Hellenic Bank posts €383 million profit for 2024 — Eurobank merger imminent

Hellenic Bank posts €383 million profit for 2024 — Eurobank merger imminent

Hellenic Bank on Thursday reported a net profit of €383 million for the full year 2024, highlighting its strong financial performance and solid capital position. “2024 was a landmark year for Hellenic Bank in terms of financial performance and ownership structure,” said chief executive officer Michalis Louis. “The bank achieved strong financial performance in 2024 with a net profit of €383 million, up […]

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Famagusta tourism campaign exceeds expectations

Famagusta tourism campaign exceeds expectations

The Famagusta branch of the Cyprus Hoteliers Association (Pasyxe) together with the local tourism board (Etap), celebrated the successful conclusion of their online campaign ‘Live Unforgettable Moments’. The campaign, which ran from April until the end of October 2024, has been deemed as “a major success”, reaching over 4.5 million unique users and marking a significant first in […]

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Cyprus becomes EU’s fastest-growing startup hub in 2024 rankings

Cyprus becomes EU’s fastest-growing startup hub in 2024 rankings

Limassol named top startup city in Southern Europe Cyprus has leapt nine places in the 2024 StartupBlink Ecosystem Index, marking it as the fastest-growing startup ecosystem within the European Union, the Research and Innovation Foundation (RIF) has reported. According to the RIF, this jump showcases Cyprus’ rising prominence in this space, especially among countries with populations under 2 million, […]

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[Webinar] Unlocking Trade & Investment in ASEAN: Economic Priorities Under Malaysia’s 2025 Chairship

[Webinar] Unlocking Trade & Investment in ASEAN: Economic Priorities Under Malaysia’s 2025 Chairship

Time & Location Mar 04, 2025, 10:00 a.m. – 11:00 a.m. GMT+8 Webinar Event Details Introduction  In 2025, Malaysia assumes the ASEAN Chairmanship under the theme of “Inclusivity and Sustainability”, reflecting its vision for regional growth and equitable progress. Concurrently, Malaysia will also lead the ASEAN Business Advisory Council (ASEAN-BAC), the apex private sector organization […]

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Cambodia highlights need to preserve peace in ASEAN amid geopolitical tensions

Cambodia highlights need to preserve peace in ASEAN amid geopolitical tensions

Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation Prak Sokhonn highlighted the significance of preserving the region’s peace, referencing the Myanmar case, amid rapid, unpredictable, and often perilous changes driven by escalating geopolitical tensions. “Over the past five decades, ASEAN has stood as a beacon of peace, stability, and prosperity,” he said. […]

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Vast potential in Cyprus industry yet to be tapped, says Christodoulides

Vast potential in Cyprus industry yet to be tapped, says Christodoulides

President Nikos Christodoulides this week said that Cyprus’ industrial sector’s “vast potential” has yet to be fully exploited. Speaking at the official dinner of the Agios Athanasios Industrialists’ Association in Limassol on Tuesday evening, Christodoulides said that the government is revising its industrial policy, focusing on internationalisation and expanding Cyprus’ industrial presence abroad. Addressing attendees, including Transport Minister Alexis Vafeades, […]

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Cyprus tech firm Aloha Browser thrives under EU regulation

Cyprus tech firm Aloha Browser thrives under EU regulation

DMA spurs 15-fold growth Cyprus-based Aloha Browser on Wednesday reported an impressive surge in European downloads, experiencing up to 15-fold growth in the year following the implementation of the EU’s Digital Markets Act (DMA). Founder of Aloha Browser, Andrew Frost Moroz, attributed the company’s rapid growth to both regulatory changes and Cyprus’ conducive business environment. “Cyprus’ progressive business environment […]

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Strengthening Economic Ties: EU Honorary Consuls Engage with Cambodian Finance Ministry

Strengthening Economic Ties: EU Honorary Consuls Engage with Cambodian Finance Ministry

A productive discussion aimed at enhancing trade and economic relations among Cambodia, European member states, and Mexico took place as H.E. Ros Seilava, Secretary of State and Secretary-General of the General Secretariat for the Steering Committee of Public Financial Management Reform of the Ministry of Economy and Finance, H.E. Houl Bonnaroth, Director General of the […]

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Cambodia, Denmark strengthen diplomatic ties, explore maritime transport development

Cambodia, Denmark strengthen diplomatic ties, explore maritime transport development

Cambodia and Denmark have reaffirmed their commitment to strengthening and expanding diplomatic relations, with a particular focus on maritime transport and port development. This was highlighted during a courtesy meeting and working discussion yesterday at the CDC’s office between Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of […]

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