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1. Alpha Bank CEO eyes expansion in Romania

Alpha Bank chief executive officer Vassilis Psaltis pointed to further expansion and acquisitions in Romania in a joint interview with the CEO of Italian bank UniCredit, Andrea Orcel for Bloomberg....

2. Dr. Cameron Hepburn leads charge at Green Agenda Cyprus Summit

Cameron Hepburn is the Battcock Professor of Environmental Economics at the Smith School of Enterprise and the Environment at Oxford. He is also the program......

3. Greek and Cypriot banks forge partnerships for regional infrastructure projects

The Cypriot banking sector is poised to support significant projects with regional geopolitical implications....

4. Eurobank eyes support for internet cable connecting Europe and Asia

Eurobank, initially hesitant about financing the East to Med Data Corridor (EMC) cable system, is now contemplating entering the second round of funding for the mega project....

5. Cyprus emerges as key hub for EMC project with $300 Million Funding

The EMC cable aims to connect Europe with Saudi Arabia, with construction slated to begin in the summer of 2024...

6. Honoring excellence at the Bank of Cyprus Man of the Year awards 2023

Historian Thucydides stated, ''Excellent are those whose morale is not shaken by calamities, those who show the greatest determination in action.''...

7. Banks eye over 1 billion euro profits in 2023

Cypriot banks, including the Greek bank, are poised to rake in substantial profits for 2023, benefitting from the European Central Bank's interest rate hikes....

8. Central Bank's remote ID project to take off

The Central Bank of Cyprus (CBC) has officially announced that it has signed an agreement to start the Digital On-boarding project for remote customer identification. The agreement was signed between the CBC and the appointed consortium....

9. This is the program for the Digital Agenda Cyprus Summit 2023

31 prominent figures will present and discuss contemporary issues and trends in technology, communication, energy, sustainable development, entertainment, automotive, and work....

10. What's in store at the 6th Digital Agenda Cyprus Summit tomorrow?

Nicosia is embracing a new identity as it transforms into a global educational and technological hub, thanks to the upcoming 6th Digital Agenda Cyprus Summit in 2023....

11. Borrowers in a high-stakes game of loan roulette

In 2023, borrowers face a pivotal year, primarily due to the soaring levels of inflation, rising prices, and increasing interest rates. This year also carries significant importance for banks, not in terms of profits, ...

12. Techisland powers up Digital Agenda Cyprus Summit

The Digital Agenda Cyprus Summit is delighted to announce its collaboration with "Techisland" as the primary sponsor of the "Alpha Stage" platform, whose objective is to promote startups in Cyprus and the wider region....

13. Banking on success: Greek and Cypriot banks show remarkable credit improvement

Fitch Ratings released a new report on Monday stating that the credit profiles of Greek and Cypriot banks have significantly improved over the past year due to de-risking and restructuring....

14. Interest rate increases boost Cypriot banks' 2022 profits to €177 million

Bank of Cyprus and Hellenic Bank generated a combined profit of €164.7 Million in Q1 2023, Driven by interest rate increases....

15. MPs move forward with divestment changes

MPs are displaying a resolute determination to press ahead with crucial changes to the divestment framework before the parliamentary summer recess....

16. Cypriot banks dump Russian client accounts

Russian nationals in the Republic of Cyprus are facing bank account closures as the island’s financial institutions are choosing to axe client accounts to avoid sanction violation risks, but some fear an indiscriminate sweep may affect innocent customers...

17. Greek banks freeze mortgage installments for 12 Months

Eurobank, Piraeus and Alpha Bank have announced that they will be keeping mortgage installments at their current levels for 12 months. As pledged by the first two banks, the baseline rates of serviced mortgage loans will remain at the levels they were on March 31, 2023, minus 20 basis points, for 12 months, starting in May. National Bank is expected to follow suit....

18. Alpha Bank Cyprus Ltd: Mr. Miltos Michaelas as new CEO

The Board of Directors of Alpha Bank Cyprus Ltd, decided on the appointment of Mr. Miltos Michaelas to the position of CEO of Alpha Bank Cyprus Ltd....

19. Marios Georgiou named Man of the Year 2022

Marios Georgiou was named Man of the Year at the 21st annual Bank of Cyprus - Man of the Year Awards 2022 held at the Parklane Hotel in Limassol last night, Wednesday, November 16th, in the presence of the President of the Republic of Cyprus, Mr. Nicos Anastasiades. ...

20. 1091 attendees at the Digital Agenda Cyprus Summit 2022

The fifth Digital Agenda Cyprus Summit was a resounding success. On Monday, October 17, 1091 delegates attended the conference, filling the Nicosia Municipal Theatre to capacity despite the continuous rain. ...

21. Banking sector to cut 600 more employees

The number of employees in the Cypriot banking sector will have been reduced further by the end of 2022. By the end of this year, 600 bank employees will have left the company, while about 50 will have been transferred to a similar but non-banking sector....

22. Yiorkio finds patron after years of rejection

Nicosia’s abandoned luxury hotel Yiorkio Residence has been sold to a group focusing on upscale living, with reports saying the bidder is shelling out €20 million to acquire one of Cyprus’ real estate puzzles...

23. EIB ready to offer funding to mitigate effects of Ukrainian war on Cyprus

New investment opportunities in Cyprus, as well as funding to mitigate the effects of the war in Ukraine, were discussed on Monday by President Nicos Anastasiadis, Finance Minister Constantinos Petridis and European Investment Bank (EIB) President Werner Hoyer. ...

24. Alpha bank group sells €2.4 billion NPL and real estate portfolio in Cyprus

Alpha Services and Holdings S.A. (together with its subsidiaries) has reached an agreement with an affiliate of Cerberus Capital Management, L.P. for the sale of a portfolio of Cypriot non-performing loans and real estate properties of a total gross book value of 2.4 billion euro....

25. Moves to make banking faster

As part of the strategy to create faster, more flexible and efficient banking services, the Governor of the Central Bank of Cyprus (CBC), Mr. Konstantinos Herodotou,...

26. ALPHAMEGA VIRTUAL RUN AS ONE 2021: Registration is now open!

The most fun running event of Cyprus returns for a second year in a row with a virtual edition, which allows us to run for our kids from every part of Cyprus! This year, ALPHAMEGA VIRTUAL RUN AS ONE 2021 will be held between 22 and 31 October 2021....

27. New chapter in store for old Orphanides mall

The Bank of Cyprus is reportedly sounding out the government on a potential mega deal in west Nicosia, with ideas thrown around for the old Orphanides Mall to become a business centre or a medical facility...

28. Coronavirus derails southern Europe's clean-up from the last crisis

This year was meant to mark a turning point for Greek and Italian banks as they finally laid the ghosts of the financial crisis to rest. Then the coronavirus struck....

29. President: Unnecessary travel strictly prohibited, violators to be fined

Addressing the nation on Monday night for the second time since the coronavirus pandemic broke out in Cyprus in early March, President Nicos Anastasiades announced that all unnecessary travel will be banned as of 6pm on Tuesday until April 13....

30. Alpha Bank supports Cyprus Association of Kidney Patients’ Friends