Breaking news

The Founder And Chairman Of Ellinas Finance Has Passed Away

Ellinas Finance Public Company Ltd has announced the death of the Company’s founder and chairman, Emilios Ellinas.

According to the company, Emilios Ellinas died on 14 June, at the age of 90, in Nicosia.

Ellinas has been the Chairman and Managing Director of Ellinas Finance PCL since December 1992.

He graduated from the Pancyprian Gymnasium in 1952.

Ellinas worked at Y. Shukuroglou & Sons as head of the Insurance Department until 1964. On 1 April,1955 he founded Emilios A. Ellinas & Co which was active in the import, sale and distribution of electrical household appliances and other goods (via the Mega Electric/ Scandia brand).

In 1964 he also founded the company Ellinas (Insurance Agencies) Ltd which represented various British insurance companies until 1982.

Ellinas was then appointed General Representative of the Cyprus public company Philiki Insurance Ltd as well as a member of the Board of Directors of Philliki Insurance Ltd.

Ellinas served as a shareholder and member of the Board of Directors of the private companies, The United Five Development Company Ltd and The United Five Construction Company Ltd.

In 1992 he founded Ellinas Finance Public Company Limited of which he held the position of Chairman of the Board of Directors until his death, having also served as Managing Director from January 2003 to February 2019.

Digital Transactions: A Green Approach To Finance In Cyprus

As Cyprus increasingly embraces digital transactions, the environmental benefits of this shift are becoming evident. A recent report highlights that digital payments significantly reduce the carbon footprint associated with traditional banking operations. By decreasing the reliance on physical branches, paper-based processes, and the transportation of cash, digital transactions are contributing to a more sustainable financial ecosystem. This transition is in line with global initiatives to combat climate change and underscores Cyprus’ commitment to promoting a cleaner, more efficient financial landscape.

Digital transactions are not only more convenient and efficient but also significantly less resource-intensive. Traditional banking often involves extensive paperwork, the use of physical infrastructure, and the transportation of money, all of which contribute to higher carbon emissions. In contrast, digital transactions streamline these processes, resulting in lower energy consumption and reduced waste.

The environmental advantages of digital transactions are complemented by their economic benefits. By lowering operational costs and enhancing transaction speed and security, digital payments provide a compelling case for broader adoption. This shift supports sustainable development goals and aligns with the global push towards greener, more resilient economies.

Furthermore, the widespread adoption of digital transactions in Cyprus is expected to drive innovation within the financial sector. With the integration of advanced technologies such as blockchain and artificial intelligence, the digital financial landscape is set to become even more efficient and secure. These innovations not only enhance user experience but also contribute to environmental sustainability by further reducing the need for physical resources.

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter