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Bank Of Cyprus Earns ‘Best Private Bank Cyprus 2025’ Accolade

The esteemed Global Banking & Finance Review has recognized Bank of Cyprus with the coveted ‘Best Private Bank Cyprus 2025’ award. This accolade firmly cements the bank’s status as a leader in the financial sector of Cyprus.

In their announcement, the bank highlighted this honor as a reflection of their commitment to exceptional Private and Affluent banking services, tailored perfectly to meet the diverse needs of high-net-worth individuals. Central to their success is the PrivilEDGE Value Proposition, a bespoke service offering personalized relationship management and unique lifestyle perks.

Christos M. Ioannou, Head of Private and Affluent Banking, expressed, “Being recognized as the Best Private Bank in Cyprus for 2025 demonstrates our persistent dedication to providing bespoke banking services and personalized investment solutions to our clients.”

The Global Banking & Finance Review Awards aim to acknowledge global institutions for their outstanding performance and leadership. This award solidifies Bank of Cyprus’s position in the market and its unwavering drive to exceed client expectations.

For more insights into Cyprus’s exceptional advancements, consider exploring why Larnaca was named Green City of Cyprus.

EU Moderates Emissions While Sustaining Economic Momentum

The European Union witnessed a modest decline in greenhouse gas emissions in the second quarter of 2025, as reported by Eurostat. Emissions across the EU registered at 772 million tonnes of CO₂-equivalents, marking a 0.4 percent reduction from 775 million tonnes in the same period of 2024. Concurrently, the EU’s gross domestic product rose by 1.3 percent, reinforcing the ongoing decoupling between economic growth and environmental impact.

Sector-By-Sector Performance

Within the broader statistics on emissions by economic activity, the energy sector—specifically electricity, gas, steam, and air conditioning supply—experienced the most significant drop, declining by 2.9 percent. In comparison, the manufacturing sector and transportation and storage both achieved a 0.4 percent reduction. However, household emissions bucked the trend, increasing by 1.0 percent over the same period.

National Highlights And Notable Exceptions

Among EU member states, 12 reported a reduction in emissions, while 14 saw increases, and Estonia’s figures remained static. Notably, Slovenia, the Netherlands, and Finland recorded the most pronounced declines at 8.6 percent, 5.9 percent, and 4.2 percent respectively. Of the 12 countries reducing emissions, three—Finland, Germany, and Luxembourg—also experienced a contraction in GDP growth.

Dual Achievement: Environmental And Economic Goals

In an encouraging development, nine member states, including Cyprus, managed to lower their emissions while maintaining economic expansion. This dual achievement—reducing environmental impact while fostering economic activity—is a trend that has increasingly influenced EU climate policies. Other nations that successfully balanced these outcomes include Austria, Denmark, France, Italy, the Netherlands, Romania, Slovenia, and Sweden.

Conclusion

As the EU continues to navigate its climate commitments, these quarterly insights underscore a gradual yet significant shift toward balancing emissions reductions with robust economic growth. The evolving landscape highlights the critical need for sustainable strategies that not only mitigate environmental risks but also invigorate economic resilience.

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