Bank Of Cyprus To Transition From London To Athens Stock Exchange

by THEFUTURE.TEAM

August 8, 2024

In a significant strategic move, the Bank of Cyprus has announced its decision to exit the London Stock Exchange (LSE) and join the Athens Stock Exchange (ATHEX). This transition is part of the bank’s broader strategy to align its market presence more closely with its operational focus and shareholder base.

Strategic Realignment

The decision to move to the Athens Stock Exchange reflects the Bank of Cyprus’s ongoing efforts to optimise its market strategy. CEO Panicos Nicolaou highlighted that this transition aims to enhance long-term shareholder value, attract new investors, and solidify the bank’s presence in a market more aligned with its core operations. Nicolaou stated, “This move is intended to create stable value for our shareholders and to enhance our market presence in a strategically advantageous location.”

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Benefits of the Move

By listing on the Athens Stock Exchange, the Bank of Cyprus expects to reap several strategic benefits:

Market Alignment: The Athens Stock Exchange offers a platform more closely aligned with the bank’s primary markets and customer base, potentially leading to better investor understanding and engagement.
Shareholder Value: The move is anticipated to create stable and sustainable value for existing shareholders while also attracting new investors interested in the bank’s growth trajectory.
Operational Focus: Shifting to a market within the same regional economic sphere allows for greater operational focus and strategic coherence.

Shareholder Approval

The proposed transition to the Athens Stock Exchange will be presented to shareholders for approval at an upcoming extraordinary general meeting. This step ensures that the bank’s stakeholders have a say in this significant strategic shift, reinforcing the bank’s commitment to transparency and stakeholder engagement.

This move is indicative of a broader trend among European financial institutions reassessing their market listings to better align with their strategic goals and operational realities. For the Bank of Cyprus, transitioning to ATHEX is expected to streamline its market communications and investor relations, positioning the bank for continued growth and stability in a competitive financial landscape.

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Cyprus Services Sector Shows Robust Performance In 2025 As Tourism, Digital Innovation, And Shipping Surge

by THEFUTURE.TEAM

April 6, 2026

The Employers and Industrialists Federation (OEV) reported growth across Cyprus’ services sector in 2025, with increases recorded in tourism, professional services and administrative activities. Data show continued expansion across multiple sub-sectors, reinforcing the role of services in economic output and employment.

Service Sector Leadership

Accommodation and food services grew by 9.5%, while administrative and support activities increased by 7.4%. Professional, scientific and technical activities rose by 4.6%, followed by information and communication at 4.3%. Transport and storage recorded growth of 2.8%, while real estate activity increased by 0.4%. These figures indicate broad-based expansion across service industries.

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A Remarkable Tourism Surge

Tourist arrivals reached 4,534,073 in 2025, marking a 12.2% increase year-on-year. December arrivals totaled 156,959, up 18% compared with the same period a year earlier. Tourism continues to support revenue generation and seasonal demand across the economy. Growth in visitor numbers contributes to activity in hospitality and related sectors.

Driving Digital Transformation

OEV is supporting digital adoption through initiatives such as the DiGiNN Cyprus Digital Innovation Hub. The program focuses on improving business processes, skills development and technology integration. Additional efforts include the establishment of a Digital Transformation and Innovation Committee and international engagement through business missions. These actions support the adoption of digital tools across sectors.

Resilient Shipping Sector

Shipping accounted for about 7% of Cyprus’s GDP in 2025, remaining a key component of the economy. The Cyprus Registry recorded its highest tonnage in 20 years, with an increase of nearly 20%. Fleet growth strengthens Cyprus’ position within European Union shipping registries and global maritime markets. The sector continues to contribute to economic stability.

Strengthening The Economic Foundation

OEV is organizing conferences, workshops and exhibitions to support business development across sectors. These initiatives focus on improving operational practices and industry collaboration. Continued investment in services and digital infrastructure is expected to support economic performance.

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