Cyprus Stock Exchange market capitalisation of shares reached €1.90 billion in July

The market capitalisation of the shares traded in Cyprus Stock Exchange reached €1.90 billion during the last trading session of July, according to the monthly bulletin of the CSE.

Additionally, according to the CSE, the total market capitalisation, including the Bond Market, reached €3.37 billion, from €3.41 billion in the previous month, decreased by 1.08%.

Based on the data for the month, the Main Market constitutes 31.66% of the total market capitalisation, the Alternative Market 23.11%, the Surveillance Market 1.65% and the Bond Market 43.58%.

Furthermore, according to the CSE, the total value of transactions of the month amounted to €4.46 million, with the average of €0.21 million per trading session. Most of the total trading volume of the past month was concentrated in the financial sector with a percentage of 81.93%.

The shares with the highest percentage of the monthly trading volume were those of “Demetra Holdings Plc” and the shares of “Bank of Cyprus Holdings Plc”, with a percentage of 40.45% and 21.82% respectively.

On the last trading session of July 2022, the General Index reached 67.59 points, representing a relative decrease of 0.6%, which was accompanied by an increase in the total value of shares traded by 18.62%, compared to the previous one month.

Source: Cyprus News Agency

Cyprus has second largest percentage of firefighters, lower than average spending according to Eurostat

Cyprus was the country with the second largest share of firefighters in its overall workforce in 2021 in the EU, according to data released by Eurostat, the statistical service of the European Union on the occasion of the large increase of fires in multiple member states due to increased temperatures and the effects of climate change.

Also, according to data regarding government spending on fire protection services in 2020, Cyprus spent about 0.4% of its government expenditure, which was lower than the EU average for that year (0.5%).

1,622 firefighters in Cyprus in 2021

Estonia, Cyprus, Romania, and Slovakia (all around 0.4% of total employment) registered the highest share of firefighters in their respective workforces in 2021.

The percentage for Cyprus was about 0.38%, corresponding to 1,622 firefighters out of a total of 431,716 workers.

About 365 thousand people were employed as professional firefighters in the EU, representing 0.2% of total EU employment.

In terms of age, most of the firefighters are relatively young, with the age groups 35 – 39 years and 40 – 44 years having the highest numbers of people, around 61,000 each.

In broader age groups, there were 50,300 firefighters older than 55 years, 264,600 firefighters in the 30 – 54 age group and 50,100 firefighters in the 15 – 29 age group.

Expenditure under EU average

In 2020, general government expenditure in the 27 EU Member States on “fire protection services” amounted to 32.9 billion euro, a 6.4% increase from 2019, when expenditure was around 30.9 billion euro.

The share in general government total expenditure was 0.5% on average in the EU. Overall, in the EU, government expenditure on fire-protection services remained stable at around 0.4 – 0.5% of total expenditure since the beginning of the time series in 2001.

Cyprus reported a 0.4% share of government expenditure dedicated to fire protection, below the EU average, along with Finland, Hungary, Ireland, Italy, Latvia, the Netherlands, Poland, Spain and Sweden. Croatia, France and Slovakia reported a percentage corresponding to the EU average of 0.5%.

In 2020, Denmark reported the lowest share of expenditure on fire protection services in total expenditure at 0.1%, followed by Iceland with 0.2% and Belgium, Malta, Austria, Portugal and Slovenia with 0.3% of their general government total expenditure.

In contrast, Romania had the highest share of expenditure on fire protection services with 0.8%, followed by Bulgaria, Czechia, Germany, Estonia, Greece, Lithuania and Luxembourg with 0.6%.

Source: Cyprus News Agency

PRESS RELEASE – BW – The Nature Conservancy and Global Partners Hold Session on Improvin…

The Nature Conservancy and Global Partners Hold Session on Improving Protected Marine Areas at UN Oceans Conference With Support From Mary Kay Inc.

With less than 3% of the ocean effectively protected, stakeholders call for strengthening global efforts to protect at least 30% of our ocean with a focus on improving the management of existing areas, rather than promoting the establishment of new protection.

