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1 month ago | 
cyprus-mail.com | Tom Cleaver |Constantinos Psillides |Theo Panayides |Kyriacos Nicolaou
The Bank of Cyprus, along with its subsidiaries, on Monday announced the signing of a binding agreement to acquire 100 per cent of Ethniki Insurance Cyprus Ltd from Ethniki Hellenic General Insurance Company S.A.According to the announcement, the acquisition, valued at €29.5 million in cash, is subject to regulatory approvals and is expected to be completed in the second half of 2025.
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1 month ago | 
cyprus-mail.com | Tom Cleaver |Constantinos Psillides |Theo Panayides |Kyriacos Nicolaou
Despite facing persistent structural challenges, the Cypriot manufacturing industry continues to demonstrate remarkable resilience in the face of international turbulence, according to the Employers and Industrialists Federation (Oev). Moreover, the organisation has stressed that bolstering the sector’s competitiveness through controlling production input costs is essential for unlocking its full potential.
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1 month ago | 
cyprus-mail.com | Tom Cleaver |Constantinos Psillides |Theo Panayides |Gwynne Dyer
I was just idly looking at the casualty numbers the other day, and I noticed that there was something badly wrong with them. This will take a little time and a few stats, but it’s worth staying with it. The number of civilians killed in Ukraine in three years of war, most of them from rockets, bombs and shells but a small proportion by bullets, is 12,605.
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1 month ago | 
cyprus-mail.com | Tom Cleaver |Constantinos Psillides |Theo Panayides |Alix Norman
Eight years ago, on my first day living in Latsia, I lost my credit card!I didn’t know I’d lost it – I’d been scoping my local kiosk, dropped it outside, and driven off in total ignorance. Not five minutes later, as I was pulling into my driveway, I got a call. In the time it had taken me to get home, a passing stranger had noticed my card, picked it up, and handed it in to the police station! ‘I’m going to like Latsia!’ I thought.
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1 month ago | 
cyprus-mail.com | Tom Cleaver |Constantinos Psillides |Theo Panayides |Kyriacos Nicolaou
The Cyprus Investment Funds Association (CIFA) held its Annual General Meeting (AGM) this week, presenting a comprehensive review of the sector’s achievements and outlining strategic priorities for continued growth and competitiveness. In her address, CIFA president Maria Panayiotou attributed the current momentum in the investment funds sector to “vision, consistency and collaboration”.
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1 month ago | 
cyprus-mail.com | Tom Cleaver |Constantinos Psillides |Theo Panayides |Charles Ellinas
In an article in MEES, Peter Stevenson reveals that ExxonMobil’s Electra well in block 5 was unsuccessful. It encountered gas, but not in commercial quantities. There were high expectations that Electra could contain as much as 30tcf gas. The drilling rig will now move to block 10 to drill the Pegasus well, with more moderate expectations.
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1 month ago | 
cyprus-mail.com | Tom Cleaver |Constantinos Psillides |Theo Panayides |Kyriacos Nicolaou
The Bank of Cyprus (BoC) on Friday announced the repurchase of 520,200 of its own ordinary shares between April 4 and April 10, 2025, as part of its ongoing share buyback programme. The transactions were executed on both the Cyprus Stock Exchange (CSE) and the Athens Stock Exchange (ATHEX) through the company’s broker, the Cyprus Investment and Securities Corporation Limited (CISCO). According to the announcement, 84,200 shares were acquired on the CSE and 436,000 on the ATHEX.
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1 month ago | 
cyprus-mail.com | Tom Cleaver |Constantinos Psillides |Theo Panayides |Kyriacos Nicolaou
Eurobank on Friday announced the successful completion of its mandatory public offer to acquire Hellenic Bank, increasing its direct ownership stake to 98.46 per cent of the bank’s issued share capital. The public offer, which concluded on April 9, 2025, resulted in the acquisition of an additional 4.99 per cent of Hellenic Bank shares, adding to the 93.47 per cent already held by Eurobank prior to the offer.
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1 month ago | 
cyprus-mail.com | Tom Cleaver |Constantinos Psillides |Theo Panayides |Kyriacos Nicolaou
The Cyprus Investment Funds Association (CIFA) held its Annual General Meeting (AGM) on Thursday, presenting a comprehensive review of the sector’s achievements and outlining strategic priorities for continued growth and competitiveness. In her address, CIFA president Maria Panayiotou attributed the current momentum in the investment funds sector to “vision, consistency and collaboration”.
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1 month ago | 
cyprus-mail.com | Tom Cleaver |Constantinos Psillides |Theo Panayides |Kyriacos Nicolaou
Limassol Greens, a €400 million residential and tourism development, is gearing up for property handovers and expansion plans within 2025. Described as “a project driven by vision, innovation and clear strategic direction,” by CEO Demos Panayiotou, Limassol Greens aims to become a “fully integrated and sustainable destination, blending premium living, technology, and nature within easy reach of Limassol’s vibrant centre”.
