Astrobank has come to an agreement in principle for the acquisition of the National Bank of Greece (Cyprus) after months of negotiations in Athens and Cyprus. Sources from both banks quoted by Stockwatch have confirmed that the two sides are close to a final agreement. While details of the deal have yet to be announced,
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Nicosia has welcomed the fact that incoming EU Commission chief Ursula von der Leyen has assigned Cyprus Commissioner designate Stella Kyriakides the key portfolio of Health. In a written statement, Cyprus President Nicos Anastasiades wished Kyriakides good luck in her new duties, pointing out that her post is one of the “most important” because it
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Cyprus credit card transactions in August increased 6%, reflecting steady consumer confidence while tax and other online payments to the state played a significant part in the upswing. According to new JCC data, the value of Cyprus credit card transactions in the domestic market increased by 6% in August to €421.85 mln compared to last
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By Han Tan, Market Analyst at FXTM Shares across Asia-Pacific rose on Wednesday, carrying over the momentum from the late surge in US stocks. The lull in the US-China trade conflict has prompted safe-haven assets to unwind recent gains. Gold is now trading around the $1490 level, the Japanese Yen has weakened with USDJPY edging
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Egypt will host the next Trilateral Summit involving the leaders of Cyprus and Greece on October 8, Cypriot Defence Minister Savvas Angelides announced on Wednesday. “We are constantly upgrading both our bilateral relations and our trilateral cooperation with Egypt and Greece, on matters of a military nature,” the Minister said. He attended a meeting at
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Cyprus has fewer children per teacher in primary school education (12.6) than the EU average (14.7), according to latest Eurostat data. Across the EU, the average number of pupils per teacher at primary level in 2017 was 14.7, though the figures vary across EU Member States. The highest pupil-teacher ratios were reported in France (19.6),
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The European Investment Bank (EIB) approved two loan schemes for Cyprus totalling €170 mln, strengthening government support to small and medium sized enterprises (SMEs) while boosting private sector growth and competitiveness. A Finance Ministry statement said the first loan of €130 mln is in the context of the well-known EIB scheme implemented in Cyprus since
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Chinese investors have bought a 31,171 m² mixed development plot for some €30 mln in Limassol which once hosted LOEL wineries. The oblong plot once belonging to the Laiko Group stretches from Franklin Roosevelt Avenue to the coastal area of Karnagio between the old and new Limassol ports. The property was acquired by Bank of
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Cyprus MP and women’s healthcare activist Stella Kyriakides has got the nod as EU Commissioner for Health, making her part of a strong female presence in the new-look executive. Kyriakides, one of 13 women commissioners from 27, replaces outgoing Christos Stylianides as Cyprus’ commissioner in Brussels. The first woman President-elect of the European Commission Ursula
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Saudi Foreign Minister Ibrahim Bin Abdulaziz Al-Assaf makes a landmark visit to Cyprus on Wednesday, the first ever in the history of diplomatic relations between the two countries. Cyprus Foreign Minister Nikos Christodoulides will meet with his Saudi counterpart in Nicosia, for expanded talks with the participation of delegations, during which bilateral relations are expected
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