Hellenic Bank on Thursday announced that it has entered into exclusive negotiations and a put option with CNP Assurances for the acquisition of its subsidiary CNP Cyprus Insurance Holdings Limited, which operates in Cyprus and Greece. CNP Cyprus Insurance Holdings Limited consists of CNP Cyprialife Ltd, CNP Asfalistiki Ltd, CNP Zois SA and CNP Cyprus Properties […]
External reasons, combined with Cyprus’ economic conditions, are affecting both local and international demand in the local property sector, according to Michalis Tsangarides, director of Delfi Partners, who noted that foreign investors continue to sustain the market domestically. In a recent analysis piece, Tsangarides noted that during the first quarter of 2024, the market showed varied […]
The Paphos Regional Board of Tourism (Etap) is participating in the SMARTIES for SMEs project under the COSME programme, which is aimed at enhancing competitiveness in the tourism sector by building skills. This initiative provides a unique opportunity for small and medium-sized enterprises (SMEs) to undergo both green and digital transitions, thereby fostering innovation, resilience, and sustainability while improving […]
The Cyprus Stock Exchange (CSE) this week announced its acceptance of the introduction of government bonds to the market, in accordance with Article 58(1) of the Cyprus Securities and Stock Exchange Law. According to the announcement, these bonds, totalling €25 million, have emerged from an auction held on April 22, 2024. Moreover, in its statement, the exchange noted that it […]
The Bank of Cyprus on Thursday announced new stock acquisitions, having obtained a number of ordinary shares worth €0.10 each from its appointed trader, the Cyprus Investment and Securities Corporation (CISCO), earlier this week. Specifically, 26,132 shares were acquired on the London Stock Exchange (LSE) at an average purchase price of £3.27 and 10,800 shares on the Cyprus Stock […]
The number one problem that Cyprus is facing in relation to its future is addressing the challenges arising from energy, in relation to the great goal of strengthening the resilience and competitiveness of the Cypriot economy, President Nikos Christodoulides has said. Addressing a HELLENiQ ENERGY event on the evening of 24 April where the opening […]
The accord forged by the Cypriot Ministry of Labor alongside employer and trade union representatives to tackle workforce shortages, especially prevalent during the summer months, seems poised to confront a long-standing challenge head-on. The downsizing of hotels and tourism enterprises has taken a toll on the quality of services rendered. Minister Yiannis Panayiotou has joined […]
Fish processing enterprise Home Taste Food exported its first batch of processed fish to Australia, becoming the first Cambodian firm to export fish products to a foreign market. Sim Sereyroth, Founder of Home Taste Food based in Siem Reap province, told Khmer Times that 4.7 tonnes of fish products have been exported and soon they […]
China’s Shaolin Kung Fu martial artists and Cambodian Bokator martial artists jointly performed “When Shaolin Meets Bokator” on Wednesday at the famed Angkor Archaeological Park, attracting crowds of spectators. Held at the northern part of Bayon Temple in the complex of the Angkor Archaeological Park in Siem Reap province, the event was part of joint […]
Revenue from Cambodia-based furniture production and trade has the potential to increase tenfold by 2033, expected to reach a total market value of $1.484 billion, according to a new ‘Research and Markets’ report published on Yahoo Finance this month. The report, entitled the ‘Cambodia Furniture Industry Research Report, 2013-2022 & 2023-2033’, surveys past and present […]
The Council for the Development of Cambodia (CDC) in collaboration with the National Development and Reform Commission of China (NDRC) discussed ways to establish the Industrial and Technological Corridor (ITC) to ensure a positive impact on the Kingdom’s socio-economic development. Suon Sophal, Deputy Secretary General of the Cambodian Investment Board of CDC on Wednesday organised […]
Cambodia exported 69,322 tons of dry rubber in the first quarter of 2024, an increase of 5.1 percent from 65,921 tons in the same period 2023, said a General Directorate of Rubber report on Thursday. The country made $100.5 million in revenue from exports of the commodity during the January-March period this year, up 8 […]
Reflect Festival, the premier tech & entrepreneurship event is back in Limassol for its 7th edition on May 30-31, hosted at Kolla Factory. As part of this event, ReflectX offers a dedicated startup program supporting ventures from Seed to Series A, providing unparalleled access, connections, and visibility. This year, CAPSBOLD joins as Reflect Festival’s official marketing […]
Hellenic Bank is reportedly on the verge of finalising a deal with French insurer CNP Assurances to acquire its insurance operations in Cyprus, it emerged on Wednesday. Citing sources within the market, the Cyprus News Agency (CNA) said that the agreement may be sealed as early as the end of this week. The acquisition is expected to […]
The 25th edition of the Travel Expo Cyprus, held from April 19th to 21st at the Cyprus state fair grounds, welcomed more than 10,000 visitors, both local and international, who were keen to explore the array of travel packages on offer. Organised by the Association of Cyprus Travel Agents (ACTA) and Display Art Plc, the exhibition proved to be a […]
London-based investment fund Helikon Investments Limited has raised its stake in the Bank of Cyprus, according to an announcement by the bank. The Italian investment fund disclosed that its voting rights, corresponding to shares in the bank, now amount to 4.04 per cent of the share capital, up from the previous 2.04 per cent. Bank […]