#CBN

Hellenic Bank on Thursday announced that it has entered into exclusive negotiations and a put option with CNP Assurances for the acquisition of its subsidiary CNP Cyprus Insurance Holdings Limited, ...

Hellenic Bank is reportedly on the verge of finalising a deal with French insurer CNP Assurances to acquire its insurance operations in Cyprus, it emerged on Wednesday. Citing sources within ...

President Nikos Christodoulides on Tuesday addressed the Cyprus Employers and Industrialists Federation (Oev), during the federation’s annual general meeting, where he reiterated the government’s support for the local ...

Cyprus’ Composite Leading Economic Index (CCLEI) fell by 0.9 per cent in March 2024, when compared to the same month from the previous year, according to a report released on Monday by ...

Here are the top business stories in Cyprus from the week starting April 15: In recent developments from Cyprus, Marinos Christodoulides, President of the Cyprus Stock Exchange (CSE), emphasised the significance ...

Hellenic Bank and bank workers’ union (Etyk) clinched a deal over collective agreements on Friday, after a government-supported mediation process. Labour Minister Yiannis Panayiotou heralded the development “after a long ...

Finance Minister Makis Keravnos welcomed the release of the International Monetary Fund’s (IMF) Fiscal Monitor, which expects that Cyprus’ public debt ratio will decline to the Maastricht Treaty limit (60 ...

President of the association of Hotel Professionals of Cyprus (Pasydixe) Christos Angelides has called for more agility in the local tourism sector, saying that any long-term strategy remains vulnerable to ...

AstroBank on Tuesday released its financial results for the year ending December 31, 2023, reporting a profit after tax of €30.4 million, while also marking a Return on Equity (RoE) of 13.9 per cent, ...

President Nikos Christodoulides on Monday travelled to London for a series of contacts with financial parties, entrepreneurs and investors. As part of his visit, the president will participate in a ...

Here are the top business stories in Cyprus from the week starting April 8: Minister of Agriculture, Maria Panayiotou, recently lauded the economic significance of the wine industry and unveiled plans ...

The interior ministry on Friday officially announced that elections for European Parliament and local government would be held on Sunday, June 9. The deadline to submit a candidacy was set for ...

In Q4 of 2023, two-bedroom apartments were the main attraction for buyers in Cyprus, according to Ask Wire‘s findings, which emerge from continuous monitoring of the development of 421 high-end projects ...

In January 2024, a slight decrease of 0.5 per cent was observed in the number of building permits issued by municipal authorities and provincial administrations, compared to the same month in 2023, as ...

The Deputy Ministry of Shipping will participate in the ‘Sea Japan’ international shipping exhibition in Tokyo, from April 10 to 12. In an announcement, it stated that ‘Sea Japan’, an international maritime ...

Minister of Agriculture, Maria Panayiotou, praised the economic value of the wine industry and revealed plans for global promotion through international events and financial support. She highlighted the government’s ...

Here are the top business stories in Cyprus from the week starting April 1: In a notable development in Cyprus, two brothers, George Geratziotis and Dr. Alexandros Geratziotis, have spearheaded an ...

Cyprus witnessed a notable increase in total new loans in February 2024, reaching €575.5 million, compared to €462.7 million in the previous month, according to a report released on Friday. This surge is ...

More than €8 billion of major developments have been planned to be carried out in Cyprus, the Association of Large Investment Projects’ chairman Andreas Demetriades said on Thursday. Demetriades was speaking ...

BBF is widely recognised as a leader among the top three development companies in Cyprus, specialising in high-end residential and commercial developments. Headquartered in Limassol, Cyprus, with additional branches in ...

Beneficiaries in the mortgage-to-rent scheme are being extended to further aid the financially vulnerable, cabinet decided on Wednesday. Announcing the decision, Finance Minister Makis Keravnos said the move aims to “...

Serious concerns were raised on Tuesday over whether the company assigned to take on the expansion and restoration of Larnaca port will be able to complete the works. The company, ...

Here are the top business stories in Cyprus from the week starting March 25: The European Commission recently released a report highlighting Cyprus’ economy as on a positive trajectory, forecasting growth ...

The fleet of vessels registered under the Cypriot flag has seen a significant increase of approximately 5.5 per cent, equivalent to about 1.1 million tonnes, over the past six months, according to ...