Registered Unemployed – June 2024

The unemployed persons, registered at the District Labour Offices on the last day of June 2024, reached 10.112 persons. Based on the seasonally adjusted data that show the trend of unemployment, the number of registered unemployed for June 2024 increased to 10.959 persons in comparison to 10.839 in the previous month. 

Wholesale and Retail Trade Survey – 2022

According to the results of the Wholesale and Retail Trade Survey, the main aggregates of the trade sector in 2022 registered a positive growth rate compared to 2021.

In particular, turnover in the broad trade sector increased in 2022 by 20,7% to €17.618,2 million compared to €14.598,3 million in 2021. At division level, in wholesale and retail trade and repair of motor vehicles and motorcycles turnover increased by 17,9% to €1.220,9 million, in wholesale trade by 28,7% to €9.073,0 million and in retail trade by 12,5% to €7.324,3 million.

On June 27, 2024, the Eunite: SME project launched the 2024 Startups4Peace (Su4P) bicommunal accelerator programme, co-funded by the European Union and the Embassy of Finland.

Su4P is a competition and mini-accelerator programme co-funded by the European Union and the Embassy of Finland within the scope of the Eunite: SME project implemented by GIZ International Services. The programme is delivered in partnership with Cyprus Chamber of Commerce and Industry, Turkish Cypriot Chamber of Commerce and Cyprus Inno.

The programme encourages innovative entrepreneurs and StartUps with new and emerging business ideas in Cyprus to come together, work in partnership and develop connections and relationships between Greek Cypriot and Turkish Cypriot communities. Successful applicants are supported to develop, test and market their business ideas through a series of residential bootcamps, bepoke mentoring and a pitching battle. The ultimate prize for three [3] winning teams will be participating at SLUSH, the world’s leading start-up exhibition in Helsinki, Finland, in November 2024.

The call for applications opened on 27 June 2024 and will close on 12 August 2024.

For more information on the scheme criteria, guidelines and application process, please see: https://www.startups4peace.eu/. The online application form is available on the above-website and should be submitted by 12 August 2024.

PDF – SU4P 2024 Press Release ENG

We would like to inform you that the Research & Innovation Foundation (RIF) has announced the new funding programme “Commercial Exploration of Industrial Application of Technology/Knowledge – Energy” with a budget of €1.6 million, which aims to accelerate innovation in the energy sector.

The main objective of the new programme is to evolve solutions from pilot application to commercial readiness, while contributing to intensify R&D activities to upgrade and optimise solutions/technologies already developed in this field.

The ultimate objective is to improve the performance, reliability and cost-effectiveness of existing and/or new technologies – while ensuring their viability (including environmental sustainability) – for widespread adoption in mainly industrial and commercial applications, as well as for integration into the grid.

Through the Programme, companies will have the opportunity to identify the potential of a technology / know-how for commercial industrial application, which will address challenges facing the energy production, storage, transmission and distribution sectors.

The maximum funding per project is €200,000 and interested parties can find more information on the Foundation’s website. Proposals can be submitted via the IRIS portal and the deadline is 25 October 2024.

For further information, interested parties can contact the RIF’s Partner Service Centre at: 22205000 or by email at support@research.org.cy

PDF Circular: New RIF Funding Programme to accelerate innovation in the energy sector.docx

Please be informed that the Customs Department has issued a circular on the autonomous EU tariff quotas for certain agricultural and industrial products – Regulation (EU) 2024/1829.

The relevant circular is attached (PDF Circular below) , as well as the Regulation which lists the products that may be imported into the Union under these tariff quotas at a reduced or zero rate of duty and replaces the Annex to the basic Regulation (EU) 2021/2283.

The Regulation shall apply from 1 July 2024.

PDF Circular – Autonomous EU tariff quotas for certain agricultural and industrial products

We are pleased to announce that the Cyprus Chamber of Commerce and Industry is exploring the possibility of establishing the Cyprus – Baltic States Business Association. This initiative aims to strengthen the economic and trade relations between Cyprus and the Baltic States, fostering new business opportunities, investments, and collaborations.

The purpose of the association aims, among others, to enhance bilateral trade, as well as investment and networking opportunities. The establishment of this association will
significantly benefit our members by opening new markets and creating a supportive environment for bilateral business activities.

For all interested parties please fill in the online form HERE.

For more information you may contact the International Relations & Economic Diplomacy Department of the CCCI at Tel. 22 889718 / 22 889706 or Email: stavri@ccci.org.cy / lily@ccci.org.cy.

PDF Circular Cyprus – Baltic States Expression of Interest VF