Cyprus Business Now

Students from the Department of Civil and Environmental Engineering at the University of Cyprus recently engaged in an educational initiative with Cyfield Group, according to an announcement released on Monday.

The announcement explained that the collaboration aimed to offer students an immersive experience in real-world construction projects.

Led by professor Ioannis Balafas, students visited the T-Capital construction site, where they were given a tour by project director George Amvrosiou.

Moreover, before exploring the T-Capital project, students received mandatory safety training from Health and Safety Officer George Tsielapis and were equipped with necessary personal protective gear.

Following that, Amvrosiou and Site Civil Engineer Gregoris Gregoriou accompanied students, offering technical insights into the project’s design and construction phases while navigating through the building’s floors.

“The visit encouraged students to ask questions and express their curiosity about the ongoing project,” the announcement noted.

After the site visit, students were hosted at Cyfield Group’s headquarters for refreshments and discussions with company personnel, allowing them to engage in conversations with industry professionals, discussing various career-related topics and exchanging thoughts on potential career paths within the company.

“The educational visit concluded positively, solidifying the commitment to further collaboration between Cyfield Group and the University of Cyprus,” the announcement concluded.

The Research and Innovation Foundation (RIF) has announced that it has extended the deadline for proposals to its groundbreaking Disrupt programme following a surge in interest from the research, innovation, and technology community.

With the second deadline having closed on December 1, 10 proposals had already been submitted, prompting the announcement of a new closing date, with that being March 22, 2024.

The Disrupt programme, a pioneering initiative in Cyprus, blends public funding with private equity to bolster the rapid growth of businesses in global markets.

In response to the increased demand, an additional €3 million budget has been allocated for this extended deadline.

Recognising the innovative prowess of Cypriot companies and their potential for international expansion, the RIF remains committed to supporting their growth.

Through an array of financial tools and support services, the foundation continues to champion these companies’ efforts to innovate and thrive on a global scale.

“Cypriot companies are proving time and again that they can innovate and expand internationally,” the foundation said in its announcement.

“The RIF supports their efforts with a wide array of financial tools and support services,” it added.

The European Union’s Commissioner for Agriculture and Rural Development Janusz Wojciechowski is gearing up for the 4th high-level Business Delegation to China, scheduled between April 21 and 26, 2024, according to an announcement by the Cyprus Chamber of Commerce & Industry (Keve).

The primary aim of this mission, Keve said, is to bolster the presence of agricultural products from the European Union (EU) in the expansive Chinese market.

This high-profile visit intends to hold crucial meetings with key figures, including the Chinese Minister of Agriculture and Rural Affairs, the Minister of Commerce, and other government officials.

Beyond addressing pertinent political matters, the mission seeks to foster direct engagement between EU and Chinese businesses.

Discussions will centre on streamlining market access and establishing stronger ties between European and Chinese companies within the agricultural sector.

To this end, the Cyprus Chamber of Commerce and Industry (Keve) extended an invitation to all interested agricultural businesses in Cyprus to participate in this mission.

Interested parties are encouraged to express their interest in joining through a dedicated link, https://ec.europa.eu/eusurvey/runner/HLM_China_April_2024, no later than December 19, 2023.

The selection of business representatives to accompany Commissioner Janusz Wojciechowski will consider various criteria, including the geographical spread and the significance of the agricultural products represented.

For further inquiries and information, Socrates Socratous, Senior Officer at the Ministry of Agriculture, Rural Development, and Environment, can be reached at telephone number 22-408311 or via email at ssokratous@da.moa.gov.cy.

The Ministry of Foreign Affairs has announced Cyprus’ re-election to the International Maritime Organisation Council for the 2024-25 period, securing 132 votes.

An official statement shared on the ministry’s social media account, highlighted the collaborative efforts between the Ministry of Foreign Affairs and the Deputy Ministry of Shipping, underscoring Cyprus’s consistent position within the council, a status held since 1987.

Finally, the ministry expressed gratitude to all involved parties, extending congratulations for their contributions to this re-election.

The Cyprus Stock Exchange (CSE) ended Monday, December 4 with losses.

The general Cyprus Stock Market Index was at 132.02 points at 12:45 during the day, reflecting a decrease of 0.14 per cent over the previous day of trading.

The FTSE / CySE 20 Index was at 80.10 points, representing a drop of 0.14 per cent.

The total value of transactions came up to €51,351 until the aforementioned time during trading.

In terms of the sub-indexes, the main and investment firm indexes decreased by 0.44 per cent and 0.48 per cent respectively. The alternative index rose by 0.54 per cent while the hotel index remained stable.

The biggest investment interest was attracted by the Cyprus Cement Company (+2.36 per cent), Vassiliko Cement Works Public Company (+0.65 per cent), Logicom (no change), the Bank of Cyprus (no change), and Hellenic Bank (-0.44 per cent).