Hellenic Bank has decided to allocate EUR 28 mln out of the EUR 58 mln that it borrowed from the EIB to Cyprus based small and medium sized enterprises, with the remaining EUR 30 mln earmarked for lending to SMEs in Greece. George Evripidou, Business Services Division Manager, told FinancialMirror.TV that Hellenic Bank will match

Marfin Popular Bank, having signed a loan agreement with the EIB amounting to EUR 50 mln for Cyprus, is ready to lend a total of EUR 100 mln to help Cyprus based small and medium sized enterprises (SMEs), said Maro Savva, Director Corporate and Commercial Banking. Savva told the Financial Mirror that MPB having signed

Hundreds of small and medium sized enterprises (SMEs) will have access to an additional EUR 18 mln in new funding through the Jeremie (Joint European Resources for Micro to medium Enterprises) initiative at preferential terms by the end of the year. Jeremie is a new initiative developed by the European Commission and the European Investment

The European Investment Bank had been active in Cyprus since 1981, but its financing facilities rose dramatically in 1996 after Cyprus started EU accession talks. In the past 12 years, EIB funding to Cyprus has exceeded EUR 1.5 bln, half of which was allocated after EU accession in 2004. During the last five year period,

The Bank of Cyprus board has decided to renew the employment contracts of its Group CEO, Andreas Eliades, and Group Chief General Manager, Yiannis Kypri, for five more years. The new contracts are effective retrospectively from January 1, 2009 to December 31, 2013. Eliades and Kypri assumed their current positions on January 1, 2005. The

The Supreme Court has ruled in favour of the staff at the National Bank of Greece (Cyprus) starting their own union, SYPETE, an effort challenged since 2007 by the militant Etyk bank employees union. This could pave the way for other independent unions making their appearance at all the other commercial banks, something that Etyk

The Cyprus Technological University (TEPAK) and the Harvard University Public Health School have agreed on four master's programmes and new doctorate programmes for the period 2009-2013. The Council of Ministers has approved the agreement of cooperation, which replaces the agreement between the Republic of Cyprus and Harvard University. The aim of the agreement is to

The Employers and Industrialists Federation, OEV, expressed it’s “deep disappointment” with last Thursday’s approval in the House of Representatives of a bill to create 1083 new jobs in the civil service, saying this would widen the public payroll further and does not solve the problem of rising unemployment. Finance Minister Charilaos Stavrakis had first announced