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.
Trade unions have raised concerns over electrical safety at Ercan Airport due to recent explosions. The lack of a regular current system and the need for qualified personnel to handle equipment have been highlighted as key issues that need urgent attention to ensure the safety of employees and passengers.
Agriculture Minister Maria Panayiotou reaffirmed the government’s commitment to supporting and modernizing agriculture by 2028. Plans include securing fair incomes, enhancing food security, and providing financial assistance to farmers facing high production costs, all while investing in infrastructure and promoting innovative farming techniques.