DALLAS–(BUSINESS WIRE)– The United Nations Ocean Conference 2022 took place from June 27 to July 1, in Lisbon, Portugal, and brought together more than 5,000 participants, including world leaders, entrepreneurs, youth, influencers, and scientists. The conference aimed to facilitate these stakeholders in finding science-driven innovations and solutions to respond to a multidimensional ocean crisis driven by climate change, overfishing, habitat loss, and pollution.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220809005180/en/

The Nature Conservancy logo (Logo: The Nature Conservancy)

The Nature Conservancy (TNC), with support from Mary Kay Inc., held an event in collaboration with United Nations Environment Programme (UNEP), the Government of Ecuador, the Jocotoco Foundation, the Charles Darwin Foundation for the Galapagos Islands, Re:wild, and the Marine Conservation Institute.

TNC and UNEP moderated the event, highlighting the critical importance of ensuring quality Marine Protected Areas (MPAs) by enhancing governance, effective management, and climate resilience and the significant roles that communities, NGOs, governments, philanthropy, the private sector, and cross-sector collaborations play in effective MPAs.

The event stood out at the conference, as it emphasized the need to improve the management of existing areas, instead of promoting the establishment of new protection. As currently fewer than 3% of MPAs are effectively managed, the efficacy of these protective measures is essential to capitalize on their potential for both conservation and livelihoods.

Dr. Lizzie Mcleod of TNC noted, “Effective management is foundational to achieving 30×30 commitments—a campaign to protect 30 percent of the world’s ocean by 2030. With support from Mary Kay, TNC, UNEP, and other partners, we are developing tools for marine managers to improve marine management, support sustainable financing, and guide marine habitat restoration. By leveraging innovation, new technologies, and global best practices, marine managers will be better able to tackle major threats facing our oceans.”

“MPAs are key to ocean health and sustainable development. But they are not always effective without a range of support. Decision support tools that enable improved MPA design and management, knowledge sharing, and collaboration are needed to give marine stakeholders the support they need to better protect the oceans,” said Ole Vestergaard, Programme Officer in the Marine, Coastal and Freshwater Ecosystems Branch of Division for Environmental Policy Implementation at UNEP.

“Mary Kay’s founder, Mary Kay Ash, believed that there are three types of people in this world: those who make things happen, those who watch things happen, and those who wonder what happened,” said Deborah Gibbins, Chief Operating Officer at Mary Kay. “We’re honored to join forces with the first type of people to develop the tools and resources needed to protect our oceans for generations to come.”

If we are to protect and restore ocean and coastal ecosystem services and revitalize ocean systems and secure our current livelihoods and humanity’s future, we must improve the effectiveness of marine protected areas in achieving their conservation and sustainability goals in parallel to accelerating MPA coverage.

About The Nature Conservancy (TNC)

The Nature Conservancy is a global conservation organization dedicated to conserving the lands and waters on which all life depends. Guided by science, we create innovative, on-the-ground solutions to our world’s toughest challenges so that nature and people can thrive together. We are tackling climate change, conserving lands, waters, and oceans at an unprecedented scale, providing food and water sustainably, and helping make cities more sustainable. Working in 79 countries and territories, we use a collaborative approach that engages local communities, governments, the private sector, and other partners. To learn more, visit www.nature.org or follow @nature_press on Twitter.

About the United Nations Environment Programme (UNEP)

UNEP is the leading global voice on the environment. It provides leadership and encourages partnership in caring for the environment by inspiring, informing, and enabling nations and peoples to improve their quality of life without compromising that of future generations.

About Mary Kay Inc.

One of the original glass ceiling breakers, Mary Kay Ash founded her dream beauty company in 1963 with one goal: enriching women’s lives. That dream has blossomed into a multibillion-dollar company with millions of independent sales force members in nearly 40 countries. As an entrepreneurship development company, Mary Kay is committed to empowering women on their journey through education, mentorship, advocacy, networking, and innovation. Mary Kay is dedicated to investing in the science behind beauty and manufacturing cutting-edge skincare, color cosmetics, nutritional supplements, and fragrances. Mary Kay believes in enriching lives today for a sustainable tomorrow, partnering with organizations from around the world focusing on promoting business excellence, supporting cancer research, advancing gender equality, protecting survivors of domestic abuse, beautifying our communities, and encouraging children to follow their dreams. Learn more at marykayglobal.com, find us on Facebook, Instagram, and LinkedIn, or follow us on Twitter.

Source: Cyprus News Agency