Navigator Consulting Group

Gender Equality Plan | Navigator Consulting We believe that any consultancy operating in society must be representative in terms of the consultants that manage and operate it. Without an adequate balance of life experience, it is difficult or impossible for a consultancy to offer qualified advice today. This applies to “agnostic” fields s...

Greece’s shipping fleet ranks first in the world in terms of deadweight tonnes (dwt) and third by vessel value, according to recent announcements by UNCTAD and Vessels Value.

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We are looking forward to attending the Cyprus Diaspora Forum this week. Philip Ammerman will be moderating:

Fireside Chat with Peter Abraam: Thursday 9 March at 19:30 - 21:00
The Financial Landscape Panel: Friday, 8 March at 14:05 - 15:05
The Future of Business Panel: Saturday, 10 March at 10:05 - 12:15

We look forward to an amazing event and to learning from Cypriots and other experts from all over the world.

Cyprus Diaspora Forum Paul Lambis II Philip Ammerman Aina Judyte

Please view the detailed programme here:
https://www.cyprusdiasporaforum.com/

www.cyprusdiasporaforum.com

On February 1st, 2024, Swedish electric motorcycle producer Cake shocked the world by announcing that it was entering bankruptcy. Since its launch, Cake has been seen as a European clean mobility champion with a superior design and functionality that was intended to woo thousands of drivers to the electric motorcycle future. This positioning helped Cake raise over $ 74 million in funding and launch six different motorcycle models.

The reality was apparently far different. According to TechEU, Cake sold only 6,000 motorcycles during the course of its life--a claim I cannot confirm.

While I do not have any inside information on why exactly Cake failed, I would like to use this opportunity to review the Cake strategy first of all as a startup, but also as an electric motorcycle startup, to try to understand what might have gone wrong. Along the way, I also contrast why it is so challenging to bring a new generation of all-electric motorcycles to the market, complementing or replacing the internal combustion engine.

All information presented here has been taken from public sources of information.

Cake Motorcycles Enters Liquidation Philip Ammerman 19 February 2024 On February 1st, 2024, Swedish electric motorcycle Cake shocked the world by announcing that it was entering bankruptcy proceedings. Since its launch, Cake has been seen as a European clean mobility champion with a superior design and functionality that was intended....

Navigator Consulting will be participating in the Cyprus Diaspora Forum in Limassol, Cyprus on 6-9 March 2024.

The Cyprus Diaspora Forum, established by Paul Lambis, is a four-day event designed to unite Cypriot diaspora communities, influential individuals from public and private sectors, media and academia.

The primary objective is to acknowledge and boost the significance of Cyprus diaspora, fostering stronger relations through avenues such as entrepreneurship, innovation, philanthropy, and cultural and social engagement.
Philip Ammerman Pambos Solomonides Cleopatra Solomonidou Aina Judyte

Meet us at the Cyprus Diaspora Forum in Limassol on 6-9 March 2024. Navigator Consulting will be participating in the Cyprus Diaspora Forum in Limassol, Cyprus on 6-9 March 2024. The Cyprus Diaspora Forum, established by Paul Lambis, is a four-day event designed to unite Cypriot diaspora communities, influential individuals from public and private sectors, media and...

Eurobank Greece is one of the four systemic banks in Greece, and also has a subsidiary in Cyprus. Over the last 2 years, Eurobank has been increasing its shareholding in the Hellenic Bank of Cyprus, the second-largest Cypriot bank by assets. With recent acquisitions, Eurobank will be required to submit a tender offer for a majority of Hellenic's shares.

Eurobank aims for majority share in Hellenic Bank Cyprus Eurobank Greece is one of the four systemic banks in Greece, and also has a subsidiary in Cyprus. Over the last 2 years, Eurobank has been increasing its shareholding in the Hellenic Bank of Cyprus, the second-largest Cypriot bank by assets. With recent acquisitions, Eurobank will be required to sub...

In 2023, Greece achieved a remarkable 57% of all energy consumption from renewable sources. In addition to committing to phasing out lignite, the country is well on its way to meeting the 2050 Net Zero energy goals.

