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KEO Plans €25 Million Industrial Expansion In Limassol

KEO announced plans for a €25 million industrial investment project aimed at consolidating its production, processing and logistics operations in Limassol. The proposed development, currently under review by relevant authorities, involves the construction of a new alcoholic beverages bottling and distribution center in Kato Polemidia.

Strategic Location And Integrated Logistics

The facility will be located near the port’s vertical road within the Kato Polemidia municipal district, providing direct access to both Limassol Port and the Limassol–Paphos motorway. According to the company, the project is intended to centralize production, processing and logistics functions to improve operational efficiency and strengthen distribution capabilities.

State-of-the-Art Facility And Economic Impact

The development will cover approximately 44,000 square metres and include a main building spanning around 34,000 square metres across three levels. Plans for the facility include basement areas for raw material storage and ageing processes, a ground floor housing production and bottling lines and upper-level administrative offices. Operations at the site will work alongside the company’s existing winery in Mallia and will manage products ranging from bulk alcohol and wine inputs to bottled wines and spirits.

Construction is expected to begin following approval of planning and building permits and is projected to continue over 24 months. The investment is also expected to create up to 50 direct jobs, contributing to economic activity in the Limassol area. According to KEO, the project forms part of the company’s broader strategy to strengthen production capacity and support long-term operational development in both domestic and international markets.

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.

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