Breaking news

Cypriot Businesses Maximize €14M Digital Scheme Budget Instantly

In a remarkable turn of events, the €14 million budget allocated for the third iteration of the Cypriot digital upgrade scheme was fully claimed on its very first day of availability. This initiative, organized by the Energy Ministry, underscores the robust enthusiasm of local businesses to enhance their digital capabilities.

High Volume of Applications

A total of 491 applications were submitted within a single day, reflecting a diverse array of both longstanding and new enterprises eager to embrace digital modernization. The applications will undergo evaluation sequentially, determined by their submission order.

Partnership for Progress

This digital scheme is part of the broader Thaleia 2021–2027 program and receives financial backing from both the Republic of Cyprus and the European Union’s European Regional Development Fund (ERDF). For those interested in more developments within Cyprus’s arena of growth, such as the recent trends in building permits, this scheme exemplifies the strategic alignment with EU cohesion policy frameworks.

Greek Tankers Transit Hormuz As Shipping Risks Rise In Gulf And Black Sea

Two tankers linked to George Prokopiou passed through the Strait of Hormuz as regional tensions continue to affect shipping routes in the Gulf.

Safe Passage Through Hormuz

The tanker Smyrni, operated by Dynacom Tankers Management, was observed off the coast of Mumbai on Saturday morning after its earlier positioning in the Persian Gulf. The vessel, like its predecessor Shenlong, temporarily disabled its transponder during transit, a common practice in these narrow channels under uncertain conditions.

Robust Market Commitments

Despite reduced shipping traffic through the strait, Dynacom has continued expanding its fleet. The company recently ordered four additional VLCC tankers from Hengli Heavy Industry. Each vessel will have a capacity of 300,000 deadweight tonnes. With the new order, Dynacom’s VLCC program in Chinese shipyards now totals 16 vessels.

Security Incident In The Black Sea

In a separate incident, the Greek-flagged tanker Maran Homer sustained minor damage near Novorossiysk in the Black Sea. The vessel is operated by Maran Tankers Management, part of the shipping group controlled by Maria Angelicoussis.

Reports indicated the ship was struck by a missile or drone about 14 nautical miles from the port. The crew of 24, including Greek, Filipino and Romanian sailors, was not injured. The vessel, which was not carrying cargo, continued sailing under its own power.

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