synergies

Hermes Airports “Green” Lemonade joins forces and returns

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Hermes Airports “Green” Lemonade joins forces and returns

Hermes Airports partners with KEAN and Foody for the “Green Lemonade” project, selling homemade lemonades to support the Cyprus Department of Forests. The project involves collecting lemons from airport trees, producing lemonade without preservatives, and using proceeds for environmental initiatives. The collaboration aims to promote sustainable development and circular economy practices, giving back to nature through green actions.

T-Mobile to buy US Cellular, ’s wireless operations in $4.4 billion deal

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T-Mobile to buy US Cellular, ’s wireless operations in $4.4 billion deal

T-Mobile will buy almost all of US Cellular’s wireless operations, including customers, stores, and 30% of its spectrum assets, in a deal valued at .4 billion.

CSE to partner with Hellenic Energy Exchange on renewable energy initiative

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CSE to partner with Hellenic Energy Exchange on renewable energy initiative

The Cyprus Stock Exchange (CSE) and the Hellenic Energy Exchange (HEnEx) will sign a Memorandum of Understanding (MOU) governing negotiations on the secondary market of Guarantee of Origin certificates from renewable energy sources.

Hellenic Bank Q1 profits up, landmark deals in 2024

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Hellenic Bank Q1 profits up, landmark deals in 2024

Hellenic Bank announced first quarter profits of €93.3 million, up 34% year on year, but 25% below the previous quarter. Net interest income rose to €151 million, up 40% year on year. The bank has reached agreements for the renewal of a labor collective agreement and to strengthen its insurance operations. New lending in the first quarter reached €208 million, with a focus on retail customers. The bank has a liquidity coverage ratio of 580%.

Google acquiring HubSpot would bolster bid to challenge Microsoft

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Google acquiring HubSpot would bolster bid to challenge Microsoft

Google is considering acquiring HubSpot, a US marketing software maker with a market value of billion, to enhance its ability to compete against Microsoft in offering cloud-based applications to companies.

Cypriot and Greek ministers discuss migration

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Cypriot and Greek ministers discuss migration

Interior Minister Constantinos Ioannou and Greek Cypriot Minister of Maritime Affairs and Insular Policy Christos Stylianides discussed migration and the Greece-Cyprus INTERREG Cross-Border Cooperation Programme. They emphasized the importance of supporting countries in the Eastern Mediterranean region, particularly Lebanon, in strengthening their migrant reception and hosting systems. The successful implementation of the cooperation programme led to institutionalized collaboration between the two countries to address challenges in managing migratory flows. A new strategic project involving the procurement of surveillance vehicles was submitted for the new programming period 2021-2027. Both ministers reaffirmed their high level of cooperation and agreed to explore additional synergies to increase readiness and response to operational challenges.

Timur Turlov discusses Cyprus operations: Freedom24, ’s key to European market

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Timur Turlov discusses Cyprus operations: Freedom24, ’s key to European market

Fact: Freedom Holding Corp. is planning to obtain banking licenses in Cyprus as part of its strategic priorities.

Moody, ’s gives thumbs up to HB’s CNP deal

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Moody, ’s gives thumbs up to HB’s CNP deal

Hellenic Bank’s takeover of CNP Assurances’ regional operations will allow it to dominate the local insurance market, giving it a 30% share of the life insurance market and a 23% share of the general insurance sector.

Moody, ’s welcomes Hellenic Bank acquisition of CNP Cyprus

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Moody, ’s welcomes Hellenic Bank acquisition of CNP Cyprus

– Moody’s has given a positive assessment on Hellenic Bank’s move to acquire CNP Insurance in Cyprus and Greece.
– The acquisition will position Hellenic Bank Group as the leader in the Cypriot insurance market.
– The acquisition price of €182 million is expected to be recovered through retained earnings.
– The agreement is likely to include the 330 CNP employees.
– The potential acquisition will strengthen Hellenic Bank’s activities in the life insurance and general insurance sectors.
– The transaction will enhance the diversification and sustainability of Hellenic’s profitability.
– The combination of insurance activities will result in synergies and create opportunities for product distribution.