Bank of Cyprus completes new share buyback round

Bank of Cyprus completes new share buyback round

The Bank of Cyprus announced on Monday that it completed a new round in its share buyback programme, which was originally disclosed in April of this year, with 34,150 shares being purchased in total. According to an official announcement, the bank acquired 22,183 shares on the London Stock Exchange (LSE) at a weighted average price of £3.68 per share and 11,967 shares on the Cyprus […]

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Government to further support beekeeping, Agriculture Minister says

Government to further support beekeeping, Agriculture Minister says

The government will continue its efforts with a view to further support beekeeping, Minister of Agriculture, Rural Development and Environment, Maria Panayiotou, has said. She was addressing a Bee Festival in Ora village on 19 May, on the occasion of “World Bee Day”. Panayiotou said that an important tool for the development of beekeeping in Cyprus is the Beekeeping Programme […]

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Cyprus banks plan how to turn green

Cyprus banks plan how to turn green

Cypriot banks are urging a combination of government and regulatory policies to achieve a healthy, effective and optimal green transition. Banks stress their key role in this transition, emphasizing that while they should make significant financial contributions, the government must also align its policies with the banks to facilitate the green transition. Representatives from all […]

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Cypriot tech company takes a bold leap into mixed reality

Cypriot tech company takes a bold leap into mixed reality

Ascation’s founding visionaries George Tziazas and Minas Kyriakou chart Ascanio’s course, including their early struggles and triumphs, as well as the support they received along the way. By Souzana Psara From the moment I stepped into Ascanio’s dynamic space in Nicosia, I could sense an atmosphere charged with creativity and ambition. George Tziazas, the CEO, and Minas Kyriakou, […]

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Eurobank Group reports robust first quarter results

Eurobank Group reports robust first quarter results

Eurobank Holdings this week released its financial results for the first quarter of 2024, showcasing significant growth and robust performance across various metrics, including in its operations in Cyprus. “Our performance in the first quarter is a great start for the year and makes us confident that our 2024 planwill be delivered, with a return on tangible book value of 15 per […]

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Cypriot small businesses to benefit from €10,000 innovation vouchers

Cypriot small businesses to benefit from €10,000 innovation vouchers

The Research & Innovation Foundation (RIF) on Friday unveiled its revamped innovation vouchers programme, offering €10,000 per project along with free support services to Cypriot small and medium-sized enterprises (SMEs). According to an announcement by the RIF, this initiative aims to boost their competitiveness by providing access to specialised expertise. The foundation explained that the innovation vouchers “enable SMEs to receive tailored services […]

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Bank of Cyprus CEO hails 2023 as milestone year — dividend payment a key highlight

Bank of Cyprus CEO hails 2023 as milestone year — dividend payment a key highlight

Bank of Cyprus Group CEO Panicos Nicolaou described 2023 as a milestone year for the organisation, as it became the first bank in Cyprus and Greece to secure approval from the ECB to restart dividend payments after 12 years. The dividend of €22.3 million was equivalent to a payout ratio of 14 per cent of the full-year 2022, adjusted recurring profits. Addressing the […]

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Cyprus Business Now: weekly wrap-up

Cyprus Business Now: weekly wrap-up

Here are the top business stories in Cyprus from the week starting May 13: National investment promotion agency Invest Cyprus recently showcased the country’s business and investment credentials in the Middle East, while also highlighting that Cyprus can act as a gateway to the EU for companies looking to expand to Europe. According to an announcement released this […]

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Paphos set to act as a startup hub

Paphos set to act as a startup hub

In a move set to bolster innovation and technological advancement, three dynamic startup ventures, handpicked by the American University of Beirut (AUB) and the Zein AUB Innovation Park, are poised to make Paphos, in southwestern Cyprus, their new home. A delegation representing these firms, together with officials from the AUB, convened with Paphos Mayor Phaedon […]

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Q1 growth rate seen at 3.5%

Q1 growth rate seen at 3.5%

The Cyprus economy’s growth rate in real terms during the first quarter of 2024 is positive and gross domestic product is estimated at 3.5% year-on-year, according to the flash estimate by the Statistics Department Cystat. Based on seasonally and working day adjusted data, GDP growth rate in real terms is estimated at 3.3%. This is […]

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