New director of NiMAC, Elena Stylianou

New director of NiMAC, Elena Stylianou

The fact described in the text is that Dr. Elena Stylianou has been appointed as the Director of NiMAC (Nicosia Municipal Arts Centre) by the Pierides Foundation, starting from January 1, 2024. She will be responsible for the artistic, operational, educational, and community programming aspects of NiMAC, as well as financial management, staff development, and resource mobilization. Dr. Stylianou has extensive experience in various fields of culture and is currently an Associate Professor of Art and Art History at the European University Cyprus. She holds a doctoral degree from Columbia University, Teachers College NY, with a focus on contemporary art. She has curated several art exhibitions and her work has been published in scientific journals and books. She has also received numerous awards and scholarships, including the Getty-CAA scholarship, Fulbright scholarship, and ArtTable scholarship. She has previously held postdoctoral positions at UCL in London and worked as the first coordinator of the Saturday Academy at the Museum of the City of New York. She is currently involved in several EU-funded projects related to arts and cultural heritage and represents Cyprus in the EU Accessible EU initiative. She is also a founding member and current president of the International Association of Photography and Theory (IAPT).

Cypriots in record year-end escapades abroad

Cypriots in record year-end escapades abroad

Cypriots are expected to surpass pre-Covid numbers with about 1.7 million packages abroad this year, according to the Association of Cyprus Travel Agents (ACTA). Greece and the UK are the top destinations for Cypriots, followed by Austria, France, Italy, Hungary, Czech Republic, Poland, Romania, and Germany. Cypriots typically travel for an average of 4 to 5 nights. Traveling during the holiday season is now more feasible and accessible for the majority of Cypriots due to increased connectivity and newly added destinations. There is also emerging interest in more distant destinations, particularly in the Far East. Preferences for destinations often depend on the availability of direct flights.

Tatar denies mafia bribery link

Tatar denies mafia bribery link

Turkish Cypriot leader Ersin Tatar has denied involvement in a million bribery scandal involving Turkey’s former vice-president Fuat Oktay. Investigative journalist Cevheri Guven published allegations that Tatar acted as a mediator in the bribery of Oktay by businessman Halil Falyali, who had alleged ties to the mafia and was murdered in February 2022. The accusations are based on an audio recording where Falyali’s former associate claims that Falyali’s family paid million to Oktay for immunity to their assets in Turkey. Tatar has ordered a police investigation into the reports and distanced himself from the matter. Falyali had been linked to questionable connections with figures within the Turkish government and was involved in an alleged international cocaine trafficking ring. He gained massive wealth through gaming and virtual betting and was gunned down in a drive-by shooting in February 2022.

Navigating the ESG landscape

Navigating the ESG landscape

The content of the text discusses the challenges and opportunities that Cypriot businesses will face in 2024 due to the increasing importance of environmental, social, and governance (ESG) policies in Europe’s regulatory landscape. The European Council has approved a directive proposal outlining regulations for the period between 2024 and 2028. Large public-interest companies will be required to comply with non-financial reporting directives starting from January 1, 2024. From January 1, 2025, large companies not currently subject to the directive will also need to comply. Listed SMEs and other undertakings must comply from January 1, 2026, with the option for SMEs to opt-out until 2028. The adoption and adjustment to ESG principles are seen as crucial for economic resilience and maintaining a positive global reputation for Cyprus. ESG criteria are becoming an important tool for investors when assessing the sustainability and ethical impact of potential investments. The utilization of ESG criteria is evolving into an increasingly important pillar of the investment process. Investments embedding ESG criteria are estimated to exceed trillion by 2025. The adoption of ESG criteria plays a crucial role in the ratings of Cyprus’ economy. Concerns include the phenomenon of ‘greenwashing’ where companies overpromote their “green” credentials, misleading consumers and undermining trust. Standardization and regulation of ESG reporting are lacking, and stakeholders are called upon to address the issue.