Limassol, Cyprus. Rana K. Gupta said Cyprus should focus on commercialising research into market-ready products ahead of an innovation showcase in Limassol. Separately, Bank of Cyprus announced new shares issued to senior executives will begin trading, and Cyprus marked the International Day for Women in Maritime.
Call to commercialise research ahead of innovation showcase
Rana K. Gupta, Executive Director of the MIT Deshpande Centre, told the Cyprus Mail that Cyprus must focus on commercialising research into market-ready products ahead of his participation in the Cyprus Seeds Innovation Showcase in Limassol.
The event, scheduled for May 22, 2026 at the Kolla Factory as part of the 2026 DOERS Summit, will bring together researchers, entrepreneurs and international mentors to explore how innovation ecosystems can accelerate growth.
Gupta is expected to take part in a discussion on how international networks and diaspora connections can help small and fast-evolving innovation hubs such as Cyprus scale more effectively.
Bank of Cyprus announces trading start for new shares
The Bank of Cyprus (BoC) on Tuesday announced that 276,274 new shares issued to senior executives under incentive schemes will begin trading on May 20, 2026, on both Euronext Athens and the Cyprus Stock Exchange (CSE).
The Bank of Cyprus said the shares were issued and allocated on March 18, 2026 and April 2, 2026 to twenty members of the group’s general management, including a former executive.
The allocation was carried out under the group’s long-term and short-term incentive plans, following approvals granted at annual general meetings held in 2022, 2023 and 2024, as well as subsequent decisions by the board of directors.
The bank said that both Euronext Athens and the Cyprus Stock Exchange approved the admission of the new shares on May 19, 2026.
Cyprus marks International Day for Women in Maritime
Cyprus’ Shipping Deputy Ministry marked the International Day for Women in Maritime with a cocktail reception honouring the role of women across the shipping sector and recognising efforts to promote greater inclusion in the industry.
The event brought together members of the maritime community to celebrate the international day, which was established by the International Maritime Organisation (IMO) to recognise the contribution of women working at sea and ashore.
Addressing the reception, Shipping Deputy Minister Marina Hadjimanolis said that while shipping has traditionally been perceived as a male-dominated sector, change is happening.
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