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Bank of Cyprus Secures Top Extel Ranking In Emerging EMEA Financials

by THEFUTURE.TEAM

July 10, 2026

Bank of Cyprus has been named one of Extel’s most honoured companies, ranking third in the Emerging EMEA Financials category in the financial intelligence provider’s annual survey.

A Vote Of Confidence From Investors

The ranking places the bank among the leading financial institutions across emerging markets in Europe, the Middle East and Africa.

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Unlike awards decided by a judging panel, Extel’s rankings are based on votes from the investment community. Portfolio managers, analysts and other market participants assess companies on the quality of their communication, strategy and execution.

Strong Individual Results For Senior Leadership

Bank of Cyprus also reported strong results for members of its leadership team. Executive Director of Finance Eliza Leivadiotou was named Best CFO, ranking first among independent buy-side analysts and second among sell-side analysts.

According to the bank, the result reflects the credibility, transparency and technical depth of its communication on strategy, outlook and financial performance.

Investor Relations Team Gains Global Recognition

The group’s investor relations function also ranked highly. Strategy, Investor Relations & ESG Manager Annita Pavlou placed second in the Best IR Professional category, while the Bank of Cyprus Investor Relations Team ranked second in the Best IR Team category.

The survey drew on the views of 454 portfolio managers, international analysts and specialist researchers from 247 financial institutions worldwide, according to the bank.

Why The Ranking Matters

Extel is widely regarded as one of the financial industry’s leading benchmarking platforms, with its annual surveys used by investors to assess listed companies and their leadership teams.

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Cyprus Employment Rises 1.7% To 525,167 In Q2 2026

by THEFUTURE.TEAM

September 7, 2026

Cyprus employment increased 1.7% year over year to an estimated 525,167 people in the second quarter of 2026, according to the state statistical service, Cystat. Employees accounted for 472,254 of the total, while 52,913 were self-employed. The increase points to continued labor market growth across both wage employment and independent work.

Trade, Construction And Leisure Lead Employment Growth

Wholesale and retail trade, including motor vehicle and motorcycle repair, recorded some of the strongest employment gains, alongside construction and arts, entertainment and recreation.

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Those sectors are closely linked to domestic economic activity, with trade reflecting consumer demand and construction reflecting investment. Employment growth in leisure-related industries also points to continued activity in consumer-facing services.

Hours Worked Rise Faster Than Employment

Labor input increased faster than headcount. Cystat estimated that employees and other workers put in 246.57 million hours during the second quarter, up 2.2% from a year earlier.

The increase suggests that businesses were not only employing more people but also recording higher total hours worked. Wholesale and retail trade, construction, and arts, entertainment and recreation again recorded the strongest gains.

Labor Market Expansion Remains Broad-Based

The combination of higher employment and hours worked points to continued expansion in Cyprus’ labor market during the second quarter. The pace remains moderate, but gains across several major sectors indicate that labor demand continued to support economic activity.