Cyprus Stock Exchange Initiates Certification Process For Energy Clearers

The Cyprus Stock Exchange (CSE) has unveiled a significant development in the energy sector with the introduction of a mandatory certification process for energy clearers within the competitive electricity market (CEM). This strategic initiative aims to bolster market integrity and operational transparency.

Structured Certification And Examination

The certification process commences with an online seminar scheduled for July 3, 2025. During this session, participants will gain an in-depth understanding of the clearing terms that govern the competitive electricity market. A subsequent written examination, set for July 15, 2025, will assess the applicants’ proficiency in these regulatory frameworks through a multiple-choice format.

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Mandatory Prerequisite For Clearing Membership

Certification is a compulsory criterion for all entities aspiring to become registered Clearing Members in the CEM. The CSE has emphasized the importance of submitting applications promptly, as the registration process involves several stages and requires collaboration with multiple competent authorities beyond the CSE.

Application Guidelines And Fee Structure

Prospective applicants must complete their registration by sending a request to Energyclearing@cse.com.cy no later than July 2, 2025, along with a fee of €150. Payments are to be directed to one of the designated accounts at either the Bank of Cyprus Public Company Ltd or Hellenic Bank Public Company Ltd, as detailed on the CSE’s official website.

Comprehensive Preparatory Materials

To ensure full preparedness, the CSE has published the key topics that will be addressed during the seminar and examined in the written test. These include critical segments from the CEM Regulations such as Appendix 1.3 on “Market Clearing Position Terms,” along with its sub-sections focusing on risk management procedures and enforcement measures. In addition, candidates must familiarize themselves with various technical procedures covering membership acquisition and exit, monetary settlements, professional competencies, and the operational protocol of the Default and Crisis Management Committee.

All relevant materials are available on the official Cyprus Stock Exchange website under the electricity market regulations section, providing a valuable resource for prospective energy clearers as they prepare for the certification process.

The Future Forbes Realty Global Properties

€50 Million Luxury Resort Planned For Ayia Napa

by THEFUTURE.TEAM

October 22, 2026

Ayia Napa could strengthen its position in the premium tourism market with a proposed €50 million mixed-use resort combining a hotel, serviced apartments, luxury bungalows and a beach club.

Aesara Investments Ltd has submitted an information form to the Department of Environment for a development to operate under the name Atlantica Wavemaster Hospitality. The project is planned for the Limnara area of Ayia Napa, along the coast south of Kryou Nerou Avenue, between the town centre and Cape Greco.

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Hotel, Apartments And Luxury Bungalows

The proposed resort will include a 324-room hotel with capacity for 648 guests, alongside a condo-hotel building containing 20 one- and two-bedroom apartments. Facilities are planned to include restaurants, bars, cafés, a spa with an indoor pool, a gym, shops, a multipurpose hall, a children’s club and a cinema.

A further 33 three-level luxury bungalows, each designed for two guests and featuring a private swimming pool, are planned for the southern part of the site. A beach club with a restaurant and an outdoor pool complex covering more than 6,300 square metres will also form part of the development.

The project includes 321 parking spaces, including 12 for people with disabilities, and 14,196 square metres of landscaped green space featuring local plant species.

Seasonal Hotel Operations And Year-Round Residences

The hotel is expected to operate from March to November, with peak occupancy during the summer season. The condo-hotel apartments, meanwhile, will be available for sale or long-term rental and intended for year-round residence. Owners and tenants will also have access to the resort’s facilities, including its pools, restaurants and fitness areas.

Construction is expected to take 24 months once the required permits are secured. At the busiest stage, the project could employ around 100 workers per day.

Environmental Restrictions Near Cape Greco

The site’s proximity to protected Natura 2000 areas has prompted strict environmental requirements. The Cape Greco Special Protection Area borders the site to the south, while a Special Area of Conservation lies approximately 50 metres away.

Conditions imposed by the Department of Environment include a maximum building height of five floors, or 18.5 metres, and restrictions on permanent structures near the coastline. The project must also use spider-web type glazing and low-intensity lighting to minimise disturbance to local birdlife.

According to the project’s consultants, the design has been prepared to comply with the environmental conditions and the final report on cumulative impacts for the Cape Greco Special Protection Area. The hotel and apartment building are positioned in the central and northern parts of the plot, away from the shoreline.

Within the designated no-build zone, located 40 metres from the boundary of the beach protection zone, only swimming pools are planned. The consultants state that these are not expected to affect protected species in the area.

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