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1 week ago | 
cyprus-mail.com | Tom Cleaver |Melissa Hekkers |Alix Norman |Kyriacos Nicolaou
Hellenic Bank on Monday released a statement reaffirming its leadership in sustainability by becoming the first company in Cyprus to voluntarily adopt the Corporate Sustainability Reporting Directive (CSRD) and the European Sustainability Reporting Standards (ESRS). In doing so, the bank explained, it has established “a new benchmark for transparent and comprehensive sustainability reporting”, well ahead of the regulatory deadlines.
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1 week ago | 
cyprus-mail.com | Tom Cleaver |Melissa Hekkers |Alix Norman |Kyriacos Nicolaou
The Girls in STEAM Academy, in collaboration with Cyta, on Monday announced the launch of a new programme titled Etimes (Ready). This new initiative is aimed at supporting young women as they enter the workforce in the fields of science, technology, engineering, arts and mathematics (STEAM). It will support the career development of 25 women through a two-part programme. In June 2025, participants will attend seven professional development workshops.
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1 week ago | 
cyprus-mail.com | Tom Cleaver |Melissa Hekkers |Alix Norman |Kyriacos Nicolaou
The Cyprus Securities and Exchange Commission (CySEC) has issued a new circular reminding Cyprus Investment Fund Managers (CyIFMs) of their obligations regarding the compliance of their websites and marketing communications. The reminder comes as the regulator identified “inconsistencies in website content, inadequate disclosures and deviations from the applicable regulatory framework”.
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2 weeks ago | 
cyprus-mail.com | Tom Cleaver |Constantinos Psillides |Johanna Pauls |Kyriacos Nicolaou
Finance Minister Makis Keravnos, will travel to Warsaw on Thursday, April 10, in order to participate in the Eurogroup meeting and the informal Economic and Financial Affairs Council (Ecofin), which will take place on April 11 and 12. On the morning of Friday, April 11, Keravnos will attend the Eurogroup proceedings.
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2 weeks ago | 
cyprus-mail.com | Tom Cleaver |Constantinos Psillides |Johanna Pauls |Kyriacos Nicolaou
Eurogate Container Terminal Limassol has successfully completed the expansion and upgrade of the yard at the container terminal in the port of Limassol, increasing the facility’s total capacity to approximately 12,000 TEU. According to the company, this move “significantly enhances the terminal’s overall capability and its ability to support Cyprus’ commercial needs”. It also said that “the project marks an important milestone in the company’s broader investment plan”.
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2 weeks ago | 
cyprus-mail.com | Tom Cleaver |Constantinos Psillides |Johanna Pauls |Kyriacos Nicolaou
Cyprus recorded a trade deficit of €1.24 billion during the first two months of 2025, marking an increase of €102.7 million compared to the same period in 2024, according to the state statistical service. It should be noted that this widening of the trade gap occurred despite a significant rise in exports. Specifically, the trade deficit for the period January to February 2025 reached €1.24 billion, compared to €1.14 billion in the corresponding period of 2024.
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1 month ago | 
cyprus-mail.com | Elias Hazou |Eleni Philippou |Charalambos Stylianou |Kyriacos Nicolaou
The Institute of Certified Public Accountants of Cyprus (Selk) has expressed reservations over certain provisions in a set of tax law amendments currently under review by the House finance committee. The changes aim to enable the Republic of Cyprus to recover €43 million withheld by the European Commission due to legislative shortcomings.
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1 month ago | 
cyprus-mail.com | Elias Hazou |Eleni Philippou |Charalambos Stylianou |Kyriacos Nicolaou
Cyprus-based alternative investment fund Cyreit has announced the sale of Irida Tower, a multi-storey commercial building in Larnaca. The fund, a subsidiary of Prodea Investments, said that it is offering the 52-metre-high property to potential buyers. The announcement mentioned that “Irida Tower is one of Larnaca’s most recognised commercial buildings”, primarily housing office spaces.
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1 month ago | 
cyprus-mail.com | Elias Hazou |Eleni Philippou |Charalambos Stylianou |Kyriacos Nicolaou
Cybersecurity has evolved from being a luxury to becoming a strategic priority for organisations, according to Minos Georgakis, Director of Advisory Services at PwC Cyprus. In a recent piece of analysis, he explained that in a world where every business process is now digital, “the responsibility for cybersecurity and data protection cannot rest with a single department or individual”.
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1 month ago | 
cyprus-mail.com | George Kassianos |Alix Norman |Eleni Philippou |Kyriacos Nicolaou
Eurobank Cyprus on Friday announced that it posted a net profit after tax of €214 million in 2024, marking a €14.6 million increase from the previous year, corresponding to a rise of 7.3 per cent. In addition, profit before tax reached €258.7 million, with the announcement stating that the results “reaffirm the bank’s sound performance and resilience”.
