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National Bank Of Greece (Cyprus) Introduces Innovative Fixed-Term Deposit Product


Stable Returns In An Uncertain Market

The National Bank of Greece (Cyprus) has unveiled a new fixed-term deposit option designed to cater to investors seeking predictability in an ever-evolving financial landscape. With transparent terms and assured returns, the product emphasizes stability—a critical asset in turbulent economic times.

Clear Terms And Guaranteed Returns

Investors have the opportunity to select either a six-month or nine-month deposit period, offering fixed interest rates of 1.50% and 1.35% respectively, applicable to deposits starting from €75,000. This approach provides customers with clarity from the onset, ensuring that their financial planning is both precise and reliable.

Strategic Financial Planning

In a rapidly changing economic environment, the bank’s announcement underscores the importance of secure and predictable financial choices. By offering guaranteed returns, the National Bank of Greece (Cyprus) helps its clientele achieve a more controlled and forward-thinking investment strategy, enabling long-term financial security amidst market uncertainties.

A Product Designed For Modern Investors

With its commitment to combining transparency and stability, the new fixed-term deposit not only meets the current market demand for predictable returns but also reinforces the bank’s reputation as a reliable financial partner. Its clear terms and established interest rates provide an effective tool for investors aiming to secure a stable future.


Monday.com To Cut 20% Of Workforce As It Expands AI Strategy

Monday.com, the Israeli workplace software company, is laying off about 630 employees, or roughly 20% of its workforce, as it restructures the business to support a leaner operating model and accelerate investment in artificial intelligence.

Restructuring Around AI

In a regulatory filing, the company said the workforce reduction is intended to better align resources with its AI strategy, which has become a central focus of its product development.

Earlier this year, Monday.com expanded its AI offering by introducing the Monday.com AI Work Platform, designed to integrate AI agents into day-to-day business workflows.

The platform includes a no-code app builder, a customizable AI agent, workflow automation tools and a chatbot capable of generating reports, updating dashboards and assisting with routine tasks.

Part Of A Wider Industry Trend

Monday.com’s restructuring reflects a broader shift across the technology sector, where companies are reducing costs while increasing investment in AI development and infrastructure.

According to Layoffs.fyi, tech layoffs rose sharply in May, with 78% of companies citing AI-related restructuring as a factor behind job cuts this year. More than 122,000 technology roles have been eliminated worldwide in 2026, according to the tracker.

Restructuring Costs

Monday.com expects to record restructuring charges of between $45 million and $55 million as a result of the layoffs. The move highlights how software companies are reallocating resources to support AI-focused products and services as competition in the sector intensifies.

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