DP World Limassol leads the way in gender equality in the maritime industry, with initiatives to increase women’s representation. The Cyprus Stock Exchange hosts educational seminars on capital raising mechanisms, while Paphos hoteliers face challenges with low reservation numbers. Larnaca emerges as a hotspot for real estate investment, and Eurobank’s financial success in Cyprus sets the stage for future growth.
How is DP World Limassol promoting gender equality in the maritime industry?
DP World Limassol is championing gender equality by enhancing career development for women and placing them in key roles. Initiatives include promoting talented individuals like Katerina Constantinou, who advanced from Administration Assistant to Customer Relations Executive. The firm aims to increase women’s representation in maritime, addressing the global workforce’s current 29 percent female composition.
A Leap Towards Gender Equality in Maritime Industry
DP World Limassol has emerged as a vanguard for gender equality within the maritime sector, a field traditionally dominated by men. Since taking over the Limassol port’s operations in 2017, they have consistently fostered an environment where women can thrive equally. The company’s commitment is reflected in their active efforts to enhance career development for their female workforce and in placing women in pivotal roles.
One shining example stands out in Katerina Constantinou’s career trajectory. Starting as an Administration Assistant, she quickly ascended to Cruise Operations Officer within a year, illustrating her remarkable talent. Her journey didn’t stop there; she subsequently rose to become a Terminal Supervisor and now shines as a Customer Relations Executive. Her grandfather, a former port worker, inspired her to pursue this path. His tales of the sea and port life kindled a passion in Constantinou to carve out her own legacy within the maritime domain.
DP World Limassol’s CEO, Simon Pitout, acknowledges the strides the company has made but recognizes the broader challenge in closing the gender leadership gap in the industry. With women constituting just 29 percent of the global maritime workforce, the company is rigorously working towards elevating their status through concrete initiatives and a robust support system.
Cyprus Stock Exchange: An Avenue for Growth
The Cyprus Stock Exchange (CSE), in a collaborative effort with the European Affairs and Programmes Department of the Cyprus Chamber of Commerce and Industry (Keve), recently hosted an enlightening seminar. The event was titled “Introduction to the CSE as a Capital Raising Mechanism,” aimed at educating and informing about the benefits and criteria for market admission.
This initiative plays a crucial role in nurturing the financial ecosystem, providing platforms for businesses to capitalize on growth opportunities. Two Admission Advisers, Capital Market Experts Ltd and Prudens Ltd, underscored this by contributing most applications for securities admission to the CSE’s New Market. These educational efforts are pivotal in drawing valuable insights and strengthening the financial foundations for businesses in Cyprus.
Paphos Hospitality Sector Faces Challenges
The outlook among hoteliers in Paphos is somewhat somber as they approach what should be a bustling period for tourism. Despite the expectations tied to the Cypriot carnival and Green Monday, reservation numbers are painting a gloomy picture for the potential influx of guests. Evripides Loizides, President of the Paphos Hoteliers Association, conveyed this sentiment to the Cyprus News Agency, highlighting that the actual figures are not meeting the industry’s hopes.
Cyprus Real Estate and Banking Spotlight
In another sector, Larnaca is being positioned as a promising destination for real estate investment. Shuna Group’s ‘Launching Larnaca Living’ event attracted over 200 attendees, signaling a strong investor interest and confidence in the region’s growth potential. Andreas Vyras, Larnaca’s mayor, supported this initiative, which aligns with the city’s developmental trajectory.
Meanwhile, Eurobank’s 2023 financial outcomes have exceeded expectations, setting a robust tone for their 2024-2026 business plans. The bank seeks to establish itself as a significant regional entity, with Cyprus playing a key role in this vision. The board of directors’ upcoming meeting on the island further signifies Cyprus’s strategic importance in Eurobank’s future endeavors.
The Cyprus Stock Exchange reflected a downturn on March 14, with the general index marking a slight decline. Despite this, there remains a keen interest in key performers like Vassiliko Cement Works Public Company and Hellenic Bank, while others like the Bank of Cyprus and Blue Island faced a dip. The fluctuating index underscores the dynamic nature of financial markets and the undulating fortunes of listed companies.
How is DP World Limassol promoting gender equality in the maritime industry?
DP World Limassol is championing gender equality by enhancing career development for women and placing them in key roles. Initiatives include promoting talented individuals like Katerina Constantinou, who advanced from Administration Assistant to Customer Relations Executive. The firm aims to increase women’s representation in maritime, addressing the global workforce’s current 29 percent female composition.
What educational initiatives are being undertaken by the Cyprus Stock Exchange?
The Cyprus Stock Exchange recently hosted a seminar with the European Affairs and Programmes Department of the Cyprus Chamber of Commerce and Industry. The event, titled “Introduction to the CSE as a Capital Raising Mechanism,” aimed to educate about the benefits and criteria for market admission. This initiative plays a crucial role in nurturing the financial ecosystem, providing platforms for businesses to capitalize on growth opportunities.
What challenges are Paphos hoteliers facing in the hospitality sector?
Paphos hoteliers are facing challenges with low reservation numbers despite anticipated tourism during events like the Cypriot carnival and Green Monday. The President of the Paphos Hoteliers Association, Evripides Loizides, expressed concerns as reservation figures did not meet industry expectations.
What developments are occurring in the real estate and banking sectors of Cyprus?
Larnaca is emerging as a hotspot for real estate investment, with strong investor interest demonstrated at Shuna Group’s ‘Launching Larnaca Living’ event. Additionally, Eurobank’s financial success in Cyprus has exceeded expectations, setting the stage for future growth. Cyprus plays a significant role in Eurobank’s regional expansion plans.
