13.09.2022
Private healthcare company Laertes Health LTD on Monday announced that it had finally approved the necessary building permit for a private hospital in Nicosia. The hospital, a 4-storey building in the municipality of Engomi, will be built on land allocated by the Church of Cyprus.
The building was designed by Texas-based international architecture firm HKS, as well as MDG Architects, a Cypriot design firm specializing in high-end hospital design.
According to the submitted environmental report, the proposed development will consist of one building with a basement, basement, four basements and a roof garden.
Development is scheduled to begin in January 2023, with a soft opening due in 2025.
Ask WiRE, a Cypriot fintech company that collects and analyzes property values and other attributes across Europe, on Monday announced the opening of its office in Athens.
The company said it aims to increase the transparency of the Greek real estate market and provide the necessary infrastructure for banks, insurers, financial institutions, real estate investors and others to tailor their products and services and facilitate online sales.
The company’s new office will be located within the Eurobank EGG program, which provides significant support to start-ups and young businesses through office space, mentoring, hands-on business training and networking opportunities.
The EGG initiative began in May 2013 and has helped more than 1,000 entrepreneurs from Greece and other countries create more than 275 start-ups to date.
“Greece has one of the most dynamic startup ecosystems in Europe, with government and corporations being very active in the digital transformation of the economy and their product offerings,” said Pavlos Loizou, CEO of Ask WiRE.
“This, along with increased activity in the real estate industry, a very diverse geophysical landscape and a surge in energy prices, offers us real opportunities for collaboration and the ability to deploy our solutions,” he added.
Loizou concluded by saying that the company hopes to lay a solid foundation for its Greek division and make a valuable contribution to the country’s growing tech ecosystem.
According to a report released on Monday by the Statistical Office of Cyprus (Cystat), in August 2022, the number of civil servants in Cyprus increased by 149 people, up 0.3 percent compared to the corresponding month of 2021, reaching a total of 52,470 people.
The permanent staff decreased by 703 (2.6%) from 26,568 to 25,865.
In terms of temporary staff, it increased by 844, up 4.9% year-on-year, to 18,120, up from 17,276 in August 2021.
In addition, there was an increase in all categories of personnel, with the exception of members of the security forces, whose number decreased by 2.1%.
According to the report, the largest growth occurred in the field of public education, where the staff increased by 2.5%. This is due to an 11.8 per cent increase in temporary staff.
Compared to July 2022, August 2022 saw a reduction across all categories of staff, with the largest reduction in public education at 4.2%, driven by an 11.1% reduction in temporary staff.
The Cyprus Stock Exchange (CSE) ended Monday, September 12, with losses.
The overall Cypriot stock market index stood at 74.30 points at 12:50 pm during the day, reflecting a 0.09% drop from the previous trading day.
The FTSE/CySE 20 Index stood at 44.56 points, down 0.11%.
The total transaction value was 176,135 euros.
As for the sub-indices, all indices of the main, alternative, investment firms and hotels decreased by 0.06%, 0.29%, 2.36% and 0.47%, respectively.
Bank of Cyprus (+0.37%), Demetra (unchanged), Cyprus Cement Company (-1.53%), Hellenic Bank (+0.88%), as well as Alkis H. Hadjikyriacos – Frou Frou Biscuits (-0.82%).
