cdbbank's contribution beyond banking is reflected in its contribution to areas other than the economy, such as education, research and culture. Prime examples are outlined below:
Project Partner in FINA-RET
cdbbank is participating, as project partner, in the European Project FINA-RET, funded under the European Programme “Intelligent Energy-Europe” (IEE). The Project started in December 2007 and was concluded in November 2009.
FINA-RET has been carried out by a consortium of seven European partner organizations coming from different backgrounds, including banking, environmental research, business consulting as well as national agencies/associations working for energy efficiency, environment and climate protection.
FINA-RET had the following key objectives:
- To design innovative financing products for investments in small-scale Renewable Energy Technologies (RET) and Energy Efficiency Technologies (EET).
- To encourage SMEs and private households to invest in RET and EET and increase their energy performance, contributing in parallel to environmental protection.
The Project's 3rd & final newletter is attached here: FINA-RET NEWSLETTER 3
For more information on FINA-RET you may visit the project’s website at: www.finaret.eu.
Cyprus International Institute of Management (CIIM)
The Cyprus International Institute of Management, known as "CIIM", is a non-profit, post-graduate educational institution, which aims at fostering the development of a new generation of competent executives and business leaders. It was set up on the initiative of the Bank in 1990.
For more information, please visit http://www.ciim.ac.cy
Cyprus Institute
The Cyprus Institute was established by the Cyprus Research and Educational Foundation. It aims at becoming a primary research and educational institution, with a substantial share in the shaping of the future of the countries of the Eastern Mediterranean and the Middle East. This ambitious project is supported by the Government of the Republic of Cyprus, Harvard University, and a number of world-renowned scholars and Nobel prize winners. The Cyprus Research and Educational Foundation was set up by cdbbank in 2003.
For more information please visit http://www.cyprusinstitute.ac.cy
Sponsor of the Cyprus Entrepreneurship Competition
The Cyprus Entrepreneurship Competition was organised for the first time in Cyprus in 2003, and is modelled on the very successful MIT Competition in the USA. The competition is open to all residents of Cyprus as well as all Cypriots and Greeks living abroad. Its prime objective is to tap into the abundance of highly educated individuals, to create and set up tomorrow's successful, high-tech business environment. The competition is organised by the University of Cyprus and is co-sponsored by cdbbank. For more information please visit http://www.cyec.cs.ucy.ac.cy
Partner of the Global Competitiveness Report in Cyprus
In 2003, cdbbank together with the European University Cyprus took the initiative to propose the inclusion of Cyprus in the Global Competitiveness Report which is published annually by the World Economic Forum.
Published by the World Economic Forum, the Global Competitiveness Report is the most authoritative assessment of national economies as it:
- has been published for the last 30 years;
- currently covers 134 countries;
- provides a comprehensive summary of each country’s overall competitiveness position;
- serves as a guideline for business leaders when making investment decisions;
- contains a number of studies by leading thinkers (e.g. Columbia University's Jagdish Bhagwati and Harvard University's Michael Porter) which constitute excellent points of reference.
The World Economic Forum welcomed Cyprus for the first time in 2004 and assigned cdbbank and the European University Cyprus as its partner institutes in Cyprus. The results from the 2008 Global Competitiveness Report concerning Cyprus can be found HERE.
For more information please visit http://www.weforum.org/gcr and http://www.cyec.cs.ucy.ac.cy
Culture
In the area of culture, cdbbank's sponsorships and support have always emphasised the Cypriot cultural dimension. cdbbank is a supporter of musical events, such as concerts by Cypriot musicians and the publication of books on Cyprus.