SUNDAY, 20 SEP 2020



Facebook Linked In Twitter

Merkel And Conte Express Full Support To Cyprus

Themis Papadopoulos Re-elected At The ICS Board Of Directors



Ioannis Matsis Resigns from Hellenic Bank

Ioannis Matsis Resigns from Hellenic Bank

Hellenic Bank CEO Ioannis Matsis has resigned 40 months after being at the helm of the island’s second-largest lender, a surprise decision that had immediate effect. No explanation has been provided so far.

Matsis had been appointed as a member of the board of directors in December 2013. He was the chairman of the risk management committee and a member of the nominations/internal governance committee of the board. He was appointed executive member of the board of directors and CEO of the group on April 24, 2017.

According to media reports, he will be replaced by Constantinos Loizides, the current CEO of AstroBank.

Loizides, who also headed Cyprus Airways, has been leading AstroBank as its chairman and CEO since April 2019.

He joined the Greek-owned Piraeus Bank in 2007, which had earlier taken over the operations of Arab Bank in Cyprus.

Loizides established Piraeus Bank Cyprus as a wholly-owned subsidiary and was instrumental in the restructuring of Piraeus’ other assets in neighbouring countries, including Egypt.

The bank was taken over by Lebanese investors, headed by financier Maurice Sehnaoui, with Piraeus Bank SA retaining a 10% stake.



Marios Eliades Donates 5,000 Protective Masks To The British High Commission

Former Minister of Transport and Communications, Marios Eliades has donated 5,000 ...

PMI Cyprus Chapter Board Of Directors

The new Board of Directors was elected on Monday 27 January 2020, through an electronic ...

Dr. Georgios Nicolaou: Cypriot Researcher Working For ESA/NASA Solar Orbiter Space Mission

A Cypriot researcher is part of the ESA/NASA Solar Orbiter mission team, which aims to ...



EU Commission Raises Climate Ambition And Proposes 55% Cut In Emissions By 2030

The European Commission presented its plan to reduce EU greenhouse gas emissions by at least 55% by 2030, compared to 1990 levels. This level of ambition ...

Sunnyseeker Hotels Takes Over Elias Beach Hotel In Limassol

Sunnyseeker Hotels announced the signing of a management agreement with EOE Tourist Enterprise Ltd, owner of the Elias Beach Hotel in Limassol. ...

Nicos Anastasiades: Mitigating The Pandemic’s Social And Economic Impact Remains Our Main Concern

Mitigating the social and economic impact of the coronavirus pandemic and the return of all sectors of the economy to maximum operation remain the ...

Increased Interest In The Plots Of Aristo Developers In Nicosia

Aristo Developers recently announced the segmentation and marketing of ninety large plots for residential development in the Municipality of Engomi in Nicosia. ...

Emmanuel Macron Faces Return Of Strikes

Strikers are taking to the streets of France on Thursday for the first time since the country returned to work from the summer holidays, signalling a difficult ...

Toyota Reveals Plan To Turn Trucks Into Emissions-Free 'Power Plants'

Portable emissions-free “power plants” could soon hit the road under plans by Toyota to fit some of the company’s light-duty trucks with ...

Merkel And Conte Express Full Support To Cyprus

German Chancellor Angela Merkel and Italian Prime Minister Giuseppe Conte expressed, during separate telephone conversations they had on Thursday with Cyprus ...

WHO Warns Europe Over Covid Surge

Surging coronavirus figures across Europe should serve as "a wake-up call", the World Health Organization's regional director has said. Hans ...