven years for embezzling almost €700,000
A former co-op employee was sentenced to seven years in jail on Friday by the Nicosia criminal court after she was found guilty on 257...
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Union calls strike at Hellenic bank
Bank employees’ union Etyk has called a 24-hour strike at Hellenic Bank for next Friday, accusing the company of reneging on prior commitments made to...
Public debt grew €2.6bn in 2018 due to co-op collapse
Public debt grew by €2.6bn in 2018 primarily due to the state offering government bonds to Hellenic Bank as part of a deal where the...
‘Dozens of rural communities left without banking services’
MAIN opposition Akel has again highlighted the issue of the ongoing closure of bank branches formerly operated by the Cyprus Cooperative Bank (CCB) and since...
Integration of former Co-op and Hellenic Bank to be completed on Monday
The integration process of Cyprus Cooperative Bank (CCB) and Hellenic Bank will be completed on Monday, a year after the acquisition of the former by...
State-owned asset-management company brings in €288m in its first 10 months
The Cyprus Asset Management Company (Kedipes) generated income of €288.3 million in the first 10 months of operation of the state-owned asset manager, established following...
AG orders criminal probe into co-op demise
The attorney-general has instructed the chief of police to launch a criminal probe into certain issues highlighted by an inquiry into the collapse of the...
MPs delay bills on NPL disclosures
LAWMAKERS on Thursday kicked the can down the road on legislation that would oblige them, the president and ministers to declare whether they have non-performing...
Disy-Akel clash over co-op, Laiki, as accusations fly (Updated)
POLITICIANS on Thursday seized the opportunity to try and score points off one another during an often-heated debate at the House plenum on the report...
Handling of co-op bank ‘not too bad’
Decisions regarding the co-op bank in Cyprus might have been different, a senior European Commission official told MPs on Tuesday, but noted that the option...
Our View: Govt should ignore irrational demand for co-op assets
A CROWD of a couple of thousand people marched to the presidential palace on Wednesday evening to demand that the president and the government ensured...
‘Preliminary conclusions’ reached on possible criminal offences in co-op debacle
The state Legal Service has arrived at certain preliminary conclusions relating to the possible commission of criminal offences in the collapse of the co-op bank,...
State attorneys poring over co-op probe findings
State attorneys have been poring over the findings of a probe into the collapse of the co-op bank trying to establish whether further investigation into...
Young and old called on to participate in protest over ‘co-op scandal’
Pensioner and student organisations on Tuesday called on their members to take part in a huge rally planned for Wednesday evening to protest against the...
Large-scale demonstration planned over fallout from co-op closure
FARMERS, educators, pensioners, and community organisations will be staging a demonstration on Wednesday March 27, to protest against the developments which led to the Co-op...
House plenary to convene extraordinary debate on co-op collapse
The House plenary will hold an extraordinary meeting on Thursday, April 4, to debate the report of the investigative committee on the collapse of the...
Private and public debt still key danger to economy
Technocrats from the European Commission, the European Central Bank and the International Monetary Fund (IMF) are back on the island for their sixth post-programme surveillance...
Unsubstantiated criticism of co-op findings harmful, AG says
Attorney-general Costas Clerides said Friday any criticism directed at a committee that investigated the collapse of the co-op bank must be backed by evidence otherwise...
Finance minister to leave office at the end of the year (Updated)
Finance Minister Harris Georgiades said Friday he would be stepping down at the end of the year but denied it was because of the demining...
Teachers union wants co-op properties returned to them
Primary teachers’ union Poed said on Thursday it was taking legal measures to have the real-state owned and managed by its cooperative savings fund,...
