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News in Brief

Celebrating ships
THE INTERNATIONAL shipping community yesterday celebrated the Day of the Seafarer, with the Cyprus Shipping Chamber highlighting the 55,000 seafarers serving onboard ships operated by its Cyprus-based members.
The Chamber said Cyprus was one of the first countries to ratify the Maritime Labour Convention 2006, which upgrades the working conditions of seafarers on ships and establishes minimum levels of work hours.
The Cyprus ship registry today ranks tenth among international fleets and third in the EU. Cyprus is also a major ship management centre worldwide, with approximately 60 ship management companies operating on the island.

Culture post
CYPRIOT MP Nicos Nicolaides has been unanimously elected as chairman of the Parliamentary Assembly of the Council of Europe’s Subcommittee on Culture, Diversity and Heritage.
Nicolaides was vice-chairman of the Subcommittee from last January.
Presenting his candidacy before the Subcommittee members, the EDEK MP for Limassol underlined his continuous interest in cultural issues, stemming from the fact he comes from a multicultural country.
He noted that if suitably handled, cultural issues could become a bridge of conciliation between people instead of a source of friction.
Niocolaides vowed to exert every effort to promote the subcommittee’s significant role based on its mandate.

New financial commissioner
A FINANCIAL Commissioner has been appointed and will assume his duties on July 1 to deal with complaints against financial institutions, the Board of the Financial Ombudsman announced yesterday.
The Board said that with the appointment of Pavlos Ioannou as financial commissioner all procedures related to the Financial Ombudsman and its organisational structure will proceed swiftly.

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