Breaking news

Cyprus President Christodoulides Launches Nationwide Tour to Address Rural Development

President, Nikos Christodoulides has announced a tour of all districts, starting from rural areas, to discuss with the local key actors the Local Government reform which kicked in last July.

He was speaking on the sidelines of a 7 September event at the Presidential Residence in Troodos organised by First Lady, Philippa Karsera-Christodoulides, for the promotion of small, local businesses.

President Christodoulides stated that the revitalisation of rural areas was among the Government’s priorities. “To be able to achieve this, a holistic approach is required, which is about the existence of conditions, especially for young couples, to return to our countryside”, he added.

He referred to a housing scheme announced by the Government while also noting that the Government places special emphasis on education and health in rural areas as well as businesses.

President Christodoulides said that several projects have been done while “even more” would follow.

He also said that he would, in the near future, start a tour of all districts, starting from rural areas, following the implementation of the local government reform, to discuss with local key actors to see how to create the conditions to attract more people in rural areas and proceed with the announcement of even more specific actions.

Eurobank Wins Two Euromoney Awards Following Cyprus Merger

Eurobank has been named Cyprus’ Best Bank for 2026 by Euromoney, while also receiving the award for Best Bank for Large Corporates at the publication’s latest Awards for Excellence.

Merger Marks A Milestone

The awards recognise the bank’s performance during 2025, a year marked by the completion of the legal merger between Hellenic Bank and Eurobank Cyprus. The transaction created Eurobank Limited, which the group says is now Cyprus’ largest banking and insurance organisation, with assets exceeding €28 billion.

Euromoney’s Awards for Excellence evaluate banks’ performance over the previous calendar year, with this edition covering January 1 to December 31, 2025.

Lending, Customers And Digital Growth

Eurobank said its business lending portfolio expanded by around 17 per cent during 2025, while its customer base grew to more than 710,000 retail clients and 11,500 business customers.

The bank also continued its digital expansion, saying more than 96 per cent of transactions are now completed through digital channels, and most financing applications are submitted via its mobile app.

Expanding International Presence

Eurobank also highlighted the opening of its first representative office in India, describing the move as a step toward strengthening business links between Cyprus and India while supporting Cyprus’ role as a gateway to the European Union for Indian businesses and investors.

According to the bank, Euromoney recognised not only the successful completion of the merger but also its lending growth, digital transformation and contribution to Cyprus’ position as an international business and investment hub.

CEO On The Awards

“The Euromoney awards confirm Eurobank’s strong momentum and the successful implementation of our group’s strategy in Cyprus,” Chief Executive Michalis Louis said.

He said the merger strengthened the bank’s ability to support households, businesses and the wider economy, while highlighting continued investment in digital services and the opening of the representative office in India as key milestones during the year.

Aretilaw firm
The Future Forbes Realty Global Properties
eCredo
Uol

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter