Cyprus Business Now

Tryfon Tseriotis, a company that markets and distributes more than 40 local and international brands, on Tuesday announced that it will be providing its employees with additional days of annual leave in the event where a public holiday falls on the weekend.

The company explained that the added days will be given to employees in the form of well-being leave.

“What sets our company apart is that we don’t get complacent, we constantly review our existing policies and we adjust them where there is room for improvement,” HR Manager Sophia Antoniou said.

“We understand that there is now a need for modern policies, we want to work with happy people who feel like we care about them – this is the healthy work culture we seek,” she added.

UCLan Cyprus professor Panikkos Poutziouris on Monday announced that he will be vacating his positions as university rector and business school dean, with a 10-year stint at the university now coming to an end.

Poutziouris will now shift his focus to a number of fronts, including a position at the Cambridge Judge Business School, supporting the Circular Economy Centre, as well as leading a number of workshops for the Executive MBA Module-Enterprising Family and Family Offices.

Moreover, the former UCLan Cyprus professor will also assume a partner position at Zateon Consulting, a company which focuses on advisory services, education, family-run businesses and succession planning.

The Cyprus Stock Exchange (CSE) ended Tuesday, July 26 with profits.

The general Cyprus Stock Market Index was at 67.46 points at 13.23 during the day, reflecting a rise of 0.03 per cent over the previous day of trading.

The FTSE / CySE 20 Index was at 40.38 points, which represents an increase of 0.05 per cent.

The total value of transactions came up to €26,486.

In terms of the sub-indexes, the main index rose by 0.14 per cent, while the alternative index fell by 0.12 per cent.

The hotel and investment firm indexes remained stable.

The biggest investment interest was attracted by the Cyprus Cement Company (no change), KEO Plc (no change), Hellenic Bank (+0.47 per cent), and the Bank of Cyprus (no change).