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 […]
Eurobank on Monday, June 10, purchased an additional 503,934 shares in Hellenic Bank at a total cost of €1.29 million, increasing its stake to 55.42 per cent, with this purchase being made at €2.56 per share. In an announcement released this week, Eurobank S.A., a subsidiary of Eurobank Ergasias Services and Holdings S.A., confirmed the […]
The Cyprus Securities and Exchange Commission (CySEC) on Tuesday announced the official release of its regulatory sandbox, with the presentation of the launch taking place during an online event. In its announcement, the commission said that “this initiative marks a significant milestone in the advancement of financial, regulatory, and supervisory technologies (FinTech, RegTech, and SupTech) in Cyprus”. During […]
The Shipping Deputy Minister to the President, Marina Hadjimanolis, visited Athens between 1-7 June, on the occasion of Cyprus’s participation in the International Maritime Exhibition “Posidonia 2024.” According to a Deputy Ministry press release, within the framework of the exhibition, Hadjimanolis participated in actions and initiatives aimed at promoting Cyprus Shipping and visited the exhibition […]
Hellenic Bank actively supports various initiatives to enhance financial literacy, including the ‘Financial Alphabet’ programme, the final event of which was hosted at the bank’s headquarters in Nicosia. According to a statement released on Monday by Hellenic Bank, the ‘Financial Alphabet’ educational programme was implemented in Cyprus by ActionAid Hellas, with funding from the European […]