Source: cyprus-mail.com
The event took place at the Four Seasons hotel in Limassol, attracting a global audience and positioning Cyprus at the centre of discussions on the future of wealth management.
According to the chamber, the conference “served as a high-level platform for dialogue on rapid global developments shaping private wealth“, focusing on geopolitical shifts, increasing regulatory demands, generational transitions and the impact of technology and digital assets.
In his address, Keve president Stavros Stavrou emphasised the strategic importance of the event for the sector.
“This conference is not just another event but a targeted initiative that brings together leading professionals from different jurisdictions and sectors,” Stavrou said.
“The aim is to achieve meaningful exchange of views on the future of wealth management,” he added.
The decision partially accepts a referral by President Nikos Christodoulides concerning amendments to the law on promoting renewable energy sources, with MPs modifying provisions to address concerns over constitutionality and separation of powers.
Under the approved framework, excess energy produced by households “will not be deleted” and will instead be retained until the cabinet sets out a compensation mechanism.
House energy committee chair and Disy MP Kyriakos Hadjiyiannis said the committee opted for partial acceptance of the referral, stressing that “the main change is that surplus energy produced by household photovoltaics will not be deleted until the council of ministers decides.”
The vote saw 15 MPs in favour of accepting the referral and 26 against.
The referral concerned a provision prohibiting RES projects on fertile or irrigated land, land consolidation areas and protected zones.
The executive branch had argued that the restriction could limit the expansion of renewables and potentially jeopardise Cyprus’ 2030 energy targets. It also raised concerns over separation of powers, property rights and ambiguity in the legislation.
The airline confirmed that it will resume its high-frequency service between Larnaca and Athens starting in September 2026, responding to strong passenger demand.
Flights on the Athens route will initially operate 11 times per week, rising to up to 14 weekly services, effectively offering a double daily schedule.
Fares for the Athens route will start from €29.99 one-way, the airline said, including all mandatory fees and one carry-on bag.
During the meeting, the two sides discussed ways to promote the destination in the Serbian market, while also examining prospects for boosting tourist flows to Cyprus and expanding Paralimni-Deryneia’s presence in the country.
The airline confirmed that the route will operate on a daily basis, offering passengers “frequent and convenient travel options” between the two destinations.
The move marks the return of an important connection, with Tel Aviv remaining a popular destination for travellers from Cyprus.
The company stated that “the decision to resume scheduled operations follows a careful assessment of the current situation in the region“.
The organisation stressed that in every increase in international energy prices, the greatest impact is felt by workers in middle and low-income groups.
“The rise in prices of products and services due to the surge in energy costs is certainly not a new phenomenon,” said Sek economic studies department officer George Pirishis.
“We have experienced it globally during the 2007 economic downturn, the 2020 to 2021 pandemic crisis and the current conflict in the Middle East,” he added.
“The conclusion is clear that in every rise in international energy prices, those who bear the greatest cost are workers in middle and low-income groups,” he continued.
The chamber said the findings, based on the Central Bank of Cyprus’ (CBC) semi-annual survey on the sector’s performance, pointed to the continued strength of ship management companies operating from Cyprus and serving shipowners both locally and internationally.
According to the chamber, revenues in the period from July 1 to December 31, 2025 rose by 2.3 per cent compared with the first half of the year.
Taken together with the first six months of 2025, total sector revenues exceeded €1.9bn for the first time, marking the highest level recorded in the 2020-2025 period.
He asked a question many people may have seen online already. Would you rather have €1 million today, or a single cent that doubles every day for a month?
To illustrate the point, Kesterlian invited readers to consider two choices.
Dimitris takes the €1m today, while Sophia chooses a single cent that doubles every day for a month.
On Day 1, Dimitris has €1m, while Sophia has €0.01. “Pathetic,” as Kesterlian puts it. On Day 2, Dimitris still has €1m, while Sophia has €0.02. “Still pathetic.”
The central message of the 2nd Cyprus Business Presentations Summit, held earlier this week, was that economic cooperation between Cyprus and Greece can be expanded, allowing both countries to jointly leverage emerging opportunities in the wider region.
The event brought together institutional stakeholders from Cyprus and Greece, alongside representatives from accounting and legal firms as well as business leaders.
The summit focused on the new changes to Cyprus’ tax system, which came into effect on January 1, 2026.
