Cyprus Business Now

DP World Limassol recently stated that it is making significant strides in championing gender equality and women’s representation in leadership roles in the maritime industry.

The company noted that since assuming management of the multi-purpose port and cruise terminal in Limassol in 2017, the company has actively promoted a culture of equality and empowerment.

This includes enhancing career development opportunities for female employees and appointing women to key positions.

The company highlighted Katerina Constantinou, who began her journey as an Administration Assistant in 2017.

Within a year, she rose to the role of Cruise Operations Officer, demonstrating her capabilities.

Over time, she climbed the ranks to become a Terminal Supervisor and later a Customer Relations Executive, delivering outstanding service to port users.

“My inspiration to seek a job in the port sector stems from my grandfather who was a port worker himself,” Constantinou said.

“By listening to all his stories about the port, I was driven to follow in his footsteps,” she added.

In line with the Group’s philosophy, DP World Limassol said that it focuses on empowering staff to grow within the organisation, irrespective of gender.

“Katerina is just one of our employees who managed to excel and move up in the ranks of the company, thanks to our guidance and supervision and we are very proud of her”, said the company’s CEO, Simon Pitout.

Pitout continued by saying the “company is working hard to close the existing gender leadership gap in the maritime sector”.

“Although the number of women in our industry has increased over the past years, there is still a long way to go. According to the International Maritime Organisation (IMO), women make up just 29 per cent of the global maritime industry workforce,” he stated.

“At DP World, we believe that investing in women’s representation and leadership is crucial to building a sustainable maritime industry. We are committed to further empowering women and increasing their representation in leadership positions through various well-defined initiatives and actions,” Pitout concluded.

The Cyprus Stock Exchange (CSE), in collaboration with the European Affairs and Programmes Department of the Cyprus Chamber of Commerce and Industry (Keve), this week held a two-hour informative seminar titled “Introduction to the CSE as a Capital Raising Mechanism.”

The seminar featured presentations and information sessions regarding the criteria for admission to the exchange’s markets, as well as the benefits provided through them.

According to a statement by the chamber, the seminar also included presentations from two Admission Advisers to the CSE’s New Market (Capital Market Experts Ltd and Prudens Ltd), both of which have submitted the majority of applications for securities admission to this market.

The announcement noted that “through the subsequent discussion, valuable conclusions were drawn”.

Paphos hoteliers are pessimistic about the volume of guests they will see in the coming weeks, citing low visitor numbers, based on the reservations they have recorded so far.

President of the Paphos Hoteliers Association (Pasyxe) Evripides Loizides on Thursday told the Cyprus News Agency (CNA) that the anticipated visitor turnout during the three-day weekend ending on March 18, encompassing the Cypriot carnival and Green Monday, falls short of hoteliers’ expectations.

Cyprus Chamber of Commerce and Industry (Keve) president Stavros Stavrou, along with members of the chamber’s executive committee, on Thursday met with the UN Secretary-General’s recently appointed envoy to Cyprus Maria Angela Holguin Cuellar.

The meeting, which was held at the Keve headquarters in Nicosia, saw participants discuss various topics related to the regulation of green line trade, the challenges involved, as well as the prospects for further trade development between the two communities.

Moreover, they also looked into how these development prospects could serve as catalysts in efforts to resolve the Cyprus problem.

Shuna Group, an international investment company, recently hosted a three-day event in Larnaca, showcasing the opportunities for investing in the city’s real estate sector, with this initiative receiving support from Larnaca mayor Andreas Vyras.

Dubbed ‘Launching Larnaca Living,’ the conference welcomed over 200 guests, including potential clients and key stakeholders, thereby marking a significant success supported by trusted partnerships and a strong belief in Larnaca.

Situated at the forefront of real estate development in Cyprus’ most up-and-coming coastal destination, Shuna Group is seeking to make the most of Larnaca’s vast potential.

Eurobank has surpassed initial expectations with its financial results for the year 2023, setting the stage for a robust business plan spanning 2024 to 2026, with the aim of positioning the group as a regional banking powerhouse.

In addition, the bank’s forward-looking vision focuses on bolstering its regional footprint. In this context, there is particular attention on the bank’s thriving presence in Cyprus, which is expected to deepen in the coming years.

It should be noted that the bank’s board of directors will be meeting in Cyprus on March 20-22, a reflection of the island’s growing importance to the bank’s plans going forward.

The Cyprus Stock Exchange (CSE) ended Thursday, March 14 with losses.

The general Cyprus Stock Market Index was at 144.90 points at 17:20 during the day, reflecting a decrease of 0.18 per cent over the previous day of trading.

The FTSE / CySE 20 Index was at 88.01 points, representing a drop of 0.18 per cent.

The total value of transactions came up to €229,117.

In terms of the sub-indexes, the main, alternative, investment firm, and hotel indexes fell by 0.04 per cent, 0.55 per cent, 0.57 per cent and 1.64 per cent respectively.

The biggest investment interest was attracted by Vassiliko Cement Works Public Company (+1.23 per cent), Hellenic Bank (+0.4 per cent), the Bank of Cyprus (-0.56 per cent), Blue Island (-2.88 per cent), and Demetra Holdings (-0.58 per cent).