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Cyprus Chamber Of Commerce And Industry Seeks Strategic European Affairs Officer

The Cyprus Chamber of Commerce and Industry (Keve), the largest business organization in Cyprus, has opened applications for a full-time officer position within its European Affairs and Programmes Department. Based at its central offices in Nicosia, this role is pivotal in driving the execution of European-funded projects and initiatives, leveraging Keve’s expansive network of over 9,000 member companies and 161 professional associations.

Key Responsibilities

The selected candidate will coordinate Keve’s participation in approved European projects while ensuring full compliance with EU regulations and project deadlines. Responsibilities include the preparation of detailed reports, deliverables, and various project documents alongside tasks such as conducting surveys, focus groups, interviews, and organizing workshops. The role further involves managing communication channels with European partners, institutions, and stakeholders, as well as spearheading dissemination activities that include drafting press releases and curating content for social media.

Candidate Profile And Requirements

Applicants must hold a university degree in European Studies, Business Administration, Economics, Political Science, International Relations, Environmental Sciences, or a related field. Postgraduate qualifications will be considered an added asset. A minimum of one year’s experience in implementing European (co-)funded projects is required, along with proven expertise in stakeholder engagement, event organization, and collaboration with EU institutions. Additional advantages include familiarity with project budget monitoring, financial reporting, and proposal drafting. Fluency in Greek and English, excellent report writing capabilities, and strong computer skills—including proficiency in MS Office and social media management—are essential. The ideal candidate will exhibit the ability to manage multiple priorities under tight deadlines and demonstrate robust public speaking and presentation skills.

Application Process

The role offers a competitive remuneration package that includes a provident fund and a 13th salary, commensurate with experience and qualifications. Candidates interested in pursuing this strategic opportunity should submit their curriculum vitae and cover letter by Monday, November 17, 2025, to the chamber’s human resources department. For further details, please visit the official job vacancy page.

Bank of Cyprus Upgrade Signals Fresh Optimism For Greek And Cypriot Banks

Regional Banks Enter A More Favorable Cycle

Bank of Cyprus and Eurobank are well positioned to benefit from a renewed re-rating of Greek and Cypriot bank stocks, according to Cyprus-based investment firm Roemer Capital, which upgraded Bank of Cyprus to a buy rating and reaffirmed its positive view on Eurobank.

The firm cited easing geopolitical tensions, resilient economic growth in Greece and Cyprus, lower funding costs and Greece’s expected transition to developed-market status as the main factors supporting the sector.

Roemer Capital also lowered its cost of equity assumptions, updated its forecasts following first-quarter 2026 results and extended its valuation horizon to the end of 2027, raising target prices across its banking coverage.

Bank Of Cyprus Gets The Largest Upgrade

Bank of Cyprus received the biggest revision, with Roemer Capital upgrading the stock from hold to buy and setting a target price of €11.10, implying potential total upside of 27%.

The firm highlighted the bank’s strong capital generation, profitability and projected 100% dividend payout, describing it as the strongest capital-return story among the banks under coverage. Roemer Capital maintained its buy rating on Eurobank, assigning a target price of €4.90 and forecasting potential upside of 28%. The report said the bank is well placed to benefit from loan growth, improving operating performance and merger-and-acquisition synergies.

National Bank of Greece and Piraeus Bank also retained buy ratings, with expected returns ranging from 25% to 36%. Optima Bank was upgraded to buy, while Alpha Bank remained at hold on valuation grounds.

Why Growth Still Sets The Region Apart

According to Roemer Capital, Greek and Cypriot banks continue to benefit from stronger economic fundamentals than many western European peers. The report pointed to faster economic growth, healthier balance sheets, low levels of non-performing exposures, capital ratios approaching 20% and strong customer deposit bases.

Analysts expect performing loans across the sector to grow at a compound annual rate of 6% to 8% through 2028, supported by private investment, digitalisation, green manufacturing, supply-chain expansion and a gradual recovery in household lending.

The report also said the conclusion of lending under the EU Recovery and Resilience Facility is unlikely to materially affect credit growth, as banks have already shifted back towards traditional commercial lending. Roemer Capital expects Euribor to remain between 2.2% and 2.5%, a level it believes should support both lending activity and net interest margins.

Geopolitics, Valuation And Market Structure Support The Case

The report said improving geopolitical conditions have strengthened the investment outlook, noting that Brent crude prices have largely returned to pre-war levels while Greek government bond yields have stabilised at around 3.5%. Although geopolitical risks remain, Roemer Capital believes the likelihood of a major inflationary shock or significant pressure on bank profitability has eased.

Another important catalyst identified by the firm is Greece’s expected promotion to developed-market status by FTSE Russell, STOXX and MSCI over the coming months.

According to the report, the reclassification should improve liquidity and attract a broader base of international investors. Roemer Capital also said Euronext’s acquisition of the Athens Exchange is expected to strengthen market infrastructure and increase international visibility, particularly for Bank of Cyprus and Optima Bank.

The firm noted that Bank of Cyprus has already benefited from its Athens listing, with average daily trading value increasing from less than €400,000 before its September 2024 move to nearly €6 million afterwards.

Economic Momentum Remains A Core Tailwind

Roemer Capital said both Greece and Cyprus have moved beyond post-crisis recovery and are now supported by private-sector-led growth. For Cyprus, the report highlighted recent tax reform and efforts to simplify the legal and regulatory framework, while also noting that limited foreign banking competition continues to support domestic lenders.

Overall, Roemer Capital expects Greek and Cypriot banks to remain well-positioned for profitable loan growth over the coming years.

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