Greece hits record milestone in green energy output in 2023 Greece achieved its highest-ever level of renewable energy production in 2023. Energy produced from wind, solar and hydroelectric sources accounted for 57% of Greece’s 2023 energy consumption, based on preliminary figures. Greece’s energy consumption has been relatively stable between 2014 and 2...

The Greek government started trading an additional 30% of the shares of Athens International Airport on the Hellenic Stock Exchange today. At one point they were about 15% higher. Another really strong sign of the gradual deregulation of the Greek economy that would have been difficult to imagine a few years ago.

Greek Government to sell 30% share in Athens International Airport The Greek Government approved an initial public offering (IPO) to sell a 30% share in the operating company of Athens International Airport. Trading on the Athens Stock Exchange will begin on 7 February 2024. The IPO bulletin was approved on 31 January by the Capital Market Commission. The price per...

The Dakar Rally is one of the most extreme automotive and motorcycle racing environments in the world. The 2024 Dakar took place in Saudi Arabia from 5-19 January 2024 and featured a total route of 7,513 kilometers.

Jan Brabec is GR1T Motorcycle’s brand ambassador and test pilot. He is also a full-time motorcycle racer who completed his 7th Dakar Rally with Stojrent Racing on a KTM Motorcycle while battling illness along with the normal fatigue and mechanical challenges.

Jan Brabec completes his 7th Dakar Rally The Dakar Rally is one of the most extreme automotive and motorcycle racing environments in the world. The 2024 Dakar took place in Saudi Arabia from 5-19 January 2024 and featured a total route of 7,513 kilometers. Jan Brabec is GR1T Motorcycle’s brand ambassador and test pilot. He is also a full...

The EmpoWomen is a two-year project (2024-2025) funded by the European Union through the Horizon Europe Research and Innovation program. The EmpoWomen program focuses on accelerating women-led businesses growth in the European deep-tech sector, where women are just below 15% at founding or co-founding startups.

EmpoWomen Programme open for grants to women-led DeepTech Startups EmpoWomen is a two-year project (2024-2025) funded by the European Union through the Horizon Europe Research and Innovation program. The goal of EmpoWomen is to promote innovation in the startup ecosystem, gender equality and diversity in entrepreneurship, contributing to economic growth in Europe,....

The Electricity Authority of Cyprus (EAC) has opened a second photovoltaic park in Akrotiri with an operating capacity of 12 MW. This adds to EAC’s first 3 MW photovoltaic park operating in Tseri. The Akrotiri Park took over 10 years to license and bring to market.
https://www.navinvestcyprus.com/post/cyprus-electricity-authority-opens-12-mw-photovoltaic-park?
fbclid=IwAR3MBpsqBoyMDfn3c8w8s6qUspjscTX-1YEFgc-6tJKoJuIrlUaW8z6bf-I

Cyprus Electricity Authority opens 12 MW photovoltaic park Photo: EAC PV Park at Tseri, Cyprus (c) EAC The Electricity Authority of Cyprus (EAC) has opened a second photovoltaic park in Akrotiri with an operating capacity of 12 MW. This adds to EAC’s first 3 MW photovoltaic park operating in Tseri. The Akrotiri Park took over 10 years to license and bring...

The Bank of Cyprus IDEA Innovation Centre has launched its ninth call for startups. Participation in the Innovation Centre provides a cash grant of € 20,000 and extensive mentoring and support for entrepreneurs seeking to turn their business idea into reality. The Application Deadline is 16 February 2024.

IDEA Innovation Centre opens Ninth Call for Startups The IDEA Innovation Centre, an initiative of Bank of Cyprus (BoC), is calling for start-up entrepreneurs to submit their applications to its nine-month Startup Programme. The deadline is 16 February 2024. IDEA aims to help talented entrepreneurs transform their business ideas to successful start-up....

Cyprus Airports has announced a record 11.6 million arrivals in 2023. Together with estimated tourist arrivals of 3.9 million, this indicates that Cyprus has nearly achieved the 2019 tourism arrival levels. 2019 was the last record year of tourism performance, followed by 2 years of a sharp COVID slump and then the geopolitical events of 2022 and 2023.

