Cyprus Business Now

The University of Cyprus announced on Wednesday that it has signed a partnership agreement with the Cyprus Marine and Maritime Institute (CMMI).

The partnership will encompass cooperation in the fields of shipping and maritime research, technological development and innovation.

The agreement was signed by the Rector of the University of Cyprus Tasos Christofides, Larnaca mayor Andreas Vyras, and CMMI Chief Executive Officer Zacharias Siokouros.

“A key objective is to facilitate and encourage the participation of researchers in maritime and marine research,” a statement by the stakeholders said.

“Furthermore, the cooperation aims at informing and informing the wider society in relation to blue initiatives, challenges and perspectives,” the statement added.

According to the Cyprus Statistical Service (Cystat), total employment rose by 1.6 per cent year-on-year during the third quarter of 2021.

Moreover, total working hours also increased, rising by 3.8 per cent year-on-year.

In terms of the total number of employed persons during the third quarter, Cystat puts this at 453,325 people, of which 405,259 are employed and 48,166 are self-employed.

The biggest percentage increases were observed in the areas of accommodation and catering services, information and communication services, construction, as well as transport and storage.

Regarding total working hours, these were estimated to be 194,760 hours in the third quarter of the year.

The Cyprus Stock Exchange (CSE) ended Wednesday, December 8 with minor profits.

The main Cyprus Stock Market Index was at 66.43 points at 13:26 during the day, reflecting a rise of 0.17 per cent over the previous day of trading.

The FTSE / CySE 20 Index was at 39.79 points, which represents a 015 per cent increase.

The total value of transactions came up to €31,824.31.

In terms of sub-indexes, the main index rose by 0.12 per cent, while the alternative index increased by 0.2 per cent. The investment firm and hotel indexes remained stable.

The biggest investment interest was attracted by the Bank of Cyprus (+0.49 per cent), Logicom (-1.83 per cent), Pandora (+5.26 per cent), Hellenic Bank (+0.98 per cent) and Louis (-1.23 per cent).