Blue Charter Centre of Excellence to be set in Larnaca
The Commonwealth and the Republic of Cyprus have signed a three-year Memorandum of Understanding (MoU) to establish a Commonwealth Blue Charter Centre of Excellence in Larnaca.
economic development
Cyprus Stock Exchange can become gateway to capital, CSE president says
Fact: President of the Cyprus Stock Exchange (CSE) Marinos Christodoulides highlighted the introduction of European Medium-Term Notes (EMTNs) from the Republic of Cyprus into the CSE, adding over €11.5 billion in capitalization to the CSE bond market.
2023 figures show EU aid keeps failing human development and equality
– OECD DAC unveiled early figures for 2023 Official Development Assistance (ODA) spending by donor countries.
– Donor countries are failing to meet the original objectives of ODA to promote human development and fight inequalities.
– EU ODA increase in 2023 is largely driven by inflated figures, with a substantial portion going to in-donor refugee costs.
– ODA levels to least developed countries (LDCs) have not recovered from cuts in 2022.
– EU donors keep failing to meet the targets of allocating at least 0.7% of their GNI to ODA by diverting funds for domestic interests.
Bank of Cyprus marks 125th anniversary
The Bank of Cyprus celebrated its 125th anniversary, with the group chairman highlighting the bank’s resilience and commitment to innovation. The CEO emphasized the bank’s significant impact on Cyprus’ modern history and economic development. President Christodoulides urged the bank to continue supporting those in need and work closely with the government to achieve shared goals. The event marked the start of the celebrations for the bank’s anniversary, with leading politicians and businesspeople in attendance.
Keravnos targets enrichment of economic model
Fact: The finance minister of Cyprus, Makis Keravnos, emphasized the importance of enriching Cyprus’ economic model and maintaining investment levels as part of the government’s economic policy.
Christodoulos Patsalides sworn in as Central Bank governor
Fact: Christodoulos Patsalides was sworn in as Central Bank governor by President Nikos Christodoulides.
Sir Stelios Haji-Ioannou joins Hellenic Initiative board
Sir Stelios Haji-Ioannou has joined the board of The Hellenic Initiative (THI) and has donated most of the profits from his companies to the Stelios Philanthropic Foundation. THI has invested over million in Greece and serves approximately 100,000 beneficiaries per month through initiatives like Food from the Heart.
‘Cyprus’ economy is doing better than most of EU’
Fact: Finance Minister Makis Keravnos stated that Cyprus’ economy is performing better than most countries in the European Union.
LaFinteca: leading innovation in the payment market in Latin America
Fact: LaFinteca is a pioneer in the Latin American financial transactions landscape, providing a secure platform for processing transactions and offering a wide range of payment methods.