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, Eurobank has not been shy about its plans to take over the bank with the help of minor stakeholders. Other stakeholders, including the
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UEFA and the Cyprus Football Association (CFA) staged a special grassroots event offering more than 90 children the opportunity to test their skills against several footballing legends. Tuesday’s Limassol event welcomed boys and girls aged 12-13 to the city’s Alphamega Stadium. It celebrated UEFA’s successful Football in Schools initiative, which offers children across Europe access
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The international community recognises the constructive stance of the Greek Cypriot side on resuming Cyprus talks, said government spokesman Konstantinos Letymbiotis. He made statements after Tuesday’s National Council meeting, during which President Nikos Christodoulides briefed political party leaders about his contacts in New York and meeting with the UN Secretary-General Antonio Guterres. Letymbiotis underlined that
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Deloitte’s “Technology FAST 50” is a prestigious program awarding fast-growing technology companies headquartered in the Middle East and Cyprus, allowing them to grow and amplify their brand. Deloitte announced that the nominations for the next edition of the program are now open. The program ranks and recognises the 50 fastest-growing technology companies from all
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Xenophon Kallis, long-time head of the missing persons service at the Foreign Ministry who died at 73 after a long battle with cancer, was laid to rest on Tuesday in Dali. President Nikos Christodoulides, Minister of Foreign Affairs Constantinos Kombos and representatives of the United Nations and Turkish Cypriots attended the state-paid funeral service. Kallis
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Cyprus ranks 22 among the EU-27 for gender equality with a poor ranking of 106 among 146 countries globally, Commissioner for Gender Equality Josie Christodoulou said. She addressed Tuesday’s public consultation event at the Presidential Palace on the new National Strategy for Gender Equality 2024–2026. “It’s not a coincidence that the Secretary-General of the United
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Finance Minister Makis Keravnos said there are still challenges the banking sector must address, but he expects additional positive measures from banks to their struggling customers. At the ‘Banking System: New Challenges and Opportunities’ conference in Nicosia, he said successive rate hikes have impacted the economy, noting that banks have adopted some positive moves. In
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Environmental experts have confirmed this year saw the second-highest number of sea turtle nests recorded within the British Bases areas (SBAs) since 2009. As the nesting season draws to a close, the SBA Administration Environmental Department said 282 nests were recorded “at all sandy beaches” within the Bases. Alexia Perdiou, the Senior Environmental and Policy
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The construction of a petroleum products storage terminal by 2025 is considered a project of exceptional importance for Cyprus’ strategic energy autonomy, said Energy Minister George Papanastasiou. On Monday, he addressed the annual General Assembly of the Cyprus Organisation for Storage and Management of Oil Stocks (COSMOS). Papanastasiou analysed the objectives of COSMOS, noting that the construction of
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Cypriot authorities said Tuesday they have information that around 500 irregular Syrian migrants are preparing to depart on boats from nearby Lebanon to the island. Interior Minister Constantinos Ioannou has instructed the Cypriot authorities to prepare for a possible mass departure of migrants from Lebanon to Cyprus, officials said. Interior Ministry spokesperson Loizos Hadjivasiliou told
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