The Cyprus Chamber of Commerce and Industry (Keve) on Monday announced that it successfully held an event on April 5 on nanotechnological solutions in Cypriot companies.

The event, which also explored networking opportunities and potential collaborations, was organised in collaboration with the Czech embassy in Cyprus and the Cyprus-Czech Republic Business Association.

According to a Keve statement, the aim of the event was to inform companies about nanotechnology as a new science and its applications in various fields such as information technology, medicine, textiles, engineering, and the agricultural and food sector.

In addition, the presentation also examined the potential benefits of nanotechnology, such as the better use of natural and energy resources, the development of innovative products with new functionalities and special features, improved competitiveness, as well as the transition to the green economy and preventing climate change.

The event was also attended by students, researchers and business executives.

“Keve welcomes and encourages the participation of students in business events because they contribute to the acquisition of knowledge and experience, the development of entrepreneurial spirit in young scientists, and familiarise them with the business environment,” the chamber said in a statement.

 

Sales of motor vehicles fell sharply in March, decreasing by 24.3 per cent year-on-year, according to a report by the Cyprus Statistical Service (Cystat).

This is the third consecutive month in 2022 that sales of motor vehicles declined.

This decrease follows the annual drop of 10 per cent 23 per cent in February and January respectively.

In the first three months of the year, sales of motor vehicles decreased by 19.4 per cent compared to the corresponding period of 2021.

Moreover, in March 2022, the total registrations of motor vehicles reached 2,431, recording a decrease of 24.3 per cent, compared to 3,210 in March 2021.

Saloon passenger car registrations fell 19.8 per cent to 1,904 from the previous figure of 2,375 in March 2021.

In the first quarter of 2022, the total number of registered vehicles decreased by 19.4 per cent, falling to 7,872, compared to 9,764 during the same period of 2021.

Registrations of saloon passenger cars decreased by 15.5 per cent to 6,382 vehicles, compared to 7,553 in the corresponding period of 2021.

Of the total saloon passenger cars, 3,060 (47.9 per cent) were new vehicles while 3,322 (52.1 per cent) were previously owned.

 

The Cyprus Stock Exchange (CSE) ended Monday, April 11 with losses.

The main Cyprus Stock Market Index was at 67.02 points at 13:18 during the day, reflecting a drop of 0.24 per cent over the previous day of trading.

The FTSE / CySE 20 Index was at 40.29 points, which represents a decrease of 0.25 per cent.

The total value of transactions came up to €181,746, a relatively high amount considering recent trends.

In terms of the sub-indexes, the main and alternative indexes fell by 0.1 and 0.14 per cent respectively.

The hotel index remained stable, while the investment firm index rose by 0.49 per cent.

The biggest investment interest was attracted by Vassiliko Cement Works (+0.53 per cent), the Bank of Cyprus (+1.27 per cent), the Cyprus Cement Company (+0.81 per cent), and K+G Complex (+1.49 per cent).