BANKS Eurobank acquires full control of Hellenic Bank Newsroom Eurobank has taken a significant step in consolidating its presence in Cyprus, announcing the acquisition of a controlling stake in Hellenic Bank, according to a report by Panyiotis Rougalas. READ MORE
Price hike of raw materials affecting developers and construction costs The cost of iron last year was €450 per tonne, while currently, prices are between €1,150 to € 2,000 per tonne. 09/05/2022 | BUSINESS
English will be used in newly established commercial and maritime courts The move will further strengthen commercial activity and shipping in our country, according to Justice Minister Drakos Source: CNA 06/05/2022 | BUSINESS
Mercedes launches first self-driving tech in Germany The S-Class and the all-electric EQS, will soon be able to be ordered with conditional self-driving tech 06/05/2022 | BUSINESS
Lower interest rates on deposits and consumer loans Small increase in mortgage rates, while NPL's increase slightly to 11.7% Source: CNA 05/05/2022 | BUSINESS
#LidlEcoHacks: Lidl Cyprus’ new ecological digital initiative We support the sustainability of our planet by changing our daily habits. 05/05/2022 | BUSINESS
Turn seawater into drinking water with the push of a button MIT researchers have developed a $50 portable desalination unit that uses less power than a cell phone charger 05/05/2022 | BUSINESS
First ever publicly financed equity fund will benefit Cyprus startups Will provide the necessary boost for Cyprus' emerging and promising innovation ecosystem, Minister says Source: CNA 05/05/2022 | BUSINESS
Increasing demand brings direct flights from Athens to Paphos beginning the 25th of July 2022 Aegean will continue these flights twice a week until Ocotber 2022 Source: CNA 03/05/2022 | BUSINESS
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