Hellenic Bank to complete CNP deal by early 2025

Hellenic Bank to complete CNP deal by early 2025

Hellenic Bank is expected to finalise its acquisition of CNP Cyprus Insurance Holdings Limited by the first quarter of 2025. The deal, valued at €182 million, is still pending regulatory approvals, according to preliminary results released by the bank. On November 28, 2024, the bank confirmed that the Cyprus Competition Commission had approved the transaction […]

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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 February 24: Natural gas production from Block 6 of Cyprus’ Exclusive Economic Zone (EEZ) could commence within 2 to 2.5 years, according to Constantinos Hadjistassou, Professor at the School of Sciences and Engineering, Department of Engineering at the University of Nicosia. He described […]

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Hellenic Bank to complete CNP deal by early 2025

Hellenic Bank to complete CNP deal by early 2025

Hellenic Bank is expected to finalise its acquisition of CNP Cyprus Insurance Holdings Limited by the first quarter of 2025. The deal, valued at €182 million, is still pending regulatory approvals, according to preliminary results released by the bank. On November 28, 2024, the bank confirmed that the Cyprus Competition Commission had approved the transaction […]

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Cool down at the Pich Chenda waterfall

Cool down at the Pich Chenda waterfall

The Pich Chenda Waterfall in Battambang province boasts its all-year-round cool ambiance and the waterfall attracts more visitors during the dry season as the temperature increases, especially for the Khmer New Year in April. Muth Vicheka, a resident of Battambang city, said that he and his family and friends visited the waterfall for the second […]

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Cambodia shifts focus to high-tech industries amid strong economic growth

Cambodia shifts focus to high-tech industries amid strong economic growth

The Cambodian government is prioritizing the diversification of its industrial sector by transitioning from labour-intensive industries to knowledge-based and high-tech industries. With a 15.7 percent export growth in 2024, the government is positioning Cambodia as a regional production hub. The economy is projected to achieve a growth rate of approximately 6 percent of GDP in […]

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Energy giant lauds Kingdom’s favourable investment climate

Energy giant lauds Kingdom’s favourable investment climate

Prime Minister Hun Manet (right) greets Mehmet Celepoglu, Executive Vice President for Oceania and Southeast Asia, TotalEnergies, at the Peace Palace in Phnom Penh, on Wednesday. KT/Tep Sony A multinational energy company with a global presence in various energy sectors, Wednesday praised the Royal Government of Cambodia’s (RGC) efforts in reforming tax policies and promoting transparency […]

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Inspired Living & Working by Tor Properties

Inspired Living & Working by Tor Properties

Tor Properties is transforming real estate in Cyprus by creating exceptional projects in prime locations. With a focus on modern comfort and convenience, each project is designed to offer a contemporary lifestyle complemented by superior facilities. Through innovation and thoughtful planning, Tor Properties delivers both practicality and premium living and working, contributing to vibrant, well-connected communities. Shinko Residences: […]

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