Source: cyprus-mail.com
The presentation of the report, which covered the 2024-2025 period, took place at the University of Cyprus, with the participation of representatives from academia, the business community and the state.
According to the findings, 40.2 per cent of adults in Cyprus believe there are good opportunities to start a business, maintaining the positive trend seen in recent years.
At the same time, 47.8 per cent consider it easy to start a business, a figure close to the European average.
Confidence in entrepreneurial ability remains particularly high, with 59.9 per cent stating they possess the necessary knowledge, skills and experience to launch a business.
In addition, 68.3 per cent of adults say they personally know an entrepreneur, underlining the strong presence of entrepreneurial networks in Cyprus.
The parent entity, Bank of Cyprus Holdings Public Limited Company, together with its subsidiaries comprising the wider banking group, issued the formal corporate update to global financial markets.
The specific financial instruments facing early repayment consist of fixed rate notes with a reset provision that were initially distributed to international investors.
The financial institution executed the original debt issuance on June 24, 2021, with a final designated maturity date stretching into the subsequent calendar year of 2027.
The banking group will officially utilise the specific corporate clause to complete the premature loan settlement exactly five years from the initial date of flotation.
The agreement was signed during the recent official visit of President Nikos Christodoulides to India and forms part of Selk’s wider efforts to build stronger international partnerships with major professional bodies.
According to an announcement released this week, the MoU marks an important step in deepening cooperation between the two countries, particularly in the fields of accounting, auditing, professional education and business services.
According to a report from Philenews, the project, which has been submitted to the competent authorities through an information report, is expected to bring together key parts of the company’s production, processing and logistics operations.
The new centre will be built within the administrative boundaries of the Kato Polemidia municipal district.
Its location, close to the port’s vertical road, is expected to give the company direct access to both Limassol port and the Limassol-Paphos motorway, strengthening its distribution network and overall operational capacity.
Construction is expected to begin once the necessary planning and building permits are secured.
The high-level meeting took place ahead of a historic milestone as Cyprus prepares to host European Union member state representatives for crucial state aid decision-making sessions on June 8, 2026, and June 9, 2026.
“The agency is working to upgrade its institutional role, not just as a compliance tool, but as a growth engine aimed at ensuring compatible state funding and promoting strategic aid that strengthens and modernises the economy,” Michaelidou said.
Evolving European realities make the office’s role more demanding and complex with increased responsibilities because expanding state aid rules decentralise powers to individual member states, she added.
The regulatory evaluation was prompted by the formal submission and subsequent public disclosure of the annual financial report of the firm for the twelve-month period which concluded on December 31, 2025.
The investment securities issued by the bank are listed on the emerging companies market, which functions as the non-regulated market segment of the local stock exchange.
Market supervisors determined that the corporate bonds will continue to feature a special capital letter S marking across all public trading boards and official price bulletins.
The agreement will see the Jumbo brand enter six new markets, namely Ukraine, Georgia, Armenia, Azerbaijan, Kazakhstan and Uzbekistan, significantly broadening its regional footprint.
As part of the partnership, Balfin will establish a central logistics hub in China to support the expanded network and streamline supply chain operations across these territories.
The move builds on an already established collaboration between the two groups in Albania, Kosovo, Bosnia and Herzegovina, Montenegro and Moldova, where a new store is expected to begin operations within the year.
The board said the past weeks were marked by seasonal campaigns centred on Easter, alongside international digital collaborations designed to expand the city’s visibility abroad.
During Holy Week, the organisation partnered with local travel creator @teacher_intravels to document religious traditions and community participation in the capital.
The initiative focused on the atmosphere of Holy Friday in the historic centre, capturing candlelit processions, hymns and long-standing rituals involving local communities.
A central item on the agenda will be the formal examination of the annual report for the 2025 financial year, which encompasses the management report, the corporate governance statement, and the consolidated financial statements for the period concluding on December 31, 2025.
Shareholders will also participate in the election of members of the board of directors to guide the firm through the next corporate cycle.
