This appointment comes as part of a broader restructuring within the bank, following the approval of a relevant resolution by its shareholders during the upcoming annual general meeting on September 18.
Antonis Rouvas, who has been serving as the Interim CEO of Hellenic Bank, is expected to assume the role of chief financial officer (CFO).
Moreover, it was reported that the leadership team of Hellenic Bank will be finalised after the new board of directors is officially constituted.
Regulatory guidelines prohibit senior executives from holding top positions in more than one banking institution at the same time, suggesting that Louis is expected to step down from his position as the head of Eurobank’s international activities general division.
Rouvas had previously held the CFO position at Hellenic Bank for several years before his appointment as interim CEO.
In addition, she pointed out that a substantial number of Cypriots are unaware of their travel rights, calling for better consumer education and awareness.
Christou highlighted a sharp rise in grievances since the beginning of June, telling local outlet Stockwatch that “the number of complaints received by the association has risen sharply and mainly concern problems with their travel, both organised and unorganised”.
The bulk of these issues involve flight cancellations, delays, mishandled baggage, and discrepancies in the details of package tours, marking an unprecedented period for complaints against airlines, travel agents and agencies.
Christou explained that the CCA is currently focused on providing advisory services while gathering data for a forthcoming biannual report.
This report, she explained, aims to compare the current complaint trends with those of the previous year.
Rousounides noted that despite various challenges, including regional conflicts, economic downturns in the UK, and major sporting events, the industry remains resilient.
In statements to local outlet InBusiness, he said that “it seems we are operating at quite good levels, which are on par with or slightly above last year’s, demonstrating the resilience of the industry”.
“Despite numerous issues and challenges – including the regional conflict, the economic downturn in the UK, our primary market, the Olympic games, and the European football championship – the number of arrivals has remained unaffected,” he added.
According to the announcement, these exams are essential for candidates seeking registration in the council’s official registry.
Council president Marinos Kineyirou said that “the written examinations are conducted in accordance with Article 11(1)(a)(v) of the Real Estate Agents Law to ensure that candidates possess sufficient knowledge of the land and urban planning legislation of the Republic”.
“This knowledge is necessary for the proper and responsible practice of the real estate profession,” he added.
The announcement also mentioned that the examinations will be held in the Greek language and will require candidates to demonstrate their understanding of several key legislative provisions.
Pame Troodos, the Traditional Flavours and Handicrafts Festival will be held on Saturday, September 7, inviting people from all around the island to explore Cypriot art and goods.
The initiative behind the festival was taken by the First Lady, Philippa Karsera Christodoulides, as part of her charitable activities. As such, a portion of the proceeds raised from the sale of products will be donated to the Community Welfare Councils of the countryside (EKE Kyperounta).
The event, from 11am to 7pm, is also being held under the auspices of the deputy ministry of tourism to encourage more visitors to the mountains.
He said his ministry is “currently trying to manage the European regulations” related to halloumi, related to the extended five-year transition period the European Union granted for the transition of PDO halloumi to contain more goat and sheep milk.
The European Commission had granted Cyprus a five-year extension in July.
The initial ten-year transition period, which was set to expire on July 9, was set to be missed after the requisite progress was not made in terms of transitioning halloumi production to include more goat and sheep milk due to ongoing disagreements between various stakeholders regarding milk quotas and their implementation.
On this, Gregoriou said there have been “reactions” from stakeholders since the extension was granted, but that his ministry will now “try to explain and support” the various stakeholders, with the aim of complying with the relevant regulations by the end of the current extension period.
“Our orientation is 2029. Until then, we all have to work. That includes those who produce milk and halloumi, as well as us at the ministry,” he said.
The Cyprus Stock Exchange (CSE) ended Tuesday, August 27 with losses.
The general Cyprus Stock Market Index was at 178.19 points at 12:07 during the day, reflecting a decrease of 0.17 per cent over the previous day of trading.
The FTSE / CySE 20 Index was at 108.50 points, representing a drop of 0.17 per cent.
The total value of transactions came up to €68,638, until the aforementioned time during trading.
In terms of the sub-indexes, the main, alternative, investment firm and hotel indexes fell by 0.23 per cent, 0.22 per cent, 1.17 per cent and 0.47 per cent respectively.
The biggest investment interest was attracted by the Bank of Cyprus (+0.21 per cent), Hellenic Bank (no change), Logicom (no change), K+G Complex (-2.22 per cent), and Demetra (-1.14 per cent).
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