06.07.2022
The Deputy Ministry of Research, Innovation and Digital Policy on Tuesday announced that Minister Kyriakos Kokkinos is taking part in the Government’s 26th Annual Roundtable of Economists, which runs from July 5 to 7.
As part of the conference, the minister will take part in a round table on the topic “Digital transformations are on the way”.
The roundtable will also be attended by Greek Minister of Digital Governance Leonidas Christopoulos and Senior Researcher at the Institute for Biomedical Ethics at the University of Zurich Effi Wagena.
In addition, the participants of the round table will discuss with stakeholders of the international business community a number of topics, including international trends, as well as risks and challenges associated with the digital transition.
Finally, Kokkinos will also hold bilateral talks with foreign colleagues, as well as with other government officials and representatives of the business community.
National investment promotion agency Invest Cyprus released a statement on Tuesday summarizing the recent International Investment Awards event.
The event took place on Friday 1 July at the Parklane Hotel in Limassol.
“The event rewarded foreign investors who have entrusted our country as an ideal place to develop their business case for investment in Cyprus,” the agency said in a statement.
“Prominent business figures, as well as representatives of the political and state leadership of the country, took part in the prestigious event, which was held under the auspices of the President of the Republic,” the ministry added.
Moreover, Invest Cyprus stated that the impact of foreign investment is of key importance for the sustainable development of the Cypriot economy.
“At Invest Cyprus, we are confident that, in line with Vision Cyprus 2035, international business clusters will continue to grow in the coming years, adding new niche areas, contributing to several sectors of the economy and increasing the investment attractiveness of new projects. This was stated by the chairman of Invest Cyprus, Eugenios Evgeniou.
Eugene also confirmed that Invest Cyprus, with the support of the Ministry of Finance and in cooperation with all ministries, will strengthen its promotional activities and activities abroad in order to attract foreign direct investment to Cyprus.
The Cyprus Maritime Club, a non-profit organization that works with numerous maritime industry stakeholders, announced on Tuesday that it has elected a new board of directors for the coming year.
The elections, which took place during the club’s annual general meeting on Friday 1 July, saw the re-election of the current president, Captain Eberhard Koch.
“It is with great pleasure that I address you for the sixth time in my capacity as President of the Cyprus Nautical Club, a position I have gratefully accepted since 2018,” said Koch.
“Welcoming happy faces at our events and representing the Club is an honor that gives me many personal achievements,” he added.
Koch acknowledged the current set of difficulties facing Europe, including the ongoing Covid-19 pandemic as well as the war in Ukraine.
However, he said he is optimistic, noting that he hopes “as with all difficult issues, later this year we will be able to look to the future with a positive outlook.”
In addition, Koch thanked both members and board members of the club for their support over the past two years.
“The consensus is that despite the problems mentioned, last year was a very successful year for the club,” said Koch.
“This would not have been possible without the hard work and perseverance of the board and volunteers who have invested their time and skills in improving and supporting our club,” he added.
“As a non-profit organization, our goal is to deliver a value-added event accessible to members while maintaining CMC’s financial strength and flexibility,” he concluded.
The Cyprus Stock Exchange (CSE) ended Tuesday, July 5 with losses.
The overall Cypriot stock market index stood at 67.30 points at 13:33 during the day, reflecting a 0.5% drop from the previous trading day.
The FTSE/CySE 20 Index stood at 40.26 points, down 0.49%.
The total transaction value was 91,380 euros.
For sub-indices, the main and alternative indices decreased by 0.47% and 0.35%, respectively.
The investment company index rose by 5.56%, while the hotel index remained stable.
Bank of Cyprus (-1.98%), Logicom (+2.86%), Hellenic Bank (-4.76%), Demetra Holdings (+5.98%) and Vassiliko Cement Works (-1 .53%).
