In an announcement released on Friday, the association welcomed the official celebration of the 45th World Tourism Day, which is hosted this year for the first time in Tbilisi, Georgia.
The central theme of this year’s event is ‘Tourism and Peace, under the auspices of the United Nations World Tourism Organisation (UNWTO).
The association said that the message for this year is particularly “relevant and significant for Cyprus”.
According to a public statement, this preliminary offer, submitted on Thursday, is now under review.
Specifically, Proodos, also known as the Agros Development Company, is considering a full acquisition offer after its board of directors received a preliminary proposal from an investor.
The company has stated it will gather more details to evaluate the proposal fully, with the investment community being informed of any developments.
The centre pointed out that the decline in the ESI was primarily driven by a downturn in business sentiment in the services and construction sectors, reversing the gains in economic confidence recorded in the previous month.
Moreover, the CypERC explained that the dip in the services sector was mainly due to less favourable assessments of current business conditions and, to a lesser extent, lower expectations for future turnover.
Meanwhile, the weakening of sentiment in the construction sector resulted from more negative responses concerning ongoing projects and reduced optimism about future employment levels.
Total deposits in August recorded a net increase of €288.5 million, excluding changes from reclassifications, exchange rate fluctuations, and other adjustments.
This was a significant rise compared to the net increase of €164.7 million in July 2024.
The annual growth rate of total deposits reached 3.8 per cent in August, up from 2.9 per cent in July 2024.
What is more, the total balance of deposits in August stood at €53.6 billion.
The announcement was made from New York following the president’s meeting with a delegation of the US energy giant.
“The president of the Republic and the vice president of the company reaffirmed their support for the Aphrodite project, [which is one of] strategic importance for the energy planning of Cyprus [and] the wider region, as well as for the company itself,” Government Spokesman Konstantinos Letymbiotis said.
He added that steps will be taken by the Ministry of Energy and Chevron towards close cooperation.
The meeting, which took place in New York on Thursday, sought to enhance economic ties between the two nations.
“The primary objective of the meeting was to explore opportunities for attracting high-quality investments to Cyprus,” government spokesman Konstantinos Letymbiotis said in a statement regarding the president’s attendance at the working lunch with members of the US business community.
For their part, the US business executives acknowledged that Cyprus’ international reputation, especially in the US, “has been significantly upgraded,” thanks to the country’s strong bilateral ties with the US and recent acts of cooperation.
The event centred on the theme of fighting corruption in the maritime industry, questioning whether progress is being made in this regard.
According to the chamber’s announcement, this year’s World Maritime Day theme is “Navigating the Future: Safety First”.
It highlights the ongoing efforts of the International Maritime Organisation (IMO) and the maritime industry to enhance safety at sea while protecting the marine environment.
This follows an announcement by the Finance Ministry on Thursday, saying that the electricity subsidy and zero per cent VAT on 11 essential goods will end on October 1.
The scheme, active since March 2023, cost €201 million, with inflation stabilising at two per cent, according to the ministry.
In an official statement, the union also issued a demand for stronger consumer protection and a crackdown on market exploitation.
Responding to comments from the Finance Minister, the union acknowledged that “the minister is right, inflation has decreased,” but added that “it would be good to give an explanation, if any, how prices still remain so high”.
The hybrid event took place on Thursday at the Cyprus Chamber of Commerce and Industry (Keve) in Nicosia, under the title ‘Energy for the Future’.
The launch attracted key members of the academic and business community, as well as government officials, and was co-organised by Keve, Intercollege, the University of Cyprus, and CARDET.
According to an announcement released on Friday, the event focused on the prospects and challenges of wind energy development in Cyprus and Southern Europe.
The Cyprus Stock Exchange (CSE) ended Friday, September 27 with profits.
The general Cyprus Stock Market Index was at 191.31 points at 12:47 during the day, reflecting an increase of 0.79 per cent over the previous day of trading.
The FTSE / CySE 20 Index was at 116.45 points, representing a rise of 0.80 per cent.
The total value of transactions came up to €325,529, until the aforementioned time during trading.
In terms of the sub-indexes, the main, alternative and hotel indexes rose by 0.7 per cent, 0.17 per cent and 1.16 per cent respectively. The investment firm index fell by 1.12 per cent.
The biggest investment interest was attracted by the Bank of Cyprus (+0.21 per cent), Hellenic Bank (+3.42 per cent), Demetra (-1.14 per cent), Petrolina (no change), and Vassiliko Cement Works Public Company (+0.58 per cent).
