Fitch Ratings upgraded Hellenic Bank to ‘BBB’ from ‘BB+’, reflecting improved creditworthiness and stable outlook. Strong support from main shareholder Eurobank Ergasias SA and effective management of nonperforming loans contributed to the positive change in rating, indicating confidence in the bank’s future performance.
Layan Haj Taha, a 17yearold Syrian teen, has been missing from Limassol since July 1, 2024. Standing at 1.60 meters with shoulderlength black hair, authorities are urging the public to come forward with any information by contacting Limassol CID at 25805057 or the citizen’s hotline at 1460. Vigilance from all community members is essential in the search for Layan.
Authorities are ramping up efforts to uncover a pyramid scheme that has left victims in financial distress. The deceptive model thrives on recruiting new members for promised high returns, ultimately collapsing under the weight of saturation, causing significant losses for participants.
Amid a worsening drought crisis, stricter water conservation measures are being implemented, with penalties now enforced for wasteful practices like yard spraying and car washing. Residents are urged to report any water misuse, as efforts to save our dwindling water resources are emphasized as a crucial lifestyle change.
The quick actions of a police cadet and a cement mixer driver in Parekklisia, Cyprus, prevented a potential wildfire disaster, showcasing the importance of community vigilance in averting ecological damage. Their collaboration not only extinguished the flames promptly but also led to the arrest of a suspect, highlighting the everyday heroism that contributes to public safety and environmental protection.
The USCyprus strategic dialogue signifies a historic milestone in diplomatic relations, setting the stage for future collaborations and partnerships in peace and stability in the Eastern Mediterranean. President Nikos Christodoulides and US Ambassador Julie Fisher’s commitment to deepening ties paves the way for shared goals and strengthened bonds between the two nations in the years to come.
Eurobank has proposed to acquire full ownership of Hellenic Bank, aiming to buy out all shares and potentially delist the bank from the Cyprus Stock Exchange. This strategic move could reshape the banking sector, solidifying Eurobank’s market position.
The proposed legislation in Cyprus would divert funds from increased betting taxes to aid football clubs owing €32.2 million in tax debts. This controversial bill could set a dangerous precedent by using public money to absolve these clubs of their financial irresponsibility, potentially undermining accountability and burdening taxpayers.
A privacy breach on social media involving kindergarteners sparks outrage, violating GDPR regulations and raising concerns about data protection for children. The incident highlights the necessity of responsible social media use and stringent data protection measures to safeguard children’s privacy rights.
Cyprus plays a crucial role in Middle East conflicts, offering safe haven and aid through initiatives like the ‘Estia’ action plan and the Amalthea aid corridor to Gaza amid rising tensions. While navigating diplomatic complexities and logistical challenges, Cyprus maintains neutrality and actively promotes regional peace and humanitarian efforts amidst the turmoil.
