Day: February 28, 2023

The Turnover Value Index during the period January-December 2022, recorded increases in all sectors of economic activity compared to the corresponding period of 2021, according to data published by the Statistical Service on Tuesday.

More specifically, professional, scientific and technical activities rose by 46.6%, accommodation and food service activities increased by 39.3%, information and communication by 22% and administrative and support service activities recorded a 8.5% increase.

By division of economic activity, in 2022 the largest increase was recorded in Travel agency, tour operator reservation service and related activities, which increased 270.8%. Publishing activities was the only division recording an annual decrease by 11.3%.

During the fourth quarter of 2022 the turnover value index recorded increases in the sectors of administrative and support service activities by 23.1%, of accommodation and food service activities by 9%), of information and communication by 8.9% and of professional, scientific and technical activities by 8.1% compared to the corresponding quarter of 2021.

Source: Cyprus News Agency

President of the House of Representatives Annita Demetriou has expressed the deep sorrow of the Cyprus Parliament for the untimely loss of Turkish Cypriots during the devastating earthquakes in Turkey and conveyed sincere condolences to the Turkish Cypriot community.

Referring to the earthquake during a special session of the Parliament, Demetriou said that among the victims of the February 6, 2023 earthquake that hit Turkey and Syria, where more than 40,000 people lost their lives so far, there are 49 Turkish Cypriot compatriots.

She said that the victims of the Turkish Cypriot sports mission, young students and their companions, amount to 35, while another 14 Turkish Cypriots, who were in other cities of Turkey, also lost their lives in the ruins.

“On behalf of all the members of the House, I express our deep sorrow for the untimely loss of our compatriots and I extend our sincere condolences to all members of the Turkish Cypriot community,” she concluded.

Source: Cyprus News Agency

Cyprus’ president-elect, Nikos Christodoulides, was sworn in on Tuesday at a special ceremony at the House of Representatives, in Nicosia, with Parliament President, Annita Demetriou, wishing him “strength and endurance” to respond to the great responsibility he is assuming.

In her speech, expressed the Parliament’s readiness “for positive cooperation” but also to respond to its important role, of exercising parliamentary control for acts and omissions of the executive.

Demetriou, on behalf of all MPs, and representatives of religious groups, congratulated Christodoulides for his election. “We wish the new President strength and endurance to meet the great responsibility he assumes towards his homeland and citizens,” she said.

Referring to the Cyprus issue, she noted that, developments in the international environment are creating dangers as well as opportunities in relation to the prospects of Cyprus’ effort to terminate the Turkish occupation through a solution of the Cyprus problem, based on the UN resolutions, and high -level agreements and one that will incorporate European principles and values.

At the same time, she noted, as a result of the pandemic and invasion of Ukraine, “we are already going through a period of increased economic uncertainty” in which fiscal stability, sustainable development, digital transformation and social solidarity were imperative.

Demetriou also said that, the House of Representatives, in the context of its powers and responsibilities, remains willing and ready for positive cooperation with the executive bodies in order to achieve benefits for the citizens. She also noted that, at the same time, the House of Representatives, “is ready to respond to its other equally important role”, that of the parliamentary control of acts and omissions of the executive.

She also said that, the deepening of democratic processes, the enhancement of accountability and citizens’ confidence in the institutions “are a collective responsibility of all of us”, including state officials, political parties and every person in public office, in general.

Ending her speech, Demetriou thanked the outgoing President of the Republic, “for his cooperation and his contribution to the country”.

Subsequently, the administrative clerk of the House, MP Christos Orphanides, accompanied Christodoulides to the podium for his affirmation. After being sworn-in, Christodoulides delivered his address.

The ceremony took place in a crowded hall, where first lady, Andri Anastasiades, was present, as well as Christodoulides’ wife, Philippa Karsera, his daughters and other members of his family, outgoing Ministers and Commissioners, state officials, as well as former members of Cabinet who had served during the 10-year Nikos Anastasiades administration, but also the new members of the Cabinet, who will be sworn in on Wednesday morning.

Archbishop of Cyprus Georgios was also present, also, ambassadors and representatives of foreign countries, and the religious leaders of the Armenian, Maronite and the Anglican communities in Cyprus.

Prior to the ceremony, Christodoulides had a meeting with Demetriou in her office. They were later joined by outgoing President of the Republic, Nicos Anastasiades.

After the ceremony, Christodoulides received the congratulations of the parliamentary groups at the office of the House Speaker.

Cyprus has been divided since 1974, when Turkey invaded and occupied its northern third. Repeated rounds of UN-led peace talks have so far failed to yield results. The latest round of negotiations, in July 2017 at the Swiss resort of Crans-Montana ended inconclusively.

Source: Cyprus News Agency

Outgoing President Nicos Anastasiades has said that he will remain politically active, not in the sense of interventions, but as an advisor through the wisdom he has gained over the years.

In statements to journalists at the House of Representatives where he attended the ceremony for the new President of the Republic Nikos Christodoulides, Anastasiades said that after 42 years in politics, with the last ten being as President of the state, the time has come for new people to take over.

He recalled that the limitation as regards the terms in office of a President was one of his commitments in order to enable renewal.

“I am happy because today, a new page is being written in Cypriot political history and what I would like to wish is every success to the new President, the new Ministers because this will be to the benefit of Cyprus”, he said.

