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Cyprus Investment Promotion Agency, known as Invest Cyprus, on Monday announced that it successfully participated in the International Hospitality Investment Forum, which took place in Berlin on May 3-5.

This year’s event saw the participation of over 1,200 senior leaders, as well as more than 180 industry speakers, including Marriott International CEO Tony Capuano, Minor Hotel Group CEO Dillip Rajakarier, and Hilton president and CEO Christopher Nassetta.

During the conference, the Invest Cyprus delegation held a series of meetings with institutional investors and investment fund executives, as well as with international hotel chains.

In addition, the agency also organised a round table discussion with invited representatives of foreign investment organisations, informing them on current developments and investment prospects in the sector.

The discussion was also attended by Thanos Hotels CEO Thanos Michaelides, Louis PLC CFO Marios Ioannou, as well as KPMG Cyprus Managing Director and Head of the Deal Advisory Department Christophoros Anayiotos.

“Despite the ongoing challenges, the signs for 2022 are particularly encouraging, and it is with great pleasure that we see the interest of foreign investors remain undiminished for both ongoing projects and new developments,” Invest Cyprus promotion officer Stephanie Panayi said.

 

The total registrations of motor vehicles recorded an increase of 3.1 per cent year-on-year in April 2022, with a total of 2,810 registrations, the Cyprus Statistical Service (Cystat) announced on Monday.

The same figure stood at 2,725 in April of the previous year.

Moreover, in April 2022, passenger saloon car registrations saw a rise of 7.4 per cent, reaching to 2,249, up from the 2,095 saloon cars registered in April 2021.

Furthermore, during the period January-April 2022, the total registrations of motor vehicles decreased by 14.5 per cent year-on-year, with 10,682 registrations being recorded during that time.

The same figure stood at 12,489 during the corresponding period of 2021.

During this time, passenger saloon car registrations fell to 8,631 from 9.648 in January-April 2021, recording a decrease of 10.5 per cent.

Of the total passenger saloon cars that were registered, 44.1 per cent (3,806) were new vehicles, while 55.9 per cent (4,825) concerned pre-owned cars.

 

The Cyprus Stock Exchange (CSE) ended Monday, May 9 with losses.

The main Cyprus Stock Market Index was at 68.19 points at 13:24 during the day, reflecting a drop of 1.04 per cent over the previous day of trading.

The FTSE / CySE 20 Index was at 40.98 points, reflecting a decrease of 1.09 per cent over the previous day of trading.

The total value of transactions came up to €45,400.

In terms of the sub-indexes, the main and alternative indexes fell by 1.18 per cent and 0.57 per cent respectively.

The hotel index also fell by 2.97 per cent, while the investment firm index decreased by 0.48 per cent.

The biggest investment interest was attracted by Logicom (+1.03 per cent), Petrolina (-1.75 per cent), Vassiliko Cement Works (-2.82 per cent), Hellenic Bank (-0.79 per cent), and Demetra Holdings (-0.52 per cent).

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