Cyprus Airports reach new record of 11.6 mln arrivals in 2023 Larnaka Airport (c) Hermes Airports The Republic of Cyprus is served by two international airports, both operated by Hermes Airports: Larnaka and Paphos. In 2023, the two airports saw a combined record number of arrivals of 11.6 million passengers. This is a 3% increase over the 2019 arrivals, which...

We wish everyone a Merry Christmas and a happy festive season.

We were pleased to complete our last major training event of 2023: Digital Transformation using Project Management Techniques. This occurred on 5-6 December and was organised by the Cyprus Chamber of Commerce and Industry. It was an honour to work with 16 executives from 11 leading Cypriot and international companies based here. We are now starting the in-company consultations, that will extend through to February 2024. Aina Judyte Philip Ammerman Christos Tanteles

Navigator completes Digital Transformation training in Nicosia, Cyprus Navigator Consulting completed a two-day training programme on Digital Transformation at the Nicosia Chamber of Commerce & Industry. Digital transformation refers to converting work processes, activities and business models to meet digital economy requirements until the company is a fully networked....

The 2023 Cyprus Entrepreneurship Competition (CyEC) saw the final pitching session for the 9 startups participating in the Accelerator Program on 28 November, with the winners announced at the 8th Innovation & Entrepreneurship Forum on 29 November.

This year saw a notable improvement in startup quality, engagement and commitment, with over 30 initial applications and 9 finalists in the pitching competition. This reflects the growing strength and momentum of the Cyprus tech ecosystem and the rebalancing of the economy away from more traditional sectors into more innovative ones.

The winners are:

IQ3Solar : A startup providing sensoring and productivity enhancements for photovoltaic panel installations.

Fire Alchemy: A startup producing functional food and nutraceuticals.

Congratulations to the other finalists: Nikolaos Felessakis , GROOVIT, Giorgos Constantinou, Manoli, E-mbracelet, Multians, Design Inspiration, The Aeons Project, Poss Kondeatis, Playtask Games.

Congratulations as well to the startups that pitched under the Launchpad Program: Medily, Bitloops, Intellar, Hello Radius, Answeropia Atokes. 2050 Materials and Efevre Tech LTD

A special thanks goes to the Ministry of Energy,commerce, Industry & Tourism as well as the Centre for Entrepreneurship - C4E, University of Cyprus, Πανεπιστήμιο Κύπρου | University Of Cyprus, who organized the event, as well as PricewaterhouseCoopers LLP and all the additional co-organizers, sponsors and supporters, including Panos Markopoulos Constantinos Savvides, Maria Lavithi, Elena Georgiou Strouthos, Panayiotis Korinos, Yiannos Ioannou,
Dr. Celia Hadjichristodoulou. A very special thanks to all the mentors and workshop leaders: Daniel Howard, George Tziazas, Alexandros Tziranis, Andrea Solomonides, Daina Nicolaou, Andreas Koupparis, Michael Tyrimos, Maggy D., Christina Shailas, Constantinos Loizou, Evagoras Xydas, Valia Papadimitriou, Angela Panayiotou, and Victoria Kostic-Nola.

Navigator was pleased to support the Cyprus Entrepreneurship Competition as a sponsor; Philip Ammerman also acted as a judge for Cyprus Entrepreneurship Competition 2023. Pambos Solomonides Aina Judyte

CyEC 2023 awards 2 Cypriot startups The Cyprus Entrepreneurship Competition (CyEC) saw the final pitching session for the 9 startups participating in the Accelerator Programme on 28 November, with the winners announced at the 8th Innovation & Entrepreneurship Forum on 29 November. Navigator Consulting is pleased to support the CyEC as...

Glad to see our Pioneer Street featured on Electric Motor Feed! https://electricmotorfeed.com/buy/pioneer-street/ GR1T Motorcycles

Pioneer STREET | Electric Motor Feed For Trailblazers & Thrill Seekers Unleash the pure power and agility of the Pioneer PRO – the epitome of off-road electric riding. Tailored for racing aficionados and seasoned riders, this

We are honoured to support the Cyprus Diaspora Forum in 2024!

2024 Training & Events | Navigator Consulting View all planned conferences and events in 2024, both from Navigator Consulting as well as events we will be participating in organised by third parties.