The call, titled PRE-SEED/0526, has a total budget of €1 million, while the maximum funding available for each project has been set at €119,999.
According to the RIF, proposals must be submitted through the IRIS portal, with the deadline set for September 11, 2026, at 1pm.
The programme is designed to support the creation and early development of innovative startups seeking to develop products and services with prospects for international market penetration.
This was the message shared by Tototheo Global CEO Despina Panayiotou Theodosiou, who took part in the Space Industry Forum in Singapore, a high-level gathering co-organised by Novaspace and GSOA.
The forum was held on May 19, at The Fullerton Hotel in Singapore, bringing together senior executives, policymakers and industry leaders from the satellite and space sector.
According to the organisers, the event was designed as a platform for “high-level networking, strategic dialogue and partnership-building”, with discussions covering connectivity, direct-to-device services, government space strategies and NewSpace developments.
“Last week, I had the pleasure of participating in the Space Industry Forum in Singapore, joining industry leaders to discuss the evolving role of satellite infrastructure in enabling resilient, secure, and operationally critical connectivity across global industries,” Theodosiou said.
The administrative changes were officially enacted through a targeted policy circular dispatched by the director of the public administration and personnel department.
The newly distributed directive formally modifies a historical administrative policy that had been in active operation since February 8, 2024.
The sweeping modifications to the state travel compensation parameters officially entered into retrospective economic effect on May 1, 2026.
According to an announcement by the federation, the meeting was also attended by Oev director-general Michalis Antoniou and head of trade and investment at the British High Commission in Cyprus Elena Orphanidou.
During the discussions, both sides exchanged views on prospects for enhancing bilateral economic ties, with a focus on expanding trade flows, increasing investment and fostering closer cooperation between businesses in the two countries.
Particular emphasis was placed on the tourism sector, where the importance of the British market for the Cypriot economy was underlined.
The specialised regulatory body was established under a new legislative act passed by the House of Representatives on January 22, 2026.
The primary objective of the newly formed body involves drafting a simplified financial framework specifically designed to ease the administrative burden of preparing corporate accounts for small business entities.
The administrative panel will take full responsibility for establishing, monitoring, and reviewing the designated financial reporting standard for small entities.
The gathering for the shareholders of the major industrial firm will take place at the Parklane hotel in Limassol on June 18, 2026.
A central item on the agenda will be the formal review of the management report of the board of directors for the 2025 financial year.
Shareholders will also be asked to receive, review, and ultimately vote on the approval of the financial statements alongside the independent auditors’ report covering the same twelve-month period.
An important financial decision facing investors at the meeting is the proposed approval of a dividend distribution amounting to €0.02105 per share, which will be paid out from the accumulated profits generated across the 2024 and 2025 financial years.
The event, officially branded as the First CCS Tech Social, is scheduled to take place on May 28, 2026.
The collaborative gathering will run from 7:00 p.m. until 10:00 p.m. at Vinylio Wine Etc, a prominent venue located within the coastal city.
Organisers designed the evening to provide a relaxed, beautiful environment that fosters open dialogue regarding technology, innovation, and STEM education.
The prestigious two-day high-level dialogue, titled Shaping the Next Digital Frontier, is organised within the official framework of the Cypriot Presidency of the Council of the European Union.
The landmark proceedings will take place at the Filoxenia Conference Centre in the capital city.
The summit occurs at a crucial turning point for the digital future of Europe and will function as a premier forum for strategic dialogue concerning the European Union digital agenda.
A primary analytical focus of the gathering will be directed towards the rapidly evolving landscape of artificial intelligence.
According to an announcement on Tuesday, the latest round of purchases followed a specific authorisation granted to directors during the annual general meeting which took place on June 24, 2025.
The combined market activity resulted in the acquisition of 6,333 ordinary treasury shares from the public float.
The overall deployment of capital was completed at a volume-weighted average execution price of €1.603 per single share.
A granular assessment of the regulatory filing reveals that the buying pattern was split into five distinct tranches over the course of the single trading day.