The transformation of banks’ business model towards digitalisation and their profitability enhancement by rationalising their cost structure, while closely monitoring the underlying risks of this transformation, are the main banking sector challenges according to the Governor of the Central Bank of Cyprus Constantinos Herodotou.

Alpha Services and Holdings S.A. (together with its subsidiaries) has reached an agreement with an affiliate of Cerberus Capital Management, L.P. for the sale of a portfolio of Cypriot non-performing loans and real estate properties of a total gross book value of €2.4 billion.

We are delighted to announce that Resitour! Holiday Residences, a member of the Leptos Group, has received three international Traveller Review Awards for 2022 by Booking.com – the world’s leading digital travel company.

The European Commission predicts a 4.1% increase for the real GDP of Cyprus in 2022 and a 3.5% increase in 2023, in its Winter 2022 Economic Forecast which was published on Thursday.

Cyprus’ foreign trade showed signs of recovery in the final two months of 2021, with exports hitting €702.7 million in value during that time, while total exports surpassed €3 billion for the entire year.

Gesy’s expenditure in 2021 was €1.21 billion, with all indications that this would be covered by revenue, a senior health insurance organisation (HIO) official told the Cyprus News Agency on Thursday.

Science and technology cooperation between Cyprus and the U.S. got closer on Friday with the signing of the first ten-year bilateral agreement that aims to bolster innovation and job creation, especially in areas of public health and climate change.

As a leading maritime nation, Cyprus feels responsible to accelerate the transition of shipping to a low carbon and climate-resilient industry, President Nicos Anastasiades said on Friday, addressing the One Ocean Summit taking place in Brest, under the aegis of the EU French Presidency.

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As the world enters a new phase in the global COVID-19 pandemic, the majority of CEOs are ready to accelerate plans for investment and mergers and acquisitions (M&A) in their pursuit for growth. These findings come from the inaugural EY 2022 CEO Outlook Survey, which recorded the views of more than 2,000 CEOs across the globe on their prospects, challenges and opportunities.