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Maritime Leaders Advance Education And Sustainability At Cyprus Marine Club Event

by THEFUTURE.TEAM

November 19, 2025

Networking And Strategic Announcements

The Cyprus Marine Club recently convened over 100 maritime professionals at its premier event, “From Sea To Sushi – Celebrating Seafaring And Flavour,” hosted at Gazebo Mare. The evening seamlessly combined critical industry updates with an engaging culinary demonstration, setting the stage for both formal announcements and informal exchanges among peers.

Expanding Membership And Industry Partnerships

In the absence of the Club President due to travel obligations, Loucas Hamatsos assumed the role of chairing the event. Hamatsos welcomed members and announced several strategic updates, including the induction of new corporate members such as the Cyprus Shipping Chamber (CSC) and SHOHAM, along with the addition of individual members Mar Pagador and Ilya Aristov. With these enhancements, the Club’s membership roster now exceeds 162, reflecting a growing commitment to industry excellence.

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Commitment To Sustainability And Future Engagements

Attendees were informed of an upcoming Extraordinary General Meeting scheduled for December 2, 2025, which will feature discussions on pivotal topics such as onboard carbon capture. The evening will culminate with a presentation and dinner featuring Dieter Rohdenburg, CEO of Intership Navigation, who will explore sustainable practices under the theme “Carbon Capture On Board.” Furthermore, members were encouraged to mark their calendars for the New Year’s Gala Dinner on January 31, 2026, with registration opening in December.

Advancing Maritime Education In Cyprus

The event also spotlighted the Cyprus Maritime Academy (CYMA), where representatives Kyriakos Patsalides and Nicholas Kythreotis shared the Academy’s recent accreditation by the Shipping Deputy Ministry. This milestone authorizes CYMA to deliver advanced training courses for deck and engine officers, thereby equipping maritime professionals with the credentials required to ascend to senior roles onboard—a significant leap forward for maritime education in the region. Although Shipping Deputy Minister Marina Hadjimanolis was unable to attend due to personal reasons, the presence of several ministry representatives underscored continued governmental support.

Culinary Networking Experience

The evening concluded with an interactive sushi-making session that fostered an informal atmosphere conducive to networking and collaboration. This innovative approach underscored the Club’s dedication to blending professional development with creative and engaging experiences, a formula that continues to unite a diverse array of maritime experts.

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Tax Department Targets 500 Companies With Over €1 Million In Outstanding Tax Debt

Targeting Major Tax Defaulters

Cyprus’ Taxation Department is preparing to target an initial group of 500 companies with tax arrears exceeding €1 million as part of newly approved enforcement measures aimed at recovering unpaid liabilities. Under the updated framework approved by parliament, businesses with significant outstanding tax debts could face operational suspension and the sealing of their premises.

Debt And Enforcement Timeline

Authorities have identified companies across sectors, including retail, betting, luxury yacht sales and manufacturing, that have failed to settle substantial tax debts despite previous warnings and recommendations. The sealing measure legally applies to businesses owing more than €20,000, although the first phase will focus on companies with the largest outstanding liabilities.

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Officials said affected firms will receive three warnings over a period of 25 days before stricter measures are enforced. The aim is to encourage companies either to fully settle their debts or agree to an instalment plan.

Comprehensive Debt And Collection Measures

Outstanding liabilities include income tax, extraordinary defence contribution, capital gains tax, VAT, withholding taxes and related contributions. The amounts are based either on taxpayer self-assessments or final determinations issued by the tax office after all legal and procedural deadlines have expired.

Enhanced Compliance Through Documentation

The sealing measures will also apply to businesses that fail to issue invoices and receipts, submit inaccurate documentation or obstruct auditors during compliance checks. To support the process, the Taxation Department has procured tablets connected to the relevant software systems, while personnel are undergoing training focused on invoice and receipt verification.

Consequences For Non-Filing Of Returns

The enforcement policy will additionally apply to businesses that fail to submit mandatory tax, VAT and withholding declarations. Taxpayers have until the end of the year to regularise outstanding filings, after which operational suspensions are expected to begin on January 1, 2027.