BoC purchases 24,800 shares as part of buyback programme
The Bank of Cyprus on Monday announced the purchase of 24,800 ordinary shares on the Cyprus Stock Exchange (CSE) as part of its ongoing share buyback programme.
The shares, each with ...
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Cyprus Business Now: Athens shipping event, banking sector updates, innovation
President Nikos Christodoulides expressed satisfaction with the appointment of Apostolos Tzitzikostas as the European Union’s new transport commissioner, the top EU post overseeing shipping, as well as the appointment ...
Cyprus sees non-performing exposures fall to €1.7 billion
Non-performing exposures (NPEs) within the Cypriot banking sector dropped to €1.70 billion at the end of June, down from €1.80 billion in March, according to the Central Bank of Cyprus (CBC).
According ...
AI can transform public sector, chief scientist says
Chief Scientist Demetris Skourides participated in the inaugural AI and Web Festival Summit held in Dubai on September 11-12, according to an announcement released on Friday.
This leading global event ...
CySEC launches initiatives to promote financial literacy in Cyprus
The Cyprus Securities and Exchange Commission (CySEC) is participating in World Investor Week, scheduled for October 7-14, with a strong focus on financial literacy.
“Financial literacy empowers citizens to manage ...
President highlights vital role of shipping in EU geopolitics
President Nikos Christodoulides expressed satisfaction with the appointment of Apostolos Tzitzikostas as the European Union’s new transport commissioner, the top EU post overseeing shipping, as well as the appointment ...
Cyprus authorities scramble to process building permits backlog
The number of building permits issued in Cyprus experienced a significant surge in June 2024 as local authorities worked to process a backlog of delayed applications.
The rush to clear the ...
Cyprus Business Now: banks appoint new CEOs, Nicosia real estate, French tourists
Deputy Minister of Tourism Kostas Koumis on Thursday said that Cyprus is likely to set a new record for tourist arrivals from France.
Speaking during a series of meetings in ...
Cyprus set for record-breaking French tourist arrivals
Deputy Minister of Tourism Kostas Koumis on Thursday said that Cyprus is likely to set a new record for tourist arrivals from France.
Speaking during a series of meetings in ...
Invest Cyprus deepens economic ties with India
National investment promotion agency, known as Invest Cyprus, on Thursday announced that it recently participated in the India Mediterranean Business Conclave 2024.
The event, held on September 6 in New Delhi, was ...
Andre Agassi headlines City of Dreams’ Baghdatis academy launch
City of Dreams Mediterranean on Wednesday evening celebrated the official opening of the Marcos Baghdatis Tennis Academy.
The resort described the event as the mark of “the beginning of a ...
Andreas Petsas new Eurobank Cyprus CEO; Michalis Louis takes over at Hellenic Bank
Eurobank Cyprus on Thursday announced the appointment of Andreas Petsas as its new Chief Executive Officer (CEO), following a decision by the bank’s board of directors.
According to the ...
Cyprus Business Now: Hellenic Bank AGM, GSI, Aphrodite gas field, inflation
Hellenic Bank provided an update on the bank’s achievements and developments since early 2024 during its annual general meeting on Wednesday.
In a statement, the bank said that the meeting “...
Cyprus-Macao tourism partnership highlighted at City of Dreams event
Melco Resorts & Entertainment, developer and operator of City of Dreams Mediterranean, on Tuesday evening hosted an event to promote Macao’s status as a travel, leisure, and business destination.
...
Hellenic Bank AGM highlights recent achievements, future prospects
Hellenic Bank provided an update on the bank’s achievements and developments since early 2024 during its annual general meeting on Wednesday.
In a statement, the bank said that the meeting “...
Cyprus inflation hits 2.2 per cent in August, driven by recreation and hospitality
Inflation in Cyprus, as measured by the Harmonised Index of Consumer Prices (HICP), rose by 2.2 per cent year-on-year in August 2024, according to a report from the Cyprus Statistical Service (Cystat) ...
Bank of Cyprus shares approved for listing on Athens Stock Exchange
The necessary conditions for the listing of Bank of Cyprus shares on the Athens Stock Exchange have been met, according to an announcement from the relevant listing and market operations ...
Cyprus can become a renowned European tech hub, say founders of ‘virtual kafeneio’
Interview with Oleg Silakov and Phillip Gladkov, co-founders of Gameram
In this exclusive interview, Oleg Silakov and Philipp Gladkov, co-founders of the social gaming network Gameram, share insights into their ...
Cyprus Business Now: borrowers association, Eurobank, August tourism
Tourist arrivals to Cyprus reached 554,923 people in August 2024, an 8.5 per cent increase compared to 511,387 in August 2023, according to a report released on Tuesday from the Cyprus Statistical Service (Cystat).
From ...
CBC governor, borrowers association back sustainable loan restructurings
The Cyprus Borrowers Association (Syprodat) and Central Bank of Cyprus (CBC) governor Christodoulos Patsalides on Tuesday discussed the need for sustainable loan restructurings, as well as the issue of lending ...
More than half a million tourists visit Cyprus in August
Tourist arrivals to Cyprus reached 554,923 people in August 2024, an 8.5 per cent increase compared to 511,387 in August 2023, according to a report released on Tuesday from the Cyprus Statistical Service (Cystat).
From ...
Hellenic Bank stake adds to Eurobank’s positive outlook, says Moody’s
Eurobank’s recent acquisition of a majority stake in Hellenic Bank, Cyprus is set to enhance its credit profile and geographic diversification, according to a statement by credit rating agency ...
Digital transformation key to Cyprus’ growth, says ministry official
Research Deputy Ministry official Georgios Komodromos on Tuesday said that digital transformation is crucial in improving the country’s competitiveness and economic growth.
In a statement, Komodromos outlined the government’...
Trapped buyers continue to bear developers’ debts, says borrowers association
The Cyprus Borrowers Association (Syprodat) this week expressed “disappointment, discouragement, and a sense of failure” among trapped buyers, who are effectively paying off the debts of property developers from whom ...