22.09.2022
Point Nine, a Cypriot company, this week announced the success of its third annual conference at the Four Seasons Hotel in Limassol on Friday, September 16th, bringing together a range of stakeholders from the international compliance sector.
“The conference became a center of attraction for dozens of business leaders from Cyprus and abroad, while the presence of the heads of Cypriot banking institutions and financial service providers was strong,” the company said in a statement.
In one of the largest gatherings of executives from the compliance services industry, participants had the opportunity to visit prestigious speakers from leading international companies such as FIS Global, Kaizen Reporting, b.fine, Alpha FMC, First Derivative, as well as heads of local banks and other firms financial sector.
Particular attention was paid to the compliance of transactions with regulatory requirements, the latest regulatory developments in finance and professional services, as well as the latest technology updates that are shaping the industry.
There was also interest in a workshop on the revised provisions of the EMIR Refit Directive, to be implemented in both the European Union and the UK in the first months of 2024.
In addition, Director General of the Ministry of Finance George Pantelis and Executive Member of the Board of Directors of the Central Bank of Cyprus Maria Herakleous spoke at the conference.
Chairman of the Board of Directors and one of the founders of Point Nine Yannis Matsis welcomed the participants of the conference and emphasized the importance of compliance in a rapidly changing environment, highlighting their contribution to ensuring safety and preventing undesirable situations.
Point Nine CEO Andreas Roussos expressed his satisfaction with the active participation and keen interest shown, as well as the useful lessons learned from the event, both from the presentations and discussions held, and from the aforementioned dedicated workshop.
“It is with special joy and satisfaction that we welcomed friends and partners to the conference,” Roussos said.
“The presence of senior leaders of international organizations is an honor for us at Point Nine and at the same time confirms the recognition that not only our company, but also Cyprus enjoys as a center for providing outstanding professional services,” he said. concluded.
State-owned asset management company Kedipes this week announced that it will pay a total of 60 million euros to the government in the third quarter as part of the state aid repayment program.
After the repayment amount for the third quarter of 2022, Kedipes’ state aid payments have reached a total of 800 million euros since the company’s inception in 2018.
Last year, Kedipes paid out 250 million euros in state aid for all of 2021, with payments in the fourth quarter totaling 60 million euros.
The Sewerage Council of Limassol (Sala) this week announced the signing of a cooperation agreement with the Department of Chemical Engineering of the Cyprus Technological University (Tepak).
“The agreement aims to establish formal cooperation between the two organizations in various areas of common interest,” the board said in a statement.
“The purpose of this agreement is to define a methodology for charging and billing for excess industrial waste discharged into the public sewer system of Limassol in order to achieve the effective implementation of the European Polluter Pays principle, serve the public interest and provide research and development opportunities for the Faculty of Chemistry and Technology university,” he added.
Both organizations expressed their confidence that the implementation of the agreement will be mutually beneficial and will help both the university and the council achieve their goals.
The Cyprus Stock Exchange (CSE) ended Wednesday 21 September with a profit.
The overall Cypriot stock market index stood at 75.03 points at 13:30 during the day, reflecting an increase of 0.78% from the previous trading day.
The FTSE/CySE 20 index stood at 45.03 points, up 0.04%.
The total transaction value was 65,871 euros.
In terms of sub-indices, the main, alternative, investment firms and hotel indexes rose by 1.33%, 0.02%, 0.94% and 0.17% respectively.
Bank of Cyprus (+0.38%), Hellenic Bank (+3.16%), Logiom (+0.58%), Demetra (+1%) and Petrolina (no change) generated the highest investment interest.
