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CYFA Embarks On A Strategic Mission To Elevate Cyprus Administrative Services

Strategic Roadmap For Excellence

The Cyprus Fiduciary Association (CYFA) has unveiled an ambitious strategic plan designed to enhance the quality and reliability of administrative services in Cyprus. In a recent briefing, President Costas Christoforou and Director General Christoforos Ioannou detailed new targets that reaffirm the country’s stature as a dependable global business center.

Fostering Compliance And Best Practices

Central to the association’s initiative is the implementation of rigorous compliance protocols and the promotion of best practices throughout the sector. This effort is expected to further solidify Cyprus’s reputation by ensuring that administrative services not only meet, but exceed, international standards.

Investing In Professional Development

In parallel with structural improvements, CYFA is committing substantial resources to the ongoing education and professional growth of practitioners. This forward-thinking approach is designed to foster innovation and maintain a competitive edge in an increasingly complex global market.

Enhanced Media Collaboration And Transparency

Recognizing the critical role of informed public discourse, CYFA underscores the importance of dialogue with the media. President Christoforou highlighted the necessity of objective reporting in conveying the sector’s significant role in bolstering Cyprus’s economic framework. Meanwhile, Director General Ioannou reiterated the association’s unwavering commitment to continuous improvement and transparency, key elements in reinforcing Cyprus’ international credibility as a premier business hub.

Eurobank Buys Back €5.9 Million In Shares In One Week

Eurobank S.A. spent €5.88 million repurchasing more than 1.3 million of its own shares on Euronext Athens between August 17 and August 21, 2026.

The purchases are part of the bank’s ongoing share buyback programme, approved by shareholders at the annual general meeting on April 28 and launched following a public announcement on June 10.

More Than 1.3 Million Shares Repurchased

During the five-day trading period, Eurobank bought 1,312,998 shares for a total of €5,882,204.05, at an average price of about €4.48 per share.

The transactions were carried out on Euronext Athens through Eurobank Equities Single Member Investment Firm S.A.

Daily purchases were as follows:

  • August 17: 257,693 shares for €1.16 million, at an average of €4.4951 per share.
  • August 18: 271,616 shares for €1.22 million, averaging €4.4929.
  • August 19: 323,887 shares for €1.44 million, the largest daily purchase, at an average of €4.4336.
  • August 20: 237,344 shares for €1.06 million, averaging €4.4646.
  • August 21: 222,458 shares for €1.01 million, at an average of €4.5305.

Eurobank’s Share Holdings Increase

The buyback programme was formally established through a board resolution adopted on April 29, following shareholder approval and the relevant legal framework.

After the latest purchases, Eurobank holds a total of 22,500,675 of its own shares.

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