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finance innovation

Bank of Cyprus Seizes Prestigious EMEA Finance Award

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The Bank of Cyprus received the prestigious ‘Best Financial Institution Bond in Southeastern Europe’ award at the EMEA Finance’s 2023 Achievement Awards for its innovative €220 million AT1 bond issuance, highlighting its strong position in the financial industry. CEO Panicos Nicolaou’s leadership has been instrumental in the bank’s growth and stability, making it a cornerstone of the Cypriot economy as it celebrates 125 years of operation in 2024.

maritime sector cyprus

Cyprus Shipping Registry Thrives Amidst Global Adversity

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Cyprus’s maritime sector defies global challenges with a 5.5% fleet growth and increased company registrations, showcasing confidence in its shipping registry. Strategic initiatives, innovative measures like the OneStop Shop, and incentives for ecofriendly practices position Cyprus as a resilient maritime hub amidst turbulent waters.

real estate cyprus

The Cyprus Real Estate Industry: A Booming Market

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The Cyprus real estate market is booming, attracting investors with its scenic beauty, strategic location, and diverse range of properties. With a favorable investment climate and a citizenshipbyinvestment program, the market offers something for everyone, from luxury beachfront villas to sustainable urban developments.

economy support measures

Borrowers Association Welcomes Extension of Support Measures

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The Cyprus Borrowers Association hails the government’s extension of support measures to ease economic strain on households and businesses, focusing on cutting lending rates and reducing nonperforming loans. Finance Minister Makis Keravnos anticipates progress by bridging the gap between deposit and loan rates, aiming to boost economic activity and alleviate financial burdens on Cypriots.

maritime rights mediterranean tensions

Turkish anti-navtex challenges Cyprus

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Turkey’s antinavtex challenges Cyprus’s authority in the Mediterranean, sparking tensions over maritime rights and territorial claims. This dispute reflects broader geopolitical struggles for control over valuable resources and strategic waters in the region.

artistic innovation human connection

Exploring the Essence of Humanity: The Artistic Journey of Michalis Charalambous

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Exploring the Essence of Humanity: The Artistic Journey of Michalis Charalambous Michalis Charalambous’ exhibition “Love, Death, and Meta” at the Cyprus Museum in Nicosia merges virtual reality with physical artworks, delving into human nature and connectivity in the digital era, redefining interactions through augmented reality. This immersive experience invites contemplation on love, mortality, and digital realms, intertwining classical art forms with cuttingedge technology in a mesmerizing fusion of the past and present.

cyprus banking sector foreign shareholders

Cyprus Banking Sector in the Spotlight Amidst Potential Stake Sale

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The Cyprus banking sector is in the spotlight with major shareholders AB CarVal Investors and Caius Capital considering a potential stake sale of their 14.65% in the Bank of Cyprus, signaling post2013 financial crisis recovery with strong capital adequacy. Experts at the Cyprus International Business Association Forum discussed the implications of foreign shareholders in the banking sector, emphasizing the need for strategic decisionmaking amidst a changing economic landscape influenced by global events like the upcoming U.S. presidential elections.

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