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Sesek announced a partnership agreement with the Cyprus International Institute of Management

Sesek announced a partnership agreement with the Cyprus International Institute of Management


The Cyprus Institute of Certified Management Consultants (Sesek) on Wednesday announced a partnership agreement with the Cyprus International Institute of Management (CIIM).

The partnership implies that Sesek awards the title of Associate CMC to CIIM graduates with a Master of Business Administration (MBA) degree.

In addition, CIIM will also facilitate the participation of Sesek members in a number of its specialized seminars, as well as offer them discounts on several of its postgraduate programs. The scope of the partnership in the future will be expanded through the implementation of joint actions and events that will be aimed at promoting and developing the profession of management consultant in Cyprus.

Sesek was founded in 2002 with the aim of improving the level and quality of consulting services to organizations and companies both in Cyprus and abroad. The Institute is a member of the International Council of Management Consulting Institutes (ICMCI) and the Cyprus Chamber of Commerce and Industry (Keve).

The Democratic Labor Federation of Cyprus (Deok) on Wednesday issued a statement on the Cyprus tax system and how it should be reformed.

“The tax system in Cyprus must be fair and balanced so that wealth and high incomes are taxed in order to increase public finances and help develop the economy,” the union said.

Moreover, in an open letter sent to Finance Minister Konstantinos Petrides on April 21, the union outlined its position on the issue, including how the state should approach the redistribution of wealth. “We see the fact that the tax framework is not adjusted for inflation as a significant drawback,” Deok said. “Furthermore, the transition of the tax system from direct to indirect taxes has disproportionately burdened low-income groups,” the union added.

Finally, the union also emphasized that “a serious problem for the tax system is the problem of widespread tax evasion, which should be addressed immediately and decisively.”

The Association of Civil Engineers of Cyprus (Spolmik) said that the issue of health and safety in the construction sector continues to be of paramount importance, especially in connection with the celebration of the annual Day of Remembrance of the Workers on 28 April.

Workers’ Memorial Day commemorates the hundreds of thousands of workers who are killed or injured on the job each year.

“The association encourages its members, as well as all professionals and organized participants in the construction sector, to take joint action to create a positive culture of safety and health,” said Spolmik. In addition, the association stressed that the prevention of accidents in the workplace should be a priority, and also called for increased investment in health and safety measures and procedures.

“At the same time, a sustainable economy is ensured, a healthy workforce is created and productive enterprises are supported,” the association explained.

The association also said that the construction sector has been severely affected by the adverse effects of the Covid-19 pandemic, further highlighting the need for professional health and safety measures.

“To this end, it is important to create a preventive safety and health culture so that the right to a safe and healthy work environment is respected at all levels. The state, employers and employees should actively participate in ensuring a safe and healthy working environment, giving priority to prevention,” the associations added.

In conclusion, the association stated that it will continue to prioritize safety and health issues and actively promote information and awareness among its members and the engineering community at large.

The Statistical Office of Cyprus (Cystat) reported that the total sales of petroleum products in March 2022 reached 119,870 tons, an increase of 10.5% year on year, while recording a quarterly growth of 23.5%. Supplies of aviation oil (297.3%), as well as sales of kerosene (61.9%), heating oil (54.9%), LPG (40.5%), fuel oil (39.5%) and gasoline (5 .6%).

On the contrary, sales of asphalt (-50.5%), fuel oil (-26.1%), diesel fuel (-3.9%), as well as oil supplies to ships (-7.7%) decreased. cent).

Sales from gas stations during this time increased by 7.2%, reaching 59,566 tons.

The total volume of sales of petroleum products in March 2022 compared to February 2022 increased by 3.4%.

It is indicative that stocks of aviation oil increased by 45.2%, sales of gasoline – by 13.5%, sales of diesel fuel – by 10.3%.Total oil reserves at the end of March 2022 decreased by 28.6 percent compared to the end of the previous month.

For the period from January to March 2022, the total volume of sales of petroleum products increased by 23.5 percent compared to the corresponding period of the previous year.

The Cyprus Stock Exchange (CSE) ended Wednesday, April 27, with losses.

The main Cypriot stock market index stood at 69.45 points at 12:30 pm during the day, reflecting a 0.32% drop from the previous trading day.

The FTSE/CySE 20 Index stood at 41.81 points, down 0.31%.

The total transaction value was 121,837 euros.

For sub-indices, the main and alternative indices decreased by 0.39% and 0.27, respectively.

The hotel business index also fell by 2.72%, while the investment companies index remained stable.

Bank of Cyprus (no change), Cyprus Cement Company (-2.4%), Logicom (no change), Hellenic Bank (-0.78%) and CCC Tourist Enterprises (-7.69%) attracted the highest investment interest. cent).

Source and photo:, Editor

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