Cyprus Business Now

Justice Minister Stefi Drakou on Thursday held a meeting with Institute of Certified Public Accountants (Selk) president Pieris Markou, with their discussion focusing on the implementation of the anti-corruption legal framework and the reform of the judiciary.

The minister informed the Selk representatives about the implementation process of the three anti-corruption bills, which were recently approved by parliament.

She also noted that the contribution of Selk in this effort will be decisive, due to Markou’s participation in the advisory council that will determine the candidate members of the Authority against Corruption.

For his part, the Selk president expressed his satisfaction with the creation of the necessary legal framework to combat corruption and stated his readiness to contribute by any means to the effort of implementation and practical implementation of the bills.

There was a 10.1 per cent decrease in the total registrations of motor vehicles in February 2022, compared to the corresponding period last year, according to a report by the Cyprus Statistical Service (Cystat).

There were 2,808 motor vehicle registrations in total, compared to 3,123 in February 2021.

In terms of saloon passenger cars, registrations decreased by 4.7 per cent, reaching 2,331 from 2,446 in last February.

Between January and February 2022, the total number of registered vehicles decreased by 17 per cent year-on-year, reaching 5,441 compared to 6,554 the same period in 2021.

Regarding the registrations of passenger cars, they decreased by 13.5 per cent, reaching 4,478 compared to 5,178 in the corresponding period of 2021.

Moreover, 2,212 of all passenger cars (49.4 per cent) were new vehicles, while 2,266 (50.6 per cent) were used vehicles.

The Cyprus Stock Exchange (CSE) ended Thursday, March 10 with profits.

The main Cyprus Stock Market Index was at 64.50 points at 13:02 during the day, reflecting a rise of 0.19 per cent over the previous day of trading.

The FTSE / CySE 20 Index was at 38.71 points, which represents an increase of 0.21 per cent.

The total value of transactions came up to €32,577.

In terms of the sub-indexes, the main and hotel indexes rose by 0.64 per cent and 0.42 per cent respectively.

The investment firm index fell by 1.48 per cent, while the alternative index also decreased by 0.24 per cent.

The biggest investment interest was attracted by Vassiliko Cement Works (no change), the Cyprus Cement Company (+0.98 per cent), the Bank of Cyprus (-0.66 per cent), Hellenic Bank (+2.01 per cent) and Atlantic Insurance (-3.87 per cent).