Eurobank has acquired a majority stake in Hellenic Bank, securing 55.3% ownership in Cyprus’s financial sector. This move reflects Eurobank’s strategic expansion plans and regulatory compliance, paving the way for potential increased influence without minority shareholder constraints.
The recent recall of hazardous toys on an ecommerce platform underscores the importance of safeguarding children’s safety. Consumers are urged to check the product safety alerts section on the website and follow the guidance provided to ensure a safe environment for children to play.
The construction project at Makarios Children’s Hospital has sparked concerns among parents and healthcare workers about potential health risks to immunocompromised patients. The Cyprus Paediatric Society has warned of the high mortality rate associated with nosocomial infections during construction, prompting the need for stringent protective measures to be put in place.
The FM of Cyprus, Constantinos Kombos, is in Egypt to bolster ties, examine regional issues, and deepen diplomatic relations. Discussions with Egyptian officials and the Arab League Secretary General will cover energy, security, trade, and stability in the Middle East, potentially paving the way for future collaborations and initiatives.
Environmental neglect in Cyprus has led to unauthorized construction within protected areas, violation of the European Habitats Directive, and a disregard for environmental laws. This compromises biodiversity protection, threatens ecosystem integrity, and puts the country at risk of failing European environmental standards.
Deloitte Cyprus has added new partners to its leadership Yiannis Ioannides for cybersecurity, Andreas Yiouselli for corporate governance, and Panayiotis Marinou for tax advisory enhancing the firm’s capabilities. These promotions signify Deloitte’s commitment to staying ahead of market demands and providing topnotch services to clients in a rapidly changing business landscape.
The Committee for the Protection of Persons with Mental Disabilities in Cyprus is spearheading efforts to ensure voting accessibility for individuals with disabilities. Their advocacy includes pushing for legal reforms, eliminating physical barriers at polling stations, and translating political language to be more understandable, all in a bid to create a more inclusive democracy for all citizens.
The Cyprus government will provide €3 million to support the operations of 30 new community clusters after the elections, easing the financial burden on residents and ensuring a smooth transition in local governance reforms. President Andreas Kitromilides and government officials are working together to address legislative changes, staffing solutions, and the overall future of these clusters, signaling a significant step toward empowering communities and enhancing services for residents.
Eurobank has acquired a majority stake in Hellenic Bank, making a significant move in the Cypriot banking sector with a €275.7 million investment. This strategic purchase of 55.3% stake demonstrates Eurobank’s commitment to the growth potential of Hellenic Bank and its longterm investment in Cyprus’s financial landscape.
The National Cybersecurity Coordination Centre (NCCCY) is taking charge to bolster the country’s cyber defenses by enhancing digital infrastructure resilience and safeguarding key infrastructures. With a focus on education and support initiatives, the NCCCY aims to address the human element of cyber threats, especially for small and mediumsized businesses, to elevate the national economy’s cybersecurity posture.
