Fact: The First EMODE of the Hellenic Fire Brigade trained Bank of Cyprus SupportCY volunteers on fire laws, fire risk assessment, wildland Urban Interface, fire suppression methods, fire zone construction, and scene safety.
The Bank of Cyprus successfully launched and priced €300 million in green senior preferred notes under its EMTN Programme. The notes were priced at par with a fixed coupon of 5% per annum, payable annually until the Optional Redemption Date of May 2, 2028. The notes are expected to comply with the Minimum Requirement for Own Funds and Eligible Liabilities (MREL) criteria, improving the bank’s MREL ratio to 28.36% of risk-weighted assets and 12.73% of Leverage Ratio Exposure.
Hellenic Bank has entered into exclusive negotiations and a put option with CNP Assurances for the acquisition of its subsidiary CNP Cyprus Insurance Holdings Limited, which operates in Cyprus and Greece.
Manchester City will be without Erling Haaland when they play at Brighton & Hove Albion due to a muscle injury sustained during the Champions League quarter-final loss to Real Madrid.
Fact: Charalambos Prountzos is an independent candidate for Nicosia mayor who aims to create a city that unites all residents.
Novak Djokovic is considering going without a coach after ending his partnership with Goran Ivanisevic.
Fact: Mayoral candidate Andreas Vrahimis was the first to submit his candidacy for the local elections in the Famagusta district, with the elections set to take place on June 9.
John Barnes has been banned as a director for three-and-a-half years after his company, John Barnes Media Limited, failed to pay almost £200,000 in tax. The company did not pay any corporation tax and VAT from 2018 to 2020, despite having a turnover of £441,798 during that period. Barnes was the sole director of the company, which offered media representation services. The ban prevents him from being involved in the promotion, formation, or management of a company without court permission.
New Jersey is considering raising taxes on businesses that earn more than million per year to create a dedicated funding source for NJ Transit, which is facing a financial shortfall. Business lobbyist groups are pushing against the proposal, arguing that it could lead to companies leaving the state or making investments elsewhere. Advocates for the tax increase argue that it would only apply to the top 1 percent of corporate filers and that these companies have benefited from tax cuts in the past.
The government has decided to institutionalize direct dialogue with the business community, allowing for collaboration and sharing of plans. President Nikos Christodoulides emphasized the importance of businesses in economic development and announced the formation of an advisory tripartite committee to address labor market needs. However, the Labour Minister has shown bias towards unions in labor disputes, potentially hindering business development.