Cyprus Business Now

In a concerted effort to support initiatives aimed at protecting the marine environment, Kition Ocean Port and Kition Ocean Marina announced this week they have become members of the Cyprus Marine Environment Protection Association (CYMEPA).

According to a statement released by Kition Ocean Port, the company said that “as part of our corporate social responsibility, the staff and personnel of Kition Ocean Port and Kition Ocean Marina are now actively participating in the CYMEPA Foundation”.

“In collaboration with maritime organisations and land-based entities, CYMEPA carries out actions to prevent, raise awareness, educate, inform, and provide practical care to combat and prevent marine pollution,” the announcement added.

Director of Kition Ocean Marina Anastasis Philippou received the participation certificates from CYMEPA representative Christos Tsagaris.

Moreover, Philippou expressed a sense of honour and obligation in joining CYMEPA’s activities, saying that these reflect the philosophy of the two companies.

“With the completion of the port-marina project, every effort will be made to obtain the Blue Flag, which will be a prestigious distinction for us,” he said.

The announcement further stated that “Kition Ocean Port and Kition Ocean Marina promise active cooperation with the CYMEPA Foundation and support initiatives for seabed and coastal cleaning, youth education, and hosting events for both young and old, with the aim of raising public awareness and bringing people closer to the sea”.

The Cyprus Association of Electronic Money and Payment Institutions (ACEMPI), held a meeting with the Association of Cyprus Banks on Monday, May 8, 2023, focusing on the exchange of ideas regarding common issues and broader matters concerning the economy.

According to a statement disseminated by the Cyprus Chamber of Commerce on Thursday, during the meeting, ACEMPI briefed Konstantinos Koutentakis, president of the Association of Banks in Cyprus, and Michalis Kronides, the association’s senior manager, on the actions taken by ACEMPI to promote the development of the sector and safeguard the professional interests and rights of its members.

The briefing was conducted by ACEMPI president Ioannis Georgoulas, along with vice president Gregoris Dellas, and general secretary Elena Kontou,

“Discussions and contacts will continue with the aim of always fostering the exchange of opinions and best practices for the optimal information sharing between the two associations regarding the legislation governing Electronic Money Institutions, their operations, as well as common practices and potential collaborations taking place across the rest of Europe,” the announcement explained.

“The goal of ACEMPI, the Cyprus Association of Electronic Money and Payment Institutions, is to shape a sustainable and prosperous future in the field of electronic money in Cyprus,” the announcement concluded.

The Cyprus Stock Exchange (CSE) ended Thursday, May 25 with losses.

The general Cyprus Stock Market Index was at 108.73 points at 13:39 during the day, reflecting a decrease of 0.11 per cent over the previous day of trading.

The FTSE / CySE 20 Index was at 65.76 points, representing a drop of 0.14 per cent.

The total value of transactions came up to €29,209.

In terms of the sub-indexes, the main, alternative and investment firm indexes fell by 0.1 per cent, 0.4 per cent and 1.53 per cent respectively, while the hotel index remained stable.

The biggest investment interest was attracted by the Bank of Cyprus (+0.78 per cent), Demetra (-1.61 per cent), KEO (-2 per cent), Alkis Hadjikyriakos (no change), and Vassiliko Cement Works Public Company (no change).