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National Bank Of Greece Cyprus And University Of Cyprus Lead Innovation In Entrepreneurial Competition 2025

National Bank Of Greece Cyprus has strategically partnered with the University Of Cyprus to bolster the initiatives of the Cyprus Entrepreneurship Competition (CyEC) 2025 through its prestigious NBG Business Seeds programme.

Strengthening The Entrepreneurial Ecosystem

Committed to fostering dynamic and forward-thinking business solutions, NBG Cyprus is leveraging its long-standing support for innovative entrepreneurship. The bank’s initiative highlights a deliberate effort to transform creative ideas into viable, market-ready ventures, setting a benchmark for business development in the region.

Promoting Strategic Collaboration

Organized by the University of Cyprus’s Centre for Entrepreneurship (C4E) under the auspices of the Ministry of Energy, Commerce, and Industry, the competition is a milestone event designed to spur innovation. This year, the competition has attracted a record participation of over 50 teams from across Cyprus, reinforcing its role as a key platform for emerging start-ups and young professionals.

Unlocking Global Opportunities

Winners of the competition will gain direct access to Phase B of the 16th Innovation and Technology Competition, an initiative that spans both Greece and Cyprus. This fast-track promotion not only opens the door to a vast network of investors, mentors, and innovation experts but also positions the participating entrepreneurs to compete on a broader, regional stage.

This collaboration is a testament to the power of strategic partnerships in accelerating entrepreneurial growth and technological innovation.

doValue Cyprus Strengthens Market Leadership With New Astrobank Portfolio

Expanding Market Influence

Loan and real estate management firm doValue Cyprus has significantly reinforced its domestic presence in non-performing loan servicing by acquiring a new portfolio from Astrobank Public Company Limited. This development follows Astrobank’s recent transition, marked by the transfer of key operations to Alpha Bank Cyprus Limited and the subsequent surrender of its banking licence.

Strategic Acquisition And Swift Execution

Finalized on November 3, 2025, the agreement underscores a decisive strategic shift as doValue Cyprus assumes management of Astrobank’s remaining portfolio. The immediate commencement of portfolio management is a testament to the firm’s commitment to delivering specialized, resilient solutions within the non-performing loan market.

Expertise Driving Market Growth

Chief Executive Officer Varnavas Kourounas emphasized that the latest portfolio acquisition not only expands the firm’s operational footprint but also validates its credibility and deep expertise in the competitive Cypriot financial sector. The strategic move is aligned with the broader growth ambitions of the doValue Group.

Broader Market Implications

Operating as part of the international doValue Group—the largest independent loan and real estate management organization in Southern Europe—doValue Cyprus is well-positioned to leverage its newly expanded portfolio. With approximately €136 billion in assets under management, the group maintains a dominant presence across Italy, Greece, Spain, Portugal, and Cyprus. Moreover, its subsidiary, Altamira Real Estate, runs Cyprus’ largest real estate platform, managing extensive property portfolios alongside the island’s most comprehensive sales network.

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