SUNDAY, 29 JAN 2023



Facebook Linked In Twitter

Lefteris Christoforou Officially A New Member Of The European Court Of Auditors

Anastasiades: We Challenged UNSG Representative To Put The Facts Straight



brought to you by PWC

Hellenic Bank: Oliver Gatzke Retuns To His Duties

Hellenic Bank: Oliver Gatzke Retuns To His Duties

Oliver Gatzke returns to his duties as Chief Executive Officer of Hellenic Bank, following a two-month Board-mandated absence, starting on October 10, 2022, due to statements and actions he had allegedly made, and to ensure the smooth conduct of the investigations surrounding them.

In particular, the reason for Gatzke's suspension was allegations made against him at the 48th annual general meeting of the bank by Nearchos Ioannou, Managing Director of Demetra Holdings Plc, the bank's major shareholder.

According to those allegations, Gatzke, in the context of a meeting between the bank's management and the staff, encouraged them to buy Hellenic Bank's shares as he allegedly stated its share price was undervalued and this would be to their benefit. Dimitra Investment had stated, 'it is not within the authority of the Chief Executive Officer to encourage any employee to buy shares.It is worth noting that the allegations against Oliver Gatzke have been placed under the microscope of the Cyprus Securities and Exchange Commission (CySEC). Following explanations given by both sides, the Board decided to reinstate Gatzke as CEO.


Kinanis LLC Merges With Andreas P. Siapanis & Associates LLC

The long-established law firm Kinanis LLC, integrates, by way of merger, the dynamic law ...

RSM Cyprus: Cyprus Tax Facts 2023

The RSM Cyprus Tax Facts 2023 publication includes important tax information on ...

PwC Global CEO Survey Finds CEOs Pessimistic About Global Economic Growth

Nearly three quarters (73%) of CEOs believe global economic growth will decline over the ...



Epic 5G Unlimited Max: Enjoy Everything Unlimited With Only €19,99 And Without Any Compromise

Do you want to have it all? Everything unlimited, with 5G speeds, at the lowest price, with the reliability of an award-winning network?

Miltos Michaelas Is The New Managing Director Of Alpha Bank Cyprus

The next step in Miltos Michaelas’ career, following his departure from the position of CEO at the Bank of Sydney, has finally become known after a long ...

Petrolina Electric Enters The Electricity Supply Market

Petrolina Electric, with expertise driven by innovation in the energy sector, embraces the energy transition with determination and adjusts today to the energy ...

Click On The Upgraded Website Of IAC That Improves Communication In The Insurance Industry

The renewed website of the Insurance Association of Cyprus (IAC) is ready to welcome its visitors. Easy to use and attractive, it is instrumental in enhancing ...

Tourism Minister Concludes Visit To New York And Washington To Promote Cyprus As Tourism Destination

Tourism Deputy Minister Savvas Perdios has concluded a first visit to Washington and New York with a view to gathering information and promoting Cyprus as a ...

Policy Framework For Sustainable Financing Allows Access To Additional Sources Of Financing, FinMin Says

The upcoming conclusion of the Policy Framework for the sustainable financing of Cyprus paves the way for sustainable financing, thus allowing the Republic of ...

New EU Rules On Dedicated Airspace For Drones Enter Into Force

As of Thursday, January 26, EU rules establishing a dedicated airspace for drones known as the U-space become applicable, allowing operators to provide a wider ...

Lefteris Christoforou Officially A New Member Of The European Court Of Auditors

Lefteris Christoforou gave the solemn undertaking provided for in the Treaties as one of the new members of the European Court of Auditors in a formal sitting ...