Bank of Cyprus concludes Ukraine, Banca Transilvania sale

Bank of Cyprus announced on Friday that it had completed the sale of both its Ukrainian business and stake in the Romanian Banca Transilvania as part of its overseas deleveraging process. Both transactions have been achieved ahead of plan, contributing to a further de-risking of the bank’s balance sheet and enhancement of its liquidity position, the bank said in an announcement, according to financialmirror.com.

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Welcome to Techsylvania

Cluj-Napoca in Romania, will be hosting a complex event on May 31 , a hackathon named Techsylvania, which will be focused around wearable and connected devices, attracting the vast pool of talent available in the city and continuing on June 2 with a one day conference that will bring to the audience some of the most respected professionals in the field of international technology, according to digjitale.com.

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