Invest Cyprus, the agency tasked with promoting investments in Cyprus, on Friday announced that it has successfully concluded a three-day programme titled ‘The Marketing and Partnerships Academy’, which was held from June 11 to 13 in Nicosia. Organised by the ANIMA Investment Network in collaboration with the CYENS Centre of Excellence and Invest Cyprus, the […]
Airplanes arriving in Cyprus were about 85% full in May, with numbers continuing to climb, according to Maria Kouroupi, director of aviation development and communication at Hermes Airports. Kouroupi told the Cyprus News Agency on Friday that about 41,000 passengers are passing through Larnaca and Paphos airports daily. She highlighted that the summer season is […]
Eurobank announced on June 3 the completion of a €275.7 million acquisition of a 26.1% stake (107,694,301 shares) in Hellenic Bank, following regulatory approval. The purchase price was €2.56 per share. With this acquisition, Eurobank now holds a controlling 55.3% stake (228,253,661 shares) in Hellenic Bank. As a result, Eurobank has launched a mandatory public […]
In the exacting field of life sciences, where precision is paramount, Efevre Tech emerges as a leader in innovation. The brainchild of Dimitris Kyriakou, a seasoned molecular biologist with a PhD from the University of Cyprus, Efevre has evolved from a personal mission into a global inspiration for laboratory automation. Indeed, Kyriakou’s academic frustrations with experimental errors […]
Professional associations, who are members of the Cyprus Federation of Employers and Industrialists (Oev), this week met with the newly elected president of the European Committee for Electrotechnical Standardisation (CENELEC), Riccardo Lama. According to an announcement by the federation, the purpose of the meeting, which took place on Wednesday, was to introduce the relevant stakeholders […]
Panagiotis Polydoros, Country Manager of Mastercard for Greece, Cyprus, and Malta, used a press conference held this week in Nicosia to underscore Mastercard’s confidence in Cyprus and its vision for a transition to a digital and sustainable economy. Discussing the Cypriot market, Polydoros highlighted that the growth rate of card usage exceeded 17 per cent […]
European low-cost airline Wizz Air on Thursday announced an increase in flight schedules from its bases in Larnaca, Cluj, and Varna. According to the airline’s announcement, this expansion is set to significantly boost its service offerings, bolstering its position as Europe’s most rapidly growing low-cost carrier. “As part of Wizz Air’s commitment to providing exceptional […]
The Cyprus Securities and Exchange Commission (CySEC) and the Department of Accounting and Finance at the University of Cyprus (UCY) on Thursday jointly launched an educational initiative aimed at enhancing financial literacy among the public, especially young people. According to the announcement, this campaign features citizens who have learned from their financial mistakes and are […]
State-owned asset management company Kedipes on Thursday announced cash inflows of €144 million for the first quarter of 2024, with the company also making a record payment of €140 million to the state, bringing the total repayment of state aid to €1.3 billion. The announcement, made in conjunction with the company’s Q1 2024 management results, […]
The Cyprus Securities and Exchange Commission (CySEC) and the Department of Accounting and Finance of the University of Cyprus (UCY) have jointly undertaken an interesting educational initiative aimed at financial literacy for the public, especially young people. What sets this initiative apart is that the “trainers” will essentially be citizens who have experienced and learned […]
A significant increase of 12.87% was recorded in the Cyprus Stock Exchange (CSE) during May, mainly driven by the rise in financial companies, which accounted for 77.54% of the monthly trading volume. The weight of Bank of Cyprus and Hellenic Bank stocks was particularly notable. According to a monthly review issued by CSE in the latest […]
Cambodia on Monday proposed Spain to consider entering into a bilateral treaty aimed at facilitating investment and strengthen business interaction. Sun Chanthol, Deputy Prime Minister and First Vice-Chairman of the Council for the Development of Cambodia (CDC) told Maria Amparo López Senovilla, Secretary of State of the Ministry of Economy and Competitiveness (MINECO) of Spain […]
Eurobank on Tuesday significantly increased its stake in Hellenic Bank by purchasing 503,934 shares at a total cost of €1.29 million, with transaction taking place on the Cyprus Stock Exchange (CSE). According to an announcement released on Tuesday afternoon, Eurobank noted that the acquisition took place on Monday, with each share bought at a price […]
The Republic of Cyprus and Montenegro this week signed a Memorandum of Understanding (MoU) to mutually recognise the certificates of competency for officers on merchant ships, marking a significant step in their maritime cooperation. The agreement was signed in Limassol during an informal bilateral meeting by Cyprus’ Deputy Minister of Shipping Marina Hadjimanolis, and Montenegro’s […]
The Cyprus Chamber of Commerce and Industry (Keve), in conjunction with the Cyprus-Israel Business Association and the Embassy of Israel, has released a public invitation to a presentation on advanced water technologies from Israel. In addition, the presentation will also explore the application of these technologies in industrial and agricultural contexts. According to the announcement, […]
The average total government employment in Cyprus for the period of January – May 2024 rose by 5.1% to 54,385 persons compared with the respective period of last year, CySTAT has reported. In May 2024 total government employment reached 54,826 persons. According to CySTAT, employment In the Civil Service numbered 12,032 permanent employees, 4,248 employees […]