The 13th Supply Chain & Logistics Summit & Exhibition took place on Thursday, 31 October 2019, at Filoxenia Conference Center in Nicosia. The Summit, which was jointly organised by EY and IMH, focused on Supply Chain Strategy, Planning & Sourcing, Production Optimization and Warehousing & Distribution issues.

The island’s effort to import natural gas to power its electricity grid looked set to delay further after complications emerged in the tender process for the construction of an LNG import terminal at Vassilikos.

Hermes Airports was the proud recipient of three awards at the first-ever Cyprus HR Awards, in a ceremony held recently in Nicosia.

Cyprus' unemployment rate recorded the second largest annual drop in the EU in September 2019 decreasing to 6.6% from 8% a year ago while in August it was 6.8%.

Anne-Charlotte Bournoville, Head of International Relations and Enlargement Unit of the European Union Commission’s DG Energy described natural gas discoveries in the region as “a game-changer” for Cyprus, Israel and Egypt.

The European Union is a strong believer and supporter of the Eastern Mediterranean’s energy prospects, a senior official told a conference in Nicosia recently.

Hellenic Bank has signed a share-purchase agreement with MetLife Services Cyprus for the acquisition of its 27.5% participation in the share capital of Hellenic Alico Life Insurance giving it a 100% control.

As borrowing has become cheaper, Finance Minister Harris Georgiades said a process has been launched for the early and full repayment of an IMF loan after settling a €2.5b loan from Russia before time.

Irish Distillers, producer of the world’s most well-known and successful Irish whiskeys, has unveiled Jameson Caskmates IPA Edition in Cyprus, a new extension to the innovative Caskmates range of whiskeys finished in beer-seasoned barrels.

In the CASE STOCKMAN INTERHOLD –V- ARRICANO TRADING LTD & OTHERS the District Court of Limassol held inter alia (following and adopting English case law) that an international arbitral award may be recognized and enforced, either by the summary procedure stated in the New York Convention, or at common law, by filing of an action on the basis of the arbitral award.