Obstacles to Eurobank’s Hellenic takeover

Greece’s Eurobank is reportedly preparing a strategic roadmap to takeover Hellenic Bank, the island’s second-biggest lender; however, there are obstacles as major shareholders are unwilling to budge. With a 29.2% Hellenic stake,

Ernst & Young to boost Cyprus investment

Professional services giant Ernst and Young pledged to bolster its presence in Cyprus with jobs and investment during contacts with President Nikos Christodoulides in New York. They discussed issues related to investments

IIFA conference in Cyprus for first time

The 36th annual conference of the International Investment Funds Association (IIFA) will take place in Cyprus for the first time on October 24-25. The conference is attended annually by representatives from the largest associations

Halloumi makes over 20% of export revenue

Halloumi cheese exports during the first four months of 2023 reached €111.8 mln, which equals 20.49% of the value of Cypriot exports, said Minister of Agriculture Petros Xenophontos. Addressing the 4th Halloumi

Fighting the inflation dragon

The ECB announced its decision to raise the three key interest rates by 25 basis points amid persistent inflation, which “is still expected to remain too high for too long.” According to

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More government support for financial services sector

The government will further support the growth of the financial services sector by bolstering the regulatory framework, strengthening supervision, and ensuring effective enforcement, said President Nikos Christodoulides. He pledged on Wednesday evening at

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