He added that he will remain politically active but not in the sense of interventions or negative intentions. On the contrary, he added, the wisdom that has been accumulated for so many years, can only work in a positive and advisory way.

He expressed his warm thanks to the Parliament, to the political forces of the country as well as his gratitude to the people who placed their trust on him for two five year terms and expressed the belief that he responded to the people’s demands to the maximum extent possible.

He added that this does not mean that mistakes were not made, “but not the ones that certain people wanted to attribute to me.”

Asked to give his opinion about the new Cabinet, he pointed out that Ministers are judged by their work, saying that preconceived positions do not help and what is required, is consent, cooperation and everyone is judged by the outcome of their work.

Invited to say what advice he would give to Nikos Christodoulides, he recommended patience, understanding and cooperation.

Replying to other questions, he said that he will stay in Limassol for some time and will assess whether there is need for a political office in Nicosia, while a political office in Limassol will definitely be operating.

Source: Cyprus News Agency

War crimes and crimes against humanity must not go unpunished, President of the House of Representatives Annita Demetriou said Tuesday, referring to the war in Ukraine, one year after the Russian invasion.

She stressed that Cyprus, being a victim of invasion and occupation of part of its territory by Turkey for 49 years now, had condemned from the beginning the Russian invasion of Ukraine.

“On the very first day of the invasion, the House of Representatives unanimously adopted a resolution, calling for an immediate ceasefire and the withdrawal of Russian troops from Ukrainian territories,” she noted.

She expressed Cyprus’ undivided support to the Ukrainian people who are being tried and emphasized that war crimes and crimes against humanity must not remain unpunished.

She noted that Cyprus, “regardless of the cost”, has fully cooperated and implemented decisions and measures taken against the aggressor. Cyprus, she added, supports every effort to ensure full accountability for the violations of human rights and International Humanitarian Law committed in Ukraine.

The goal of our efforts, she concluded, is to terminate the war, restore stability, peace, and security in Ukraine and the European continent.

Source: Cyprus News Agency

President Director and CEO of Indosat Ooredoo Hutchison (Indosat), Vikram Sinha, discussed the story of Indosat, the most successfully merger that empowers Indonesia. Indosat is the new world-class digital telecoms and internet company for Indonesia resulting from the merger of Indosat Ooredoo and Hutchison 3 Indonesia.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230228005739/en/

Vikram Sinha, President Director and CEO of Indosat Ooredoo Hutchison (Photo: Business Wire)

During the roundtable discussion, Sinha highlighted that telco mergers often fail for various reasons, such as difficulty integrating different technologies and systems, regulatory hurdles, and challenges in retaining key personnel and customers. However, Indosat’s successful merger has transformed the telecommunications industry and Indonesia’s GDP growth.

Indonesia is one of the fastest-growing economies in the world and one of the most prominent digital economies in ASEAN. Digital adoption enables Indonesia to reduce the time to realize its long-term goal of achieving high-income status. Indosat, a digital telco with 100 million subscribers, is transforming rapidly to help drive the digital revolution in the country.

Sinha discussed how the merger of Indosat Ooredoo and Hutchison 3 Indonesia had exceeded all expectations for 2022, giving a positive outlook for Indonesia’s market and the opportunity to grow in the telco industry. Indosat has an ongoing 9-quarter integration plan, and the realization of their synergies is running smoothly and has been completed ahead of the plan. Using Multi-Operator Core Networks (MOCN) technology, their network integration is targeted to be completed this quarter.

Indosat launched a research report titled Empowering Indonesia 2023, which reviews the pillars of Indonesia’s digital economy and the role of technology in accelerating its future growth. The report shows that Indosat is the primary driver of the telecommunications industry and Indonesia’s GDP growth, fueled by its solid growth in 2022.

Indosat’s Full-Year 2022 Result shows a solid performance both financially and operationally. Total revenue increased by 48.9% YoY, EBITDA was recorded at Rp19,468.7 billion, and net profit for the year attributable to parent company owners was Rp4,723.4 billion, normalized net profit increased by 76.2% YoY. The company’s cellular customers increased by 62.5% to 102.2 million for FY 2022.

“We have defied expectations and become the successful merger in the world. Indosat is not just good for the industry; it’s good for Indonesia. We will continue to drive the digital revolution and create value for all our stakeholders,” said Vikram Sinha, President Director and CEO of Indosat Ooredoo Hutchison.

About Indosat Ooredoo Hutchison

Indosat Ooredoo Hutchison (IDX: ISAT)’s vision is to become the most preferred digital telco of Indonesia. Through its world-class digital telecom services and preeminent network, Indosat Ooredoo Hutchison strives to connect and empower every Indonesian. Jointly controlled by Ooredoo Group and CK Hutchison, Indosat Ooredoo Hutchison was formed through the merger of PT Indosat Tbk and PT Hutchison 3 Indonesia in 2022.

Website: www.IOH.co.id

Contacts

Steve Saerang, SVP – Head of Corporate Communications

+62 816 100 930

E-mail: steve.saerang@IOH.co.id

Source: Indosat Ooredoo Hutchison

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Vikram Sinha, President Director and CEO of Indosat Ooredoo Hutchison (Photo: Business Wire)

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This material is not a CNA editorial material and CNA shall not bear responsibility for the accuracy of its content. In case you have any questions about the content, kindly refer to the contact person mentioned in the text of the press release.

Source: Cyprus News Agency