Nicosia, Cyprus. The Cyprus Chamber of Commerce and Industry (Keve) said it has integrated the Cyprus International Businesses Association (CIBA) into its structure to strengthen national-level representation. Separately, President Nikos Christodoulides urged faster offshore natural gas plans, and CySEC hosted ESMA board meetings in Nicosia.
Keve integrates CIBA
Keve announced the integration of CIBA into its structure, saying the move aims to strengthen the collective representation of the business community at national level.
The chamber said CIBA’s inclusion enhances the unified voice of businesses in Cyprus, reinforcing dialogue and cooperation with policymakers.
CIBA represents the international business community operating in Cyprus and plays an active role in promoting and safeguarding the sector’s interests.
Its member companies are active across international business services and headquarters activities, as well as financial, accounting, legal and tax services. They also operate in shipping and maritime services, technology, ICT, software and digital services, as well as investment and fund management.
President calls for acceleration of natural gas plans
President Nikos Christodoulides on Wednesday called for an acceleration of plans to extract natural gas off the coast of Cyprus, following a meeting with a delegation from American multinational energy corporation Chevron, headed by emerging countries chairman Javier La Rosa.
Christodoulides said the internal process related to the agreement with Chevron, Israeli energy company NewMed Energy, and the BG Group, which is owned by Royal Dutch Shell, concerning the Aphrodite gas field on Block 12 of Cyprus’ exclusive economic zone is close to completion.
“In light of international developments, the need to accelerate the implementation of the Republic of Cyprus’ energy plans is becoming even more urgent,” he said.
He added that the plans are of particular importance for the wider region and for the European Union, and are being devised and executed at a time when energy security, diversification of sources, and the energy autonomy of Europe are at the heart of the European agenda.
CySEC hosts ESMA meetings in Nicosia
The Cyprus Securities and Exchange Commission (CySEC) said on Wednesday that it successfully hosted the European Securities and Markets Authority (ESMA) for its board of supervisors and management board meetings in Nicosia on April 28 and April 29.
What do you expect the integration of CIBA into Keve to change for businesses operating in Cyprus?