Christos Ellinides: on why the EU must constantly renew its AI preparedness

Christos Ellinides: on why the EU must constantly renew its AI preparedness

The EU’s readiness for issues related to artificial intelligence must be constantly renewed with new information, new skills and continuous improvement of models, Christos Ellinides, Director-General of the European Commission’s Directorate-General for Translation (DGT) suggests. The Cypriot official was in Nicosia recently for a conference entitled ‘Empowering Europe with AI: The European Commission AI-based Multilingual […]

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Cyprus Business Now: weekly wrap-up

Cyprus Business Now: weekly wrap-up

Here are the top business stories in Cyprus from the week starting October 6: One of the government’s main goals, the qualitative and further strengthening of the Cypriot ship registry, has been achieved, president Nikos Christodoulides said on Sunday evening. Speaking at a dinner at the presidential palace marking the start of the Maritime Cyprus 2025 […]

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EU is ready to support shipping transformation, Commissioner Kadis says

EU is ready to support shipping transformation, Commissioner Kadis says

The European Union stands ready to support the transformation of shipping into an industry with cleaner fuels, energy efficiency and innovation, European Commissioner for Fisheries and Oceans, Costas Kadis, has said. He was speaking at the Maritime Cyprus 2025 Conference in Limassol on 8 October.  This year’s theme, ‘Unlocking the future of shipping’, he said, aligns well with the […]

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BoC CEO Panicos Nicolaou takes helm at Cyprus banks association

BoC CEO Panicos Nicolaou takes helm at Cyprus banks association

The Association of Cyprus Banks (ACB) on Thursday announced that Panicos Nicolaou, chief executive officer at the Bank of Cyprus, has been appointed as its new president following the most recent meeting of board of directors. Demetris Shacallis, chief financial officer at Eurobank, has been appointed vice-president. According to the association’s statutes, both the president and vice-president will serve […]

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Green moves make Cyprus more competitive

Green moves make Cyprus more competitive

Cyprus President Nikos Christodoulides told businesses this week that their green transition is the route to improved competitiveness, and stressed that Nicosia supports investments that promote energy efficiency. Today, more than ever, Cypriot businesses are called upon to strengthen their role in the green transition, while remaining competitive, adopting responsible and sustainable practices that contribute […]

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Cyprus Enterprise Development Organisation in the works

Cyprus Enterprise Development Organisation in the works

The Government is promoting the establishment and operation of a semi-governmental organisation, the Cyprus Enterprise Development Organisation, with the Ministry of Finance putting the relevant bill forward for pubic consultation until 19 October.  According to what is stated, in Greek, on the e-consultation platform, the Organisation’s mission is to strengthen state initiatives to improve access to financing […]

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Cyprus plays key role in shaping global shipping, says commissioner

Cyprus plays key role in shaping global shipping, says commissioner

EU backs cleaner fuels and shipping innovation at Maritime Cyprus 2025 The European Union is ready to support the transformation of shipping into an industry focused on cleaner fuels, energy efficiency and innovation, European Commissioner for Fisheries and Oceans Costas Kadis, said on Wednesday. Kadis, who addressed the Maritime Cyprus 2025 conference in Limassol, highlighted Cyprus’ important […]

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Sir Stelios awards €200,000 to young entrepreneurs in Cyprus

Sir Stelios awards €200,000 to young entrepreneurs in Cyprus

Young innovators praised as Stelios Awards mark record participation Entrepreneur and philanthropist Sir Stelios Haji-Ioannou awarded a total of €200,000 to three young Cypriot businesses during the 2025 Stelios Awards for Young Entrepreneurs, held at the Stelios Philanthropic Foundation headquarters in Nicosia. The awards, now in their third consecutive year, aim to recognise innovation and support the growth of youth entrepreneurship in Cyprus. The first […]

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Cyprus and Qatar sign MoU to boost maritime cooperation and green shipping

Cyprus and Qatar sign MoU to boost maritime cooperation and green shipping

Cyprus and Qatar have signed a memorandum of understanding (MoU) to strengthen cooperation in maritime affairs. The memorandum covers areas such as education, infrastructure, environmental protection, as well as the green transition of shipping. The agreement was signed on Tuesday by Deputy Minister of Shipping Marina Hadjimanolis and Qatar’s Minister of Transport, Sheikh Mohammed bin Abdulla bin Mohammed Al Thani, on […]

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Cyprus shipping remains cornerstone of national economy, says chamber leader

Cyprus shipping remains cornerstone of national economy, says chamber leader

Cyprus continues to grow as a reliable international shipping centre Cyprus’ shipping sector remains a cornerstone of the national economy, according to the president of the Cyprus Shipping Chamber (CSC) Andreas Neophytou. Neophytou’s comments were delivered during a reception hosted by the chamber on Sunday, ahead of the Maritime Cyprus 2025 international conference. An announcement from the chamber […]

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Cyprus to help shape Europe’s maritime and tourism future, says EU commissioner

Cyprus to help shape Europe’s maritime and tourism future, says EU commissioner

Cyprus is set to take centre stage in shaping Europe’s future transport, shipping and tourism policies during its upcoming Presidency of the Council of the European Union, according to European Commissioner for Sustainable Transport and Tourism Apostolos Tzitzikostas. Addressing the Maritime Cyprus 2025 conference in Limassol, he said the Cypriot Presidency “will be decisive for Europe and for transport policy,” noting that as […]

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Cyprus’ 2026 budget shows resilience

Cyprus’ 2026 budget shows resilience

The Cypriot state budget for 2026 is a growth budget and continues to maintain the resilience of the economy, Finance Minister Makis Keravnos said on Thursday as he presented the budget to the speaker of the House of Representatives, Annita Demetriou. The House speaker noted the importance of the budget having surplus and growth, and […]

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