24.08.2022
Cyprus-based Point Nine announced on Tuesday that it has been named one of the top 50 companies to watch in 2022 by The Silicon Review, one of the world’s leading publications for business and technology professionals.
“At a time when Cyprus is dynamically positioning itself on the world map as one of the fastest growing destinations for companies specializing in technology, research and innovation, the Cypriot company Point Nine comes to confirm and support this fact,” the company said in a statement. . This is the second year in a row that Point Nine has been selected for inclusion in The Silicon Review’s aforementioned list.
The publication notes that Point Nine continues to be considered a successful company to watch, while highlighting the company’s successful operating model as a special reference point.
The Cypriot company has to deal with a very demanding and specialized field that combines financial issues with technology, with their main activity related to the preparation of compliance reports that are used for transactions. Moreover, from 2015 to the present, Point Nine has collaborated and reported on over 7 billion transactions on behalf of over 100 organizations.
As compliance rules become more stringent, the process becomes more complex and therefore requires more funds and human resources to be allocated to it.
“It is particularly gratifying that our company is on this list for another year along with other well-known companies in a very demanding and ever-changing sector,” said Andreas Roussos, CEO of Point Nine. For a company like Point Nine with customers all over the world, this event strengthens their trust in us and makes us a reliable service provider. On an operational level, we continue to develop our products and services to meet the ever-growing needs of our customers in order to comply with Regulations and compliance directives worldwide, including European directives (EMIR, MiFIR, SFTR), ASIC in Australia, MAS in Singapore and FinfraG in Switzerland,” concluded Roussos.
In the second quarter of 2022, the Transport and Storage Turnover Index reached 130.6 points (2015 base = 100), according to data released this week by the Cypriot Statistical Office (Cystat). This represents an increase of 47.9% compared to the corresponding quarter of 2021.
For each category of economic activity, compared to the same quarter of the previous year, an increase in air transport by 425.1%, water transport by 48.4%, land transport by 47.3%, as well as storage and transport provision was recorded . activities by 36.6%. In addition, postal and courier activity recorded a decline of 3.9%.
For the period from January to June 2022, the turnover index of transport and warehousing services increased by 44.6% compared to the corresponding period in 2021.
The Cyprus Stock Exchange (CSE) ended Tuesday, August 23, with losses.
The overall Cypriot stock market index stood at 72.83 points at 13:10 during the day, reflecting a 0.44% drop from the previous trading day.
The FTSE/CySE 20 Index stood at 43.69, down 0.43%.
The total transaction value was 84,379 euros.
As for the sub-indices, the main and alternative indices declined by 0.38% and 0.21%, respectively, while the hospitality and investment companies indices remained stable.
Bank of Cyprus (-1.6%), Hellenic Bank (+0.43%), KEO Plc (-2.17%), Logicom (+0.57%) and Vassiliko Cement Works (no changes) attracted the highest investment interest ).