We look forward to learning the results of the Cyprus Entrepreneurship Competition 2023 at the tomorrow. Join us for a day of reflection, learning and networking. https://www.c4e.org.cy/ief2023/ Centre for Entrepreneurship - C4E, University of Cyprus Centre for Innovation & Entrepreneurship IDEA Innovation Center GrantXpert Consulting

IEF2023 - Home 8th Innovation and Entrepreneurship Forum

Happy to see reporting in Motorrad & Reisen on GR1T Motorcycles launch at EICMA 2023 in Milan last week. A star is born! Article is in German and free to read.

www.motorradundreisen.de

Economist Impact Economist Impact events Glad to be attending the 19th Annual Cyprus Summit at Hilton in Nicosia. Overlooking Geopolitics, Innovation and Growth. Leaders of today paving the road for Cypriot and region's economic growth and financial stability. Let's connect at the event. Philip Ammerman Aina Judyte

We congratulation GR1T Motorcycles on the launch of their all-electric motorcycles at the EICMA Motorcycle Show in Milan! Sustainability and mobility are key to our future.

Looking forward to see you all at our Booth T48 in Hall 22 next days!

We learned with great interest today that Innovate Cambridge is planning to double the number of unicorns based in Cambridge, alongside a range of other sustainability and growth initiatives. We wish them every success and look forward to hearing about more success.

Innovate Cambridge - Innovate Cambridge On behalf of Cambridge Enterprise, Cambridge Innovation Capital and the University of Cambridge, we are pleased to welcome you to the Innovate Cambridge website.

Eurobank Group has lifted its shareholding in Hellenic Bank of Cyprus to 48%. A public offer will need to be made for the remaining shares. The consolidation of the Cypriot banking sector looks set to continue.

Greece’s Eurobank increases holdings in Hellenic Bank of Cyprus to 48% Athens-headquartered Eurobank, which currently holds 29.2% of Hellenic Bank of Cyprus, recently announced that its shareholding in the Cypriot lender increased after the successful acquisition of an 18.9% stake. Of this, 17.3% belonged to Poppy S.à r.l. (PIMCO) and 1.6% to Senvest Management LLC. F...

After experiencing a strong rebound in 2021, the Greek economy continued on a solid footing in 2002 with real GDP expanding by 5.9%, outpacing the EU and the euro area averages. In 2021, the economy grew by 8.4%, supported by strong investment and export growth as well as pent-up private consumption. The economy remained strong in 2022 posting 5.9% real GDP growth driven by ongoing improvements in the labour market, and government support measures.

Dun & Bradstreet upgrades Greece's credit rating Dun & Bradstreet (DBRS Morningstar) upgraded the Hellenic Republic’s Long-Term Foreign and Local Currency – Issuer Ratings from BB (high) to BBB (low). DBRS also upgraded Greece's Short-Term Foreign and Local Currency – Issuer Ratings from R-3 to R-2 (middle) with an assessment of Stable on al...

The Fattal Hotel Group recently purchased the Grand Resort Limassol, a 5*, 255-room seafront hotel. This brings the total hotels purchased by Fattal Group in Cyprus to 9 properties. Today, the Fattal Group owns over 270 hotels in 117 destinations, including the Leonardo, Herods, Uhotels, Hotel Rothschild22 and NUX Chains.

The Fattal Hotel Group purchases the Grand Resort Hotel in Limassol The Fattal Hotel Group of Israel owns over 270 hotels in 117 destinations, including the Leonardo, Herods, Uhotels, Hotel Rothschild22 and NUX Chains. The Fattal recently purchased the Grand Resort Limassol, a 5*, 255-room seafront hotel. This brings the total hotels purchased by Fattal Group in Cyp...

The UNDP Youth Innovation has announced a competition for innovative solutions to environmental and social problems in Cyprus. The competition is open to young people ages 18-35 years old. The competition winner will receive € 25,000 as well as a 3-month training and mentoring programme. Deadline for applications: 24 September 2023.
United Nations Development Programme - UNDP

UNDP Youth Innovation Factory launches Competition for Environmental and Social Solutions in Cyprus The UNDP Youth Innovation has announced a competition for innovative solutions to environmental and social problems in Cyprus. The competition is open to young people ages 18-35 years old. The competition winner will receive € 25,000 as well as a 3-month training and mentoring programme. Deadline ...