According to an announcement released on Wednesday by Trade Ministry, the country’s presence at the event “provided valuable insights for shaping its future strategy in the Japanese market“.
Moreover, the ministry stated that the participation “highlighted significant growth prospects for high-quality Cypriot products within a highly competitive international environment”.
The Cyprus participation initiative was organised by the Trade Ministry, in cooperation with the Cyprus Trade Centre in Tokyo.
The club said the turnout made it one of the best-attended events in its history, reflecting strong interest from across the maritime community at a time of continued regional and global uncertainty.
Opening the event, Cyprus Marine Club president Captain Eberhard Koch welcomed guests and said the strong sense of community continued to define the club.
He also referred to recent global developments affecting shipping, noting ongoing regional sensitivities and their possible longer-term implications for global trade and the maritime sector.
The company said that the figure represents an increase of around 68 per cent compared to March 2025, when revenues stood at $276 million, reflecting a strong year-on-year performance.
“Estimated consolidated revenues for March 2026 amounted to approximately $462 million and were around 68 per cent higher compared to revenues for March 2025,” the company said in a filing to the Cyprus Stock Exchange (CSE).
At the same time, the company clarified that the data is based on the best possible estimation prepared by the board, and may therefore differ slightly from the final financial results once fully consolidated.
Held at the Carob Mill on April 23 and 24, the expo provided a business-focused platform aimed at connecting AI solutions with real decision-makers, while at the same time bringing together exhibitors, investors, panelists and industry leaders from across the ecosystem.
In that context, Tsouloftas pointed to Cyprus’ growing role as a regional innovation hub and stressed the need to bridge business with the practical adoption of AI, moving the conversation beyond hype and towards meaningful transformation.
Consequently, the company confirmed that the annual general meeting will take place on June 24, 2026 at 18:00 at the Golden Bay Hotel in Larnaca.
Moreover, the board approved the management report, the audited consolidated financial statements, and the corporate governance report for 2025, all of which will be presented for discussion at the meeting.
The company reported that profit attributable to shareholders reached €4.3 million in 2025, compared with €3.5 million in 2024.
“The green transition constitutes the most permanent solution from the perspective of economic and overall security for Cyprus,” Zachariades told the Cyprus News Agency (CNA).
Speaking about the economic impact of conflicts in the Middle East, he warned that rising geopolitical tensions are already affecting global markets and could have lasting consequences.
He pointed out that oil prices have once again exceeded $100 per barrel, describing this as a key concern for the global economy.
Europe’s largest travel operator said customers had partly shifted from eastern Mediterranean destinations to the western Mediterranean, with demand weakening in particular for Turkey, Cyprus and Egypt.
The group, which operates its own airline fleet and hotels and is therefore more exposed to travel disruption and fuel pressures, joined carriers including easyJet and Wizz Air in warning about the fallout from the Iran conflict.
In a statement, the authority said the 4th European Maritime Space Forum served as a platform for discussion on the future of the European Maritime Space within wider European transport policy, while also focusing on the resilience and sustainability of supply chains.
The forum, held under the auspices of Gesine Meissner, European Coordinator for the European Maritime Space, was welcomed by Transport Minister Alexis Vafeades and brought together representatives of the European Commission, EU member states, European organisations, port authorities and bodies from the maritime and port sectors.
The Standard Form TR-1 notification, filed to the Cyprus Stock Exchange (CSE), showed that the relevant threshold was crossed or reached on April 17, 2026.
Eaton Vance Management, a Boston-based investment firm, was identified as the entity subject to the notification obligation.
The firm’s total position now stands at 3.11 per cent of voting rights, corresponding to 13,547,547 voting rights attached to shares.
The exchange confirmed that it admitted for listing 50,000 13-week Treasury Bills, identified as the fourth issue, series 2026, covering the period from April 24, 2026 to July 24, 2026.
Each of the Treasury Bills carries a nominal value of €1,000, bringing the total issuance value to €50,000,000.
The securities resulted from an auction conducted on April 20, 2026, which determined their allocation.
The Cyprus Stock Exchange stated that the listing was carried out in accordance with article 58(1) of the CSE Law.
Etap Limassol took part in both an information day and the 7th technical meeting of the project, showcasing Cyprus’ contribution to climate adaptation in cultural heritage.
According to an announcement from the board released on Thursday, the information day on April 21 2026 aimed to inform the public and local stakeholders about the objectives, actions and results achieved so far within the project.