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Solving NPLs Through Innovative Solutions-Presentations

NPL reduction in some EU countries lessons for Cyprus
Filip Keereman
Head of Unit, National Financial Systems (FISMA.E.2)

SOLVING NPLs: Macro and Micro Perspectives
George Syrichas
Executive Board Member, CENTRAL BANK OF CYPRUS

DARP—Distressed Asset Recovery Program
Josep M. Julià
Global Head – Debt and Asset Recovery Group
INTERNATIONAL FINANCE CORPORATION, WORLD BANK GROUP

NPLs in Europe
Lars Nyberg
Keynote Speaker: Lars Nyberg
Board Member Nasdaq-OMX Clearing AB

Successfully dealing with large NPL’s
Nick Smith
Director Restructuring & Recoveries, Bank of Cyprus

Cyprus’ NPL strategy in light of international experience
Oliver Wünsch
Monetary and Capital Markets
International Monetary Fund

Solving NPLs through Innovative Solutions
Bert Pijls
CEO Hellenic Bank

Portfolio sales: what role in resolving the
NPL problem in Cyprus?
Alexander Lehmann, Regional Lead Economist
European Bank

Extension of Application Submission – Grant Scheme for the Creation, Modernization, and Digital Upgrade of Processing Units and/or Marketing of Agricultural Products – 2nd Call

The Ministry of Energy, Commerce, and Industry announces an extension for the submission of applications under the 2nd Call of the Scheme until Thursday, August 1, 2024.

Please note that, due to additional savings anticipated from the 1st Call, applications will be accepted for a total budget of €7 million. However, the maximum amount of approvals will not exceed the available budget of the Grant Scheme. Priority will be determined based on the order of submission (immediate evaluation).

Applications and the required supporting documents must be submitted electronically only at https://fundingapps.meci.gov.cy, using the Chrome, Firefox, or Edge browsers.

For more information, interested parties can contact the responsible Officers at the following phone numbers: 22867275/ 22867279/ 22867243/ 22867154/ 22867388.

PDF Circular – Funding Scheme for Energy Upgrade and Strengthening the Competitiveness of Large Enterprises

Business Guide to Deals and Discounts Practices

Please find attached (PDF below), for your information, the final form of the “Business Guide for Offers and Discounts Practices”, from the Consumer Protection Service.

The guide differs in several points from the draft that was sent, as a result of the comments of the (SPPEK) Association of Consumer Goods Suppliers and Retailers Associations that were finally adopted and taken into account in the drafting of the final text.

The purpose of the guide is to provide guidance to businesses on how the provisions of the Law should be interpreted and applied in relation to traders’ promotions and to facilitate their correct application.

For any additional information or clarification please contact the Consumer Protection Service at 22200900 / 22200921.

PDF Circular – Business Guide to Deals and Discounts Practices

Extension of Application Submission for the European Enterprise Promotion Awards 2024

Following our previous update, we inform you that the Ministry of Energy, Commerce, and Industry has extended the application submission deadline for the National Competition for the European Enterprise Promotion Awards 2024 until Monday, July 8, 2024.

Attached (PDF below )  is the circular dated April 16, 2024, where you can find more information about the competition and the application submission process.

For more information, please contact the Responsible Officer of the Ministry, Ms. Maria Christina Chamberlain, at 22867266.

PDF – Extension of Application Submission for the European Enterprise Promotion Awards 2024