Wargaming has announced its decision to sell its remaining stake of 6.8% (28,023,767 shares) in Hellenic Bank to Eurobank. The deal is valued at €65.9 mln, equivalent to €2.35 per share. Eurobank
Hellenic Bank’s annual profit after tax for the first half of 2023 is €160.2 mln, up by 203%, with net interest income increasing by 77%. In statements about the financial results for the six
Cyprus Airways announced it carried 70% more passengers in July (77,656), than last year (45,578). Last month, the Larnaca-based carrier operated 548 scheduled flights (July ’22: 337 flights) and registered a similar
Limassol will host the M&I Europe Summer 2023 forum from August 30 to September 2, bringing together over 300 service and product providers in conferences and events, plus tourist incentives. The event’s
Tesla has consistently stood at the forefront of electrification, autonomy, and futuristic design, with its Cybertruck emerging as one of the products that are redefining conventional perceptions of a pickup truck. With
New major investment plans in Cyprus are underway by the largest hospitality organisation in Israel and one of the fastest-growing hotel groups – with 270 hotels in 117 destinations. It is now
Tapestry, Inc. announced it had reached a definitive agreement to acquire luxury fashion group Capri Holdings Limited, the parent company of Michael Kors (USA), for approximately $8.5 bln in an all-cash deal.
A significant increase of 12.6% was recorded in the first quarter of 2023 in the assets under management of the Cypriot Investment Funds, compared to 2022, says the Cyprus Investment Funds Association
Kyndryl, the world’s largest IT infrastructure services provider, and CNP Cyprus, the leading insurance group, announced a five-year agreement renewal. The company will transform CNP Cyprus’ IT infrastructure into a hybrid cloud
Leading lender, Bank of Cyprus posted after-tax profits of €220 mln for the first half of 2023, highlighting its robust profitability, a significant leap from the €43 mln recorded last year. Some
