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Cyprus Business Now: Embracing Social Responsibility and Enhancing Skillsets

business social responsibility

In 2024, OPAP Cyprus is deeply committed to social responsibility, backing the “Arodafnousa” Palliative Care Centre in partnership with the Cyprus Anti-Cancer Society and introducing a bus service for cancer patients in Paphos and Limassol. The Pancyprian Federation of Independent Trade Unions prioritizes worker well-being through educational seminars, while the Cyprus Productivity Center (KEPA) expands training programs to non-urban areas to enhance skill development across the island.

What social initiatives is OPAP Cyprus implementing in 2024?

OPAP Cyprus is dedicated to social responsibility with a focus on health, notably by supporting the “Arodafnousa” Palliative Care Centre in partnership with the Cyprus Anti-Cancer Society. They’ve also launched a bus service for cancer patient transport in Paphos and Limassol.

OPAP Cyprus’ Commitment to Health and Community

OPAP Cyprus recently unveiled their social initiatives for the year 2024, placing a significant emphasis on health-related projects. At the heart of their agenda is the continued partnership with the Cyprus Anti-Cancer Society, where OPAP has faithfully supported the “Arodafnousa” Palliative Care Centre since 2017. By adopting two of the centre’s rooms, OPAP underscores its dedication to providing comfort and care for cancer patients.

In a move that extends their support even further, OPAP Cyprus introduced a dedicated bus service for transporting patients within Paphos and Limassol districts. Alexandros Davos, the Chief Commercial Officer, articulated a deep respect for the work done by the Anti-Cancer Society and reaffirmed OPAP’s commitment to meeting the needs of cancer patients throughout Cyprus.

Fostering Professional Well-being and Satisfaction

The Pancyprian Federation of Independent Trade Unions (Poaso) placed a spotlight on the well-being of workers by holding a two-day seminar. The event, which included discussions with international bodies like the World Organisation of Workers (WOW), the Danish trade union Krifa, and the European Center for Workers’ Issues (ECWI), took place in late February at the Sunhall Hotel in Larnaca. Led by Poaso president Costas Ioannou and labour advisor George Asiakalis, the seminar delved into the importance of professional satisfaction and its impact on both personal life and workplace dynamics.

Research demonstrates that while financial rewards are important, factors such as recognition and a positive work environment are more influential in boosting employee satisfaction. Conversely, negative behaviors, such as harassment and aggression in the workplace, can severely impact job contentment, with increasing trends of such issues being highlighted by the seminar’s findings.

KEPA’s Educational Outreach in Non-Urban Areas

The Cyprus Productivity Center (Kepa), operating under the Ministry of Labour and Social Insurance, announced a 30-hour training program on Smart Mobile Basics, aimed at residents of non-urban regions. The educational initiative kicked off on February 15, 2024, with sessions held every Thursday afternoon at the Kalopanayiotis Community Council hall. This effort is part of Kepa’s broader strategy to make training programs accessible to more communities, fostering skill development across the island.

With the backing of the European Union’s Recovery and Resilience Mechanism, Kepa encourages all communities to seek similar collaborative opportunities. The programs not only contribute to individual growth but also serve to enrich local communities through shared knowledge and skill enhancement.

The Stock Exchange and Economic Indicators

Although the Cyprus Stock Exchange (CSE) saw only marginal gains on Tuesday, February 27, with the general index nudging up by 0.01 percent, it serves as a pulse for the economic climate of the region. The FTSE/CySE 20 Index held steady, reflecting a broader trend of stability in the market. A diverse range of sectors, from banking to construction, showed varying performance levels, with the Bank of Cyprus, Blue Island, Hellenic Bank, the Cyprus Cement Company, and Vassiliko Cement Works Public Company at the forefront of investment interest.

While the main index saw a slight decrease, the alternative index rose, and the hotel and investment firm index remained unchanged. The total value of transactions for the day was reported at €196,210, providing a snapshot of the day’s trading activities. These subtle shifts in the market indices may seem minimal, but they often signal broader economic trends and investor confidence.

What social initiatives is OPAP Cyprus implementing in 2024?

OPAP Cyprus is dedicated to social responsibility with a focus on health, notably by supporting the “Arodafnousa” Palliative Care Centre in partnership with the Cyprus Anti-Cancer Society. They’ve also launched a bus service for cancer patient transport in Paphos and Limassol.

How is the Pancyprian Federation of Independent Trade Unions prioritizing worker well-being?

The Pancyprian Federation of Independent Trade Unions (Poaso) hosted a two-day seminar focusing on worker well-being, featuring discussions with international bodies like the World Organisation of Workers (WOW) and the European Center for Workers’ Issues (ECWI). The seminar emphasized the importance of professional satisfaction and its impact on personal and workplace dynamics.

What educational programs are being offered by the Cyprus Productivity Center (KEPA) in non-urban areas?

KEPA has introduced a 30-hour training program on Smart Mobile Basics in non-urban regions, aiming to enhance skill development across the island. This initiative, supported by the European Union’s Recovery and Resilience Mechanism, seeks to make training programs more accessible to communities outside urban areas.

What were the recent trends in the Cyprus Stock Exchange and economic indicators?

While the Cyprus Stock Exchange (CSE) saw marginal gains with the general index increasing by 0.01 percent, various sectors such as banking and construction showed varying performance levels. The FTSE/CySE 20 Index remained steady, reflecting overall market stability. The total value of transactions for the day was reported at €196,210, providing insights into daily trading activities and investor confidence.

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