Cyprus Business Now

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Alpha Bank Cyprus hosted an event to raise awareness about prostate cancer during Men’s Health Awareness Month, supporting early detection and prevention. The government of Cyprus has announced its commitment to supporting businesses through various programs, with funds secured for the 2021-2027 period. The Cyprus Stock Exchange witnessed a slight decline on November 16, with varied performance across different sectors.

What was the focus of Alpha Bank Cyprus’s event for Men’s Health Awareness Month?

Alpha Bank Cyprus concentrated on educating about prostate cancer during their Men’s Health Awareness event. They partook in the Movember campaign to emphasize early detection and prevention, supporting men and their families affected by the disease.

Alpha Bank Cyprus Embraces Men’s Health Awareness

Alpha Bank Cyprus showcased its commitment to social responsibility by hosting a special event on Tuesday, November 14, at its headquarters in Nicosia. This event was organized to support Men’s Health Awareness Month, with a primary focus on educating individuals about prostate cancer. The condition is the most commonly occurring cancer that affects thousands of men worldwide every year.

As part of the bank’s Corporate Social Responsibility Programme, the initiative aimed not only at raising awareness but also at prevention. Staff members were encouraged to grow moustaches and actively participate in the “Shave-off” event, which was conducted with the collaboration of MAN-VAN, Movember Cyprus’s mobile barbershop.

Movember’s campaign underlines the importance of early detection and prevention of prostate cancer. It also stresses the significance of supporting men who are battling the disease and their families. Elena Constantinou Riri, the Director of Marketing and Public Relations at Alpha Bank Cyprus Ltd, expressed the bank’s awareness of the critical nature of prevention and advocacy for men’s health. “By participating in the Movember campaign,” she added, “we take an additional step towards educating our staff on the prevention and fight against prostate cancer.”

Government Initiatives for Business Support

George Papanastasiou, the Minister of Energy, Commerce, and Industry, recently accentuated the government’s dedication to assisting businesses. During his speech at the General Assembly of the Famagusta Chamber of Commerce, he pointed out the government’s strategies to overcome contemporary challenges, focusing on sensitivity towards society, the environment, and the populace.

The minister highlighted the government’s commitment to supporting businesses through various programmes, with the goal of achieving significant energy cost reductions, modernization, innovation, digitalisation, and investments in green technology. He announced that €245 million had been secured for the 2021-2027 period to assist businesses, with funds co-financed by the Republic of Cyprus and the European Commission as part of the Recovery and Resilience Plan and the “THALIA 2021-2027” programme.

Moreover, Papanastasiou discussed forthcoming initiatives that will strengthen major enterprises and propel the circular economy. Emphasizing his aims to effectively support businesses in the Famagusta district, he referred to the president’s plans to revise the framework for electricity production from Renewable Energy Sources (RES) for self-consumption. Changes will also be made to Category E, allowing an increase in the capacity of photovoltaic systems installed.

Beyond tourism, the minister recognized the growth of business within Ammochostos, mentioning the allocation of seven industrial plots over the past two years for new operations within the Frenaros Industrial Estate. This has resulted in the establishment of 58 companies out of 64 available plots, showcasing the government’s effort to expand the industrial zone in Frenaros.

Cyprus Stock Exchange Witnesses Downturn

The Cyprus Stock Exchange (CSE) concluded Thursday, November 16 with a slight decline. The general Cyprus Stock Market Index was at 127.02 points at 13:44, indicating a decrease of 0.05 percent compared to the previous trading day. The FTSE / CySE 20 Index remained stable at 77.10 points.

Transaction values were recorded at €92,452, with varied performance across sub-indexes. The main and alternative indexes fell by 0.18 percent and 0.38 percent, respectively, whereas the hotel and investment firm indexes saw no change. Stocks that drew significant investment interest included the Bank of Cyprus, K+G Complex, and Blue Island, with varying degrees of performance changes.

Quick Recap

  • Alpha Bank Cyprus hosted an event for Men’s Health Awareness Month, focusing on educating individuals about prostate cancer and supporting early detection and prevention.
  • The government of Cyprus has committed to supporting businesses through various programs, with funds secured for the 2021-2027 period.
  • The Cyprus Stock Exchange experienced a slight decline on November 16, with different sectors performing differently.
  • The event organized by Alpha Bank Cyprus included staff members growing moustaches and participating in a “Shave-off” event, in collaboration with Movember Cyprus’s mobile barbershop.
  • The Minister of Energy, Commerce, and Industry emphasized the government’s dedication to supporting businesses and discussed initiatives to strengthen major enterprises and promote the circular economy.

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