Cyprus Business Now

The Cyprus University of Technology (Tepak) has signed an agreement for the opening of a satellite school in Paphos.

Specifically, the university will run a tourism, hospitality and entrepreneurship school at the Attikon multicultural space in the city.

The deal was signed by Paphos mayor Phedonas Phedonos and university dean Panayiotis Zaphiris.

Phedonos said that the opening of the school is one of the most important actions to take place during his tenure, explaining that having credible educational institutes in close proximity can benefit cities in multiple ways.

During his own speech, Zaphiris said that the university is ‘evolving into an ambitious, daring and outward-looking institution’.

The total number of people employed by the government rose by 0.9 per cent during October of this year.

The additional 495 people hired by the government brought the total figure to 53,008 people, according to the Cyprus Statistical Service (Cystat).

Permanent government employees decreased by 2.4 per cent, with the total figure dropping to 26,325 people.

Temporary government staff rose by 7.2 per cent, reaching a total of 18,325 employees. The same figure stood at 17,090 people in October of 2020.

When compared to the same month of the previous year, the biggest staff increase was observed in the field of education with 3.1 per cent.

The Cyprus Stock Exchange (CSE) ended Thursday, November 11 with marginal losses.

The main Cyprus Stock Market Index was at 65.37 points by 13:25 during the day, reflecting a drop of 0.09 per cent over the previous day.

The FTSE / CySE 20 Index was at 39.07 points, representing a decrease of 0.1 per cent. The total value of transactions came up to €26,105.67.

In terms of sub-indexes, the main index, alternative index and hotel index fell by 0.02, 0.19 and 0.13 per cent respectively. The investment firm index remained stable.

The biggest investment interest was attracted by Bank of Cyprus Holdings (no change), Logicom (no change), CCC Tourist Enterprises (-0.73 per cent), Louis (-0.79 per cent) and Pandora (-2.8 per cent).