The statement, which was released after an extraordinary general meeting held on Thursday, mentioned that the total consideration to be paid by Eurobank S.A. is estimated at €426.5 million.
The meeting saw the attendance of seven shareholders, either in person or by proxy, representing 77,116,064 ordinary shares, which account for 38.56 per cent of the company’s total issued and paid-up share capital.
The shareholders unanimously approved the resolution to dispose of the company’s holdings in Hellenic Bank’s share capital.
Hermes Airports CEO Eleni Kaloyirou on Friday said that Cyprus needs to adapt to evolving travel trends and transportation demands, particularly as climate change and shifting traveller preferences reshape the global tourism landscape.
Speaking at the “Beyond Sea and Sun: Transforming Cyprus into a Year-Round Destination” conference held in Nicosia, Kaloyirou highlighted the increasing demand for authentic, slower-paced travel experiences, contrasting with the appeal of traditionally popular destinations.
Kaloyirou explained that, in the context of broader global changes, shifts are also being observed in the dynamics and preferences of travellers.
She identified climate change as one of the most significant factors, noting that southern European countries are expected to become less appealing during the peak summer months due to rising temperatures.
The payments, effective from January 9, can be made from any payer account within Cyprus or across the Single Euro Payments Area (SEPA), the CBC said.
Instant payments, also known as credit transfers, allow users to transfer funds at any time, day or night, seven days a week.
These transactions are significantly faster than traditional credit transfers, which are typically processed only during business hours and may take until the next working day to reach the recipient’s account.
“With the introduction of instant payments, transactions are now modernised,” the CBC stated.
The Larnaca and Paphos airports combined saw a 5.6 per cent increase in traffice when compared to 2023, as well as a 9.1 per cent rise from the pre-pandemic levels recorded in 2019.
“The year 2024 demonstrated the best performance over time in terms of passenger volume,” the ministry said.
“This is a clear indicator of the strong appeal of Cyprus as both a tourist and business destination,” it added.
The UK, Greece, Israel, Poland, and Germany were highlighted as crucial markets for Cyprus, accounting for 64 per cent of the total, with 7.8 million passengers.
He succeeds Thomas Kazakos, who is slated to become the secretary general of the International Chamber of Shipping (ICS) in London.
Reflecting on his long tenure and future responsibilities, Iosifidis expressed his commitment to advancing the interests of Cypriot shipping on a global scale.
“As I complete 30 years of service at the chamber, I am committed to building on the substantial work that has already been accomplished, dynamically promoting the interests of Cypriot shipping and maintaining the vital role of our industry on the global stage,” he said.
Retail turnover in Cyprus grew by 2.3 per cent compared to October, marking the largest monthly growth across the EU.
On an annual basis, the island saw a robust increase of 6.2 per cent in retail turnover compared to November 2023.
In contrast, retail turnover growth in the eurozone and the EU remained subdued.
Month-on-month, the eurozone registered a marginal 0.1 per cent increase, while the EU recorded a slightly higher growth of 0.2 per cent.
Annually, retail turnover rose by 1.2 per cent in the eurozone and 1.5 per cent in the EU.
The decline was driven by a significant 10.8 per cent reduction in imports, which amounted to €10.9 billion compared to €12.23 billion in 2023.
Exports, however, also decreased sharply by 12.9 per cent, falling to €3.76 billion from €4.32 billion in the previous year.
In November alone, imports rose by 2.7 per cent year-on-year, reaching €1.13 billion. Imports from EU member states totalled €620.2 million, while those from third countries amounted to €508.5 million.
Exports in November, however, declined by 49.5 per cent, dropping to €376.5 million compared to €745.8 million in November 2023.
The Cyprus Stock Exchange (CSE) ended Friday, January 10, with gains.
The general Cyprus Stock Market Index stood at 221.47 points at 12:00, reflecting a rise of 0.11 per cent.
The FTSE / CySE 20 Index was at 134.71 points, representing an increase of 0.1 per cent.
The total value of transactions came up to €91,968, until the aforementioned time during trading.
In terms of the sub-indexes, the main, alternative, investment firm and hotel indexes rose by 0.1 per cent, 0.2 per cent, 0.57 per cent and 0.2 per cent respectively.
The biggest investment interest was attracted by the Bank of Cyprus (-0.21 per cent), Hellenic Bank (no change), Salamis Tours (+0.48 per cent), Demetra Holdings (+0.58 per cent), and Pandora (-2.68 per cent).
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