Corporate Social Responsibility Leaders and Cyprus Accounting Authorities Unite for Educational Beach Cleanup

by THEFUTURE.TEAM

September 10, 2025

Overview

The Corporate Social Responsibility Committee, in collaboration with the Coordinating Committee of Limassol-Paphos of the Association of Approved Auditors in Cyprus, is proud to announce an Educational Beach Cleanup. This initiative, organized in conjunction with the Limassol Provincial Administration, the Pentakomo Community Council, the Cyprus Lifesaving Federation, and Let’s Do It Cyprus, marks the celebration of the Global Clean-Up Day.

Event Details

Participants are invited to join the effort at one of Cyprus’ most picturesque beaches. The event is designed not only to enhance environmental stewardship but also to inspire youth by engaging families in community-driven sustainability initiatives.

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Date: Sunday, September 28, 2025
Location: Governor’s Beach, Limassol
Meeting Point: Faros-Angelos, Akte Tou Kyverniti (Griva Digenei 5, Akte Kyverniti 4528, Pentakomo, Limassol)
Time: 10:00 AM to 12:55 PM

Seminars and Certification

The initiative will feature an interactive seminar highlighting the achievement of the 17 Sustainable Development Goals, alongside a first aid and beach safety seminar conducted by lifesavers and certified trainers. Furthermore, a practical workshop on proper waste recycling and separation will be offered. Participants, including both adults and children, will receive a Certificate of Achievement (CPD 3 unverifiable units) recognizing their contributions.

Additional Offerings

To ensure a well-rounded event, optional activities such as dance and exercise sessions will be available. Organizers will provide essential supplies including gloves, bags for rubbish and recycling, as well as refreshments comprising water, juices, pizza, sandwiches, and fruit.

Registration and Contact Information

Registration is free. Interested individuals are encouraged to sign up through the provided link to the Cyprus Approved Auditors Association seminars page. For further inquiries or clarifications, please contact 22870030.

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Central Bank Of Cyprus Balance Sheet Reflects Strong Eurosystem Position

by THEFUTURE.TEAM

February 17, 2026

Overview Of Financial Stability

The Central Bank of Cyprus (CBC) has released its latest balance sheet, reaffirming its steadfast role within the Eurosystem. The balance sheet, featuring total assets and liabilities of €29.545 billion, underscores the institution’s stable financial posture at the close of January 2026.

Asset Allocation And Strategic Holdings

Governor Christodoulos Patsalides issued the balance sheet, which details the CBC’s asset composition under the Eurosystem framework. Notably, the bank’s gold and gold receivables amounted to €1.635 billion, providing a significant hedge and stability to its balance sheet. Additional asset categories include claims on non-euro area residents denominated in foreign currency at €1.099 billion, while claims on euro area residents in both foreign and domestic currency add further depth to its portfolio.

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The most substantial asset category, intra-Eurosystem claims, reached €19.438 billion, an indication of the CBC’s deep integration with its European counterparts. Furthermore, euro-denominated securities held by euro area residents contributed €6.587 billion. Despite a marked emphasis on these areas, lending to euro area credit institutions in monetary policy operations recorded no activity during the period.

Liability Structure And Monetary Policy Implications

On the liabilities side, banknotes in circulation contributed €3.218 billion. Liabilities to euro area credit institutions associated with monetary policy operations were notably the largest single category, totaling €17.636 billion. Supplementary liabilities included those to other euro area residents, which aggregated to €4.989 billion, with government liabilities playing a predominant role at €4.754 billion.

Other liability items, such as claims related to special drawing rights allocated by the International Monetary Fund at €494.193 million, and provisions of €596.571 million, further articulate the CBC’s exposure. Revaluation accounts stood at €1.643 billion, and overall capital and reserves were confirmed at €333.822 million, completing the picture of a well-capitalized institution.

Conclusive Insights And Strategic Alignment

The detailed breakdown illustrates the CBC’s sizeable intra-Eurosystem exposures, reinforcing its central role within Europe’s monetary landscape. With an asset-liability balance maintained at €29.545 billion, the CBC’s financial position remains robust, indicating a commitment to structural stability and strategic risk management.

This fiscal disclosure not only provides transparency into the CBC’s operations but also serves as a benchmark for comparative analysis among other central banks within the Eurosystem, highlighting the intricate balance between asset liquidity, regulatory oversight, and monetary policy imperatives.

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