Geneva, Switzerland. Safe Bulkers CEO Polys Hajioannou said shipping should be treated as a foundation of Europe’s resilience agenda during the EU Trade Policy Retreat held in Geneva in the context of Cyprus’ Presidency of the Council of the European Union.
EU Trade Policy Retreat in Geneva
The retreat was organised by the Permanent Mission of the Republic of Cyprus to the United Nations (UN) and the World Trade Organisation (WTO), bringing together officials, academics and industry representatives to discuss the future of global trade, supply chains and Europe’s strategic role in an increasingly fragmented world.
Hajioannou, who is also president of the Cyprus Union of Shipowners (CUS), took part in the second working session, which focused on resilient and open supply chains in a fragmenting world.
The session also included Andrew Wilson, Deputy Secretary General for Policy at the International Chamber of Commerce, and Nicolas Maystre, Senior Economic Affairs Officer at UNCTAD’s Macroeconomic and Development Policies Branch.
Bank of Cyprus issues €300 million senior preferred notes
The Bank of Cyprus (BoC) announced that it successfully launched and priced a €300 million senior preferred notes issuance under its EMTN Programme.
According to a filing on the Cyprus Stock Exchange (CSE), the transaction was carried out by Bank of Cyprus Holdings Public Limited Company together with its subsidiary Bank of Cyprus Public Company Limited and the wider group.
The notes were priced at 99.822 per cent with a fixed coupon of 3.875 per cent per annum, payable annually in arrear until the optional redemption date of May 20, 2030.
The issuance achieved a yield of 3.924 per cent, reflecting favourable market conditions and investor appetite.
Cyprus Stock Exchange marks 30th anniversary
The Cyprus Stock Exchange on Thursday released a statement recapping its 30th anniversary event, highlighting its contribution to economic development and outlining future priorities.
The exchange said it celebrated 30 years of operation and contribution to the economy, emphasising its role in supporting businesses and strengthening Cyprus’ capital market.
What do you consider the most important priority for strengthening Europe’s resilience and supply chains?
