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KEO Plans €25 Million Industrial Expansion In Limassol

KEO announced plans for a €25 million industrial investment project aimed at consolidating its production, processing and logistics operations in Limassol. The proposed development, currently under review by relevant authorities, involves the construction of a new alcoholic beverages bottling and distribution center in Kato Polemidia.

Strategic Location And Integrated Logistics

The facility will be located near the port’s vertical road within the Kato Polemidia municipal district, providing direct access to both Limassol Port and the Limassol–Paphos motorway. According to the company, the project is intended to centralize production, processing and logistics functions to improve operational efficiency and strengthen distribution capabilities.

State-of-the-Art Facility And Economic Impact

The development will cover approximately 44,000 square metres and include a main building spanning around 34,000 square metres across three levels. Plans for the facility include basement areas for raw material storage and ageing processes, a ground floor housing production and bottling lines and upper-level administrative offices. Operations at the site will work alongside the company’s existing winery in Mallia and will manage products ranging from bulk alcohol and wine inputs to bottled wines and spirits.

Construction is expected to begin following approval of planning and building permits and is projected to continue over 24 months. The investment is also expected to create up to 50 direct jobs, contributing to economic activity in the Limassol area. According to KEO, the project forms part of the company’s broader strategy to strengthen production capacity and support long-term operational development in both domestic and international markets.

Bank Of Cyprus Named Best Sub-Custodian Bank In Cyprus 2026 By Global Finance

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Bank of Cyprus has been named “Best Sub-Custodian Bank in Cyprus 2026” by Global Finance, one of the world’s leading international financial publications, reinforcing the Bank’s strong position in Cyprus’ custody and post-trade services market.

The award recognizes excellence across key areas of asset servicing, including operational efficiency, technology, client service and regulatory expertise. The award highlights financial institutions that consistently provide high-quality custody solutions and effectively respond to the increasingly complex needs of institutional and private investors.

The distinction reflects Bank of Cyprus’ commitment to safeguarding client assets and delivering reliable, high-quality custody and depositary services to institutional and private investors. It also acknowledges the Bank’s ongoing investment in innovative, client-focused post-trade solutions, underpinned by strong governance, regulatory compliance and extensive market expertise.

Recognising Excellence in Asset Servicing

Commenting on the recognition, Despina Kyriakidou, Treasury Director at Bank of Cyprus, said:

“This award is an important recognition of the expertise, commitment and consistently high standards of our teams. Custody and depositary services are fundamentally built on trust, reliability and the ability to navigate an increasingly complex investment and regulatory environment. At Bank of Cyprus, we continue to invest in our capabilities and technology, while remaining focused on the evolving needs of our clients. This distinction by Global Finance reinforces our commitment to providing secure, efficient and high-quality solutions to institutional and private investors.”

Comprehensive Custody And Depositary Services

Bank of Cyprus is a leading provider of custodian services to institutional and private investors, supported by a highly experienced and specialised team with extensive knowledge of the local and international investment environment. The Bank supports a broad range of investment activities through comprehensive asset safeguarding and tailored servicing solutions.

Its offering also includes specialised Depositary services for Collective Investment Funds, including UCITS and Alternative Investment Funds (AIFs), providing cash monitoring, safekeeping and oversight services that support domestic and international clients in navigating increasingly complex global markets safely and efficiently.

The award further strengthens Bank of Cyprus’ position as a trusted partner to the financial and investment industry and reflects its ongoing commitment to service excellence, innovation and the highest standards of asset servicing.

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