Cyprus Business Now: bank exit scheme, economic index, Limassol initiative

Hellenic Bank is preparing to launch a new voluntary early retirement scheme aimed at reducing its workforce by a substantial number of employees, with completion targeted by the end of 2025, it emerged on Tuesday.

According to reports, which have been backed up by sources who spoke to the Cyprus Mail, the scheme will offer compensation capped at €200,000.

The exact figure will be determined by various parameters, such as