Hellenic Bank announced that CEO Ioannis Matsis has stepped down after three years in the job at the second largest Cyprus lender and that his employment agreement “has been mutually agreed to be terminated with immediate effect.”

The creation of a Fast Track Business Activation Mechanism for setting up a company in Cyprus by third country nationals was approved today by the Council of Ministers, aiming to attract foreign investment to the island.

The Cyprus Investment Promotion Agency is currently focused on the emergence of Cyprus as the main choice for international technology companies looking to relocate within the European market.

Hiring a new employee is a crucial and difficult decision to make. Bad hires can lead to unwanted costs, high turnover, a decrease in team morale and productivity, and a loss in profits.  Therefore, you will want to identify bad hires before you commit to one candidate.

The state wants to see public higher education institutions attract more foreign students, Education Minister Prodromos Prodromou said on Wednesday after discussing with MPs a government bill to introduce non-Greek language programmes of study in state universities.

The energy sector in Cyprus is changing drastically due to the creation of the energy centre in Vasiliko and the supply of natural gas, President Nikos Anastasiades has said.

There have been significant developments regarding the integration of private oncology centres in the General Healthcare System (GeSY), Andreas Papakonstantinou the director of the Health Insurance Organisation (HIO) announced, speaking to Active and the show “Agenda”.

New business loans in Cyprus recorded a 25.4% drop in July from June while consumer loans and home mortgages increased, according to Central Bank data.

PEPPER has successfully completed its non-performing loan (NPL) servicing contract for the Bank of Cyprus plc, having outperformed market expectations.

Armonia Estates Ltd, a member of the Leptos Group of Companies, was awarded first place among the ten best contractors by the Cyprus Recycling Organisation (OAK) in recognition for the company’s efforts to improving the quality of the human and natural environment.  The company received the “Class A” Gold Environmental Award for using its resources in sustainable and ecological ways.