41 m. ago Cyprus Business Now: Hellenic Bank, BoC buyback, Ermes, Cyta acquisition, hotels

The Cyprus Stock Exchange (CSE) on Friday ratified the suspension of trading in the shares of Hellenic Bank Public Company Ltd, following a recent meeting of the CSE Council. The ratification was made under Article 184 of the Cyprus Stock Exchange Law and formalises the suspension decision first announced on May 9, 2025. The suspension […]

Economics

5 d. ago Lady’s Mile beach not safe, British bases experts reiterate, source of contamination unclear

New water analyses are to be carried out at Lady’s Mile beach on Monday after high levels of enterococci bacteria were detected in the area’s seawaters over the weekend, prompting warnings to bathers. On Sunday afternoon Deputy Minister of Shipping Marina Hadjimanoli had told media that Ladies’ Mile beach was to be returned to the […]

Politics

5 d. ago Environment Department says no pollution detected in Ladies Mile waters

There is no degradation and therefore no incident of any pollution at Ladies Mile beach in Limassol, the Director of the Environment Department, Theodolos Mesimeris, told CNA on Sunday, when asked to comment on a recent announcement by the British Bases in Akrotiri about possible water pollution in the area. According to Mesimeris, the monitoring […]

Events

6 d. ago Ακατάλληλα για κολύμπι τα νερά του Lady’s Mile. Τι έδειξαν αναλύσεις

Μη ασφαλή επίπεδα εντερόκοκκων στη θαλάσσια περιοχή του Ladies Mile, εντόπισαν οι Βρετανικές Βάσεις

Politics

9 d. ago Cyprus Business Now: Hellenic Bank, Ermes, Tourism, Lady’s Mile

Hellenic Bank on Wednesday announced a reduction in its base interest rate by 0.33 percentage points, from 1.75 per cent to 1.42 per cent, effective from May 16, 2025. “This move will benefit the majority of the bank’s borrowers—more than 90,000—by easing their loan repayment terms,” the bank said. It further stated that this development “actively […]

Economics

2 w. ago Cyprus Business Now: EV subsidies, Paphos investments, ERA sale, Hellenic shares

Trading of Hellenic Bank Public Company Ltd shares will be suspended from Thursday, May 15, 2025, following the exercise of a squeeze-out right by Eurobank S.A. The move comes after the Cyprus Securities and Exchange Commission (CySEC) formally recognised Eurobank’s right to proceed with the compulsory acquisition of up to 100 per cent of Hellenic Bank’s issued […]

Economics

2 w. ago Cyprus Business Now: Hellenic Bank, Eurobank, Inflation, Oev, Rodon Hotel

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 […]

Economics

3 w. ago Cyprus Business Now: Nuclear energy, Hellenic Bank, Oev, CySEC

Nuclear energy continues to play a critical role in the European Union’s energy mix, covering approximately 22.8 per cent of total electricity generation, according to former chairman of the Cyprus Energy Regulatory Authority (CERA) Andreas Poullikkas. In a detailed analysis, Poullikkas stressed that despite divergent national policies, the EU recognises nuclear energy as essential for […]

Economics