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1 month ago | 
cyprus-mail.com | Charalambos Stylianou |Elias Hazou |Tom Cleaver |Kyriacos Nicolaou
More than 1,700 students across Cyprus have participated in financial literacy lectures delivered by the Cyprus Securities and Exchange Commission (CySEC), according to an official statement from the commission. The initiative, part of Global Money Week 2025, concluded its most recent series of lectures with strong engagement and widespread participation in both primary and secondary schools.
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1 month ago | 
cyprus-mail.com | Charalambos Stylianou |Elias Hazou |Tom Cleaver |Kyriacos Nicolaou
UniCredit has signed a derivatives agreement that paves the way for it to nearly double its stake in Greece’s Alpha Bank, increasing its shareholding to close to 20 per cent. In a statement issued on Wednesday, the Italian banking group confirmed it will seek supervisory approval to surpass the 10 per cent threshold and potentially raise its holding to as much as 29.9 per cent.
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1 month ago | 
cyprus-mail.com | Theo Panayides |Alix Norman |Tom Cleaver |Kyriacos Nicolaou
The Paphos Chamber of Commerce and Industry (Evep) has called for “urgent and coordinated” state support to implement major infrastructure projects and advance the strategic development of the city and district. It also highlighted the need for new value-added initiatives to “secure Paphos’ long-term growth and competitiveness“.
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1 month ago | 
cyprus-mail.com | Theo Panayides |Alix Norman |Tom Cleaver |Kyriacos Nicolaou
The Motor Vehicle Importers and Electric Vehicle Association (Semio) this week issued an urgent appeal to the Transport Ministry, requesting immediate action to resolve the ongoing problems surrounding electric vehicle (EV) subsidies. In an official statement, Semio warned that any further delay in addressing the issue would worsen the financial situation of its members and escalate consumer frustration.
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1 month ago | 
cyprus-mail.com | Theo Panayides |Alix Norman |Tom Cleaver |Kyriacos Nicolaou
The Cyprus Securities and Exchange Commission (CySEC) this week announced that The Three Tuns Capital RAIF F.C.I.C. PLC, a Registered Alternative Investment Fund (RAIF), is undergoing a formal process of dissolution and liquidation. The RAIF is managed externally by MFO Asset Management Ltd, which informed CySEC of this development in accordance with article 138(7)(a) of the Alternative Investment Funds Law of 2018. The fund is officially registered under Registration Number RAIF143.
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1 month ago | 
cyprus-mail.com | Theo Panayides |Alix Norman |Tom Cleaver |Kyriacos Nicolaou
The Cyprus Securities and Exchange Commission (CySEC) on Thursday approved Eurobank’s request to exercise the squeeze-out right to acquire 100 per cent of Hellenic Bank’s shares. The offer price for the remaining shares has been set at €4.843 per share, payable in cash.
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1 month ago | 
cyprus-mail.com | Theo Panayides |Alix Norman |Tom Cleaver |Kyriacos Nicolaou
Two-thirds of new hires lack the necessary experience for their roles, according to Deloitte’s 2025 Global Human Capital Trends report. The global survey, shared by Deloitte Cyprus on Thursday, found that 66 per cent of managers and executives say most recent hires are not fully prepared, with a lack of experience cited as the most common shortcoming. This insight is part of a broader set of findings from nearly 10,000 business and human resources leaders across 93 countries.
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1 month ago | 
cyprus-mail.com | Theo Panayides |Alix Norman |Tom Cleaver |Kyriacos Nicolaou
Hellenic Bank on Thursday reported a profit of €45 million for the first quarter of 2025, with the bank saying that this underscores the strength of its business model. Moreover, the bank stated that the latest results reflect its solid capital position. It reported a pro forma Common Equity Tier 1 (CET1) ratio of 32.38 per cent and a pro forma Total Capital Adequacy Ratio of 36.28 per cent, both significantly exceeding regulatory requirements.
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1 month ago | 
cyprus-mail.com | Theo Panayides |Alix Norman |Tom Cleaver |Kyriacos Nicolaou
The Cyprus Consumers Association has issued a warning about fraudulent investment schemes that promise very high profits in an extremely short period, including claims of significant earnings within a single day. In its announcement, the association explained that these fraudulent programmes typically require individuals to deposit a minimum amount of around €250.
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1 month ago | 
cyprus-mail.com | Theo Panayides |Alix Norman |Tom Cleaver |Kyriacos Nicolaou
Cyprus will inaugurate its new business service centre on May 26, a day after the launch of the Brain Gain campaign in London, aimed to attract talented Cypriots back to the island, president Nikos Christodoulides announced.
