Facebook Linked In Twitter

Lakkotrypis: Moratorium In The EEZ Would Signal The End Of All Cyprus Energy Prospects

Charalampos Petrides: Viable Cyprus Solution Remains President’s Non-Negotiable Position



brought to you by Deloitte

UNIC to Launch the Makridakis Open Forecasting Center

UNIC to Launch the Makridakis Open Forecasting Center

The University of Nicosia (UNIC) is launching the Makridakis Open Forecasting Center (MOFC), as an integral part of the University’s Institute for the Future (IFF) and in service of the Institute’s primary mission to explore how technological progress is causing rapidly accelerating societal change. The launch will take place at the University of Nicosia (UNESCO Amphitheatre) on Tuesday, 21 January, at 17:00.

The newly-formed Center will build on the University’s global initiatives in the prevalent field of Forecasting, under the direction of Professor Spyros Makridakis – for many, the ‘father’ of Forecasting. More specifically, MOFC conducts cutting-edge research on forecasting, helping organizations make accurate predictions, estimate levels of uncertainty, and manage risk through training, research, technology development and consulting. Ultimately, MOFC aims to expand the utilization and value of forecasting among business firms.

Following a welcome address by UNIC CEO, Antonis Polemitis, those present at the launch will benefit from a masterclass on the facets of Forecasting. Professor Makridakis, who also serves as the Director of Research at IFF | UNIC, will deliver a talk on “The Importance of Forecasting Accuracy and Uncertainty to Business”. In his view, forecasts are essential for practically all business decisions and the newly-created MOFC will work towards improving the accuracy of forecasting and the correct estimation of uncertainty, while offering specific suggestions on how to rationally deal with the ensuing risks.   

Professor Nassim Nicholas Taleb is a world-renowned scholar, mathematical researcher and philosophical essayist, who is also actively involved in risk-based policy-making, having at one time advised the International Monetary Fund (IMF) and UK Prime Minister David Cameron. His pioneering work on uncertainty has been supremely influential, with his multivolume essay, the Incerto (The Black Swan, Fooled by Randomness, Antifragile, and Skin in the Game), having been published in 41 languages. Currently a Distinguished Professor of Risk Engineering at New York University’s Tandon School of Engineering, Professor Taleb will also serve as an IFF Visiting Scholar. His work focuses on mathematical, philosophical, and practical problems with risk and probability, as well as on the properties of systems that can handle disorder. He will be expanding upon “Risk, Decisions and Business” in his talk.

The launch event will conclude with a Q&A session with both Professors Taleb and Makridakis, and will be followed up by a Cocktail Reception. 

Please note that seating is limited. As such, pre-registration is advised via the following link:

mofc.unic.ac.cy. For more information, please contact mcompetitions@unic.ac.cy or +35722367203 or +35799620085.


Cyprus Innovation Awards Competition 2020

The submission of applications for the Cyprus Innovation Awards Competition 2020 has just ...

Cedar Rose Wins Credit Excellence Award For A Third Time

Cedar Rose, based in Cyprus, Lebanon and the United Arab Emirates, has been crowned the ...

ETYFA Secures Additional €80 Million Funding By EBRD

European Bank for Reconstruction and Development (EBRD) gave the green light for 80 ...



Lakkotrypis: Moratorium In The EEZ Would Signal The End Of All Cyprus Energy Prospects

A moratorium in hydrocarbon activities in the exclusive economic zone (EEZ) of the Republic of Cyprus, due to Cyprus settlement efforts or ongoing Turkish ...

Moody’s: Cyprus' High Loan Payment Deferrals Reflects Strain On Economy

In their bi-weekly outlook report, Moody’s analysis on the payment deferrals for borrowers will reduce the probability of acute asset quality stress for ...

New Espresso Blends At Alphamega Hypermarkets’ Cafeterias

Alphamega Hypermarkets are investing in the coffee culture that has grown significantly in Cyprus over these past few years, making sure to offer high-quality ...

EIB And CureVac Sign €75 million Loan Agreement For Covid-19 Vaccine Candidate Development

According to a press release from the EU, the European Investment Bank (EIB) and CureVac, a clinical-stage biopharmaceutical company developing a new class of ...

Charalampos Petrides: Α Viable Cyprus Solution Remains President’s Utmost Non-Negotiable Position

According to CNA’s report, a viable solution to the Cyprus problem remains Cyprus President, Nicos Anastasiades’ utmost non-negotiable position, ...

Polis Chrysochous: The Most Popular Area For Holidays And Seaside Properties

The beautiful and picturesque seaside town of Polis Chrysochous, situated on the edge of the Akamas peninsula, is the new favourite destination in Cyprus, ...

PwC Cyprus Wins Important EU Study

A joint team from PwC Cyprus and PwC Luxembourg has won an important study commissioned by the Directorate–General for Communications Networks, Content ...

CySEC Fines CommerzBank AG €650,000 For Market Abuse

The Board of the Cyprus Securities and Exchange Commission (CySEC) stated in a recent announcement that their investigation of the Cyprus Popular Bank ...