The unemployed persons, registered at the District Labour Offices on the last day of May 2024, reached 8.159 persons. Based on the seasonally adjusted data that show the trend of unemployment, the number of registered unemployed for May 2024 decreased to 10.437 persons in comparison to 10.701 in the previous month.
Industrial Turnover Index – Annual Change -4,4% – Mar 2024
In March 2024, the Industrial Turnover Index reached 132,0 units (base 2021=100), recording a decrease of 4,4% compared to March 2023. For the period January – March 2024, the index recorded an increase of 0,8% compared to the corresponding period of the previous year.
We would like to inform you that during a meeting between the Cyprus Chamber of Commerce and Industry (CCCI) and the Ministry of Foreign Affairs, with representatives of the Treasury of the Republic of Cyprus, an update was provided on the operation of the Humanitarian Corridor and the possibility of purchasing Cypriot products to meet specific needs in Gaza.
In this context, we were informed about the establishment of a Special Fund, the AMALTHEA Fund. This fund receives monetary contributions ONLY from States and, through approved procedures, will commission UN organizations (such as the UN World Food Program) to purchase various products from international markets. It will also ask any interested parties to express their interest through the Treasury of the Republic for the purchase of goods from the domestic market for shipment to Gaza.
Due to the unique conditions prevailing in Gaza, the products of interest to the Fund in the initial phase include:
Food and mainly dried food (e.g., canned goods, pulses, flour, pasta, nuts, coffee, and generally products that can be stored without refrigeration – not fresh items like halloumi, fish, charcuterie, and no pork).
Household articles: (Mattresses, pillows, sheets, face, and bath towels, etc.).
Tents: (Without metal poles).
The range of goods may be expanded at a later stage to include other items, such as medicines.
The Ministry of Foreign Affairs and the CCCI intend to explore the possibilities of purchasing the products mentioned above from Cypriot Industries. This approach aims to generate multiple benefits for the Cypriot economy while ensuring that the supply adequacy and prices in the domestic market, particularly for Cypriot consumers, are not adversely affected.
To assess the potential of securing such products from Cyprus, please complete the attached “EXPRESSION OF INTEREST FORM” by clicking HERE and providing some basic information.
For further information, you may contact Mr. Michalis Koullouros at 22889703 or via email at m.koullouros@ccci.org.cy.
We would like to invite you to participate in a survey conducted by the University of Cyprus and the University of Warsaw, under the framework of the European project “Increasing the Uptake of AI in Retail” (INAIR), funded by Horizon Europe. The link to the questionnaire is HERE.
The purpose of the survey is to explore how AI is transforming the world of micro, small, and medium-sized enterprises in the retail sector in Cyprus, and to identify training needs within the sector to foster the adoption of AI systems.
The research report will make a special reference to the companies that will participate as a sign of reward. The Report will be published on several platforms (e.g. the EC Open Research Europe portal, the open repository of the Open Access Infrastructure for Research in Europe and the EC project platform CORDIS) and will be extensively promoted by the project consortium through various channels. Such as, events organized by the European Health and Digital Executive Agency (HaDEA) and the official project portal, press releases in the national media of the involved countries, partner newsletters, presentations at online events organized by the consortium and sponsored third-party conferences and sponsored social campaigns.
We look forward to your positive response. Thank you for your time, and we remain at your disposal for any further information. Contact details: Tel. 22889749/52/69, E-mail: eency@ccci.org.cy
