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The Research Foundation’s chairman Nikolas Mastroyiannopoulos announced on Wednesday two new security and defence programmes.

The programmes are worth a total of €3 million and are part of Cyprus’ recovery and resilience plan.

“Our goal is to upgrade the capabilities of Cypriot institutions involved in the field of dual-use technologies, in order to strengthen their competitiveness and increase our country’s successful participation in the European programmes Horizon Europe and European Defence Fund (EDF),” Mastroyiannopoulos said.

Mastroyiannopoulos’ comments came within the framework of a workshop run by the Ministry of Defence.

The workshop took place on Tuesday and Wednesday of this week with the aim of exploring the potential of the Cypriot research and redevelopment ecosystem in the field of Defense and Security, as well as the strengthening of the collaborations between the relevant bodies.

According to a Cyprus Statistical Service report released on Wednesday, the Turnover Value Index of Wholesale Trade rose noticeably between January and June of this year, recording an increase of 10.1 per cent year-on-year. compared with the same period last year.

The statistical service reported that the turnover Value Index of Sales and Repair of Motor Vehicles was also up by 17.7 per cent compared with the same period of the previous year.

In the second quarter of 2021, the Turnover Value Index of Wholesale Trade saw an increase of 28.6 per cent compared with the same period in 2020.

Finally, the Turnover Value Index of Sales and Repair of Motor Vehicles increased by 37.4 per cent year-on-year.

The Cyprus Stock Exchange (CSE) ended Wednesday, September 22, with slight losses.

The main Cyprus Stock Market Index was at 66.32 points by 13:19 during the day, reflecting a decrease of 0.08 per cent over the previous day.

The FTSE / CySE 20 Index was at 39.63 points, representing losses of 0.08 per cent. The total value of transactions came up to €26,532.

In terms of sub-indexes, the hotel and investment firms indexes fell by 4.07 per cent and 0.46 per cent respectively, while the main index rose marginally by 0.05 per cent.

The biggest investment interest was attracted by Vassiliko Cement Works (€6,288 worth of trades, no change to stock price), Logicom (+0.63 per cent), Atlantic Insurance (+1.94 per cent), Salamis Tours (-0.62 per cent) and The Cyprus Cement (-0.95 per cent).