The Bank of Cyprus

The fund, Wellington Management Group, has acquired around 21 million shares in the Bank of Cyprus.

This is a 4.75% stake in the bank, as the fund participated in the recent placement for 4.8% of the share capital, where the liquidator of Laiki Bank made available a package of 21.5 million shares in total.

– Hello there! What a lovely weekend we just had—bright but chilly with the sun showing its teeth, and thankfully no rain (let’s see how long this lasts in November).

Greetings, so the analyses are flowing not just nationwide, but globally, regarding Trump’s overwhelming victory. In Europe, there was such a commotion that Scholz almost fell by himself just by hearing the news from across the Atlantic. Now, at the top of the rhetoric about the causes of Kamala’s loss, there are several issues, mainly the excessive promotion of the Democrats’ woke agenda.

Greetings, so what Mitsotakis is doing now with Nikos Pappas is wrong because Nikos is no longer with Kasselakis, who isn’t even the leader of SYRIZA anymore (the one who appointed him as the party’s representative in Parliament). And he won’t become one again because, quite simply, today it will be decided by the Priesthood (as the lyricist says) that he can’t be a candidate.

In the past few days Cyprus has been hit by a series of major cyberattacks, targeting both government websites and critical internet infrastructure.

Six incidents have been recorded since Friday, affecting both public services and private businesses. These attacks, while disruptive, have so far been successfully countered.

Two decisions originating from Cyprus - the approval of funding for the Great Sea Interconnector and the return to the Greek stock market of the Bank of Cyprus stock after its delisting from London - gave Athinon Avenue a significant boost at the start of the week, with energy and bank stocks predictably leading the market's growth. 

The first investments by the Cyprus Equity Fund, set up by the Cypriot government in cooperation with the European Investment Fund (a subsidiary of the European Investment Bank) and with a total budget of 37.5 million euros, are expected to begin this fall, so as to cover the financial gap in the fields of entrepreneurship and innovation.

Total nonperforming loans (NPLs) to Cypriot banks have dropped below 2 billion euros, specifically to €1.9 billion. At the end of 2017, NPLs amounted to an astounding €20.5 billion, and at their peak in 2014-2015, they had reached nearly €28 billion.

Cypriot banks are urging a combination of government and regulatory policies to achieve a healthy, effective and optimal green transition.

Banks stress their key role in this transition, emphasizing that while they should make significant financial contributions, the government must also align its policies with the banks to facilitate the green transition.

The Museum of Cycladic Art in Athens has unveiled the last of a three-part exhibition titled "ReThinking," which focuses on social issues that remain as pertinent today as they were in ancient times. The new section on 'Craftsmanship comes after those on "Identities" and "Conflicts," and seeks to showcase intangible cultural heritage.