Awards
Cyprus-U.S. Chamber of Commerce
In recognition of the achievements in commerce and the outstanding contribution to trade relations with the United States of America and the Republic of Cyprus.
The Cyprus-U.S. Distinguished Merit Award
THE TORCH
Held by the Statue of Liberty, symbolizes both the light of prosperity which emanates from the United States of America and the achievements of its system of free enterprise.
THE BOW
The bow is found on the ship of Kyrenia and symbolizes Cyprus’ 3,000 year history of global trade, the ability of the Cypriot people to overcome adversity and their ultimate triumph.
The Seventh Annual Awards Dinner 2010
May 7th, 2010
The Cyprus-U.S. Chamber of Commerce, Inc. presented The Distinguished Merit Award to Mr. Evripides Kontos, President and Founder of Kontos Foods, Inc.
The Sixth Annual Awards Dinner 2009
May 8th, 2009
The Cyprus-U.S. Chamber of Commerce, Inc. presented The Distinguished Merit Award to Mr. Chris Lazarides, Former Banker and Founding Member of the Cyprus U.S. Chamber of Commerce.
The Fifth Annual Awards Dinner 2008
May 30th, 2008
The Cyprus-U.S. Chamber of Commerce, Inc. presented The Distinguished Merit Award to Mr. Peter J. Pappas, Sr, Chairman of the Board of P.J. Companies.
The Fourth Annual Awards Dinner 2007
April 27th, 2007
The Cyprus-U.S. Chamber of Commerce, Inc. presented The Distinguished Merit Award to Mr. John Catsimatidis, President & CEO of the Red Apple Group
The Third Annual Awards Dinner 2006
May 5th, 2006
The Cyprus-U.S. Chamber of Commerce, Inc. presented The Distinguished Merit Award to Mr. Constantine Iordanou, President & CEO of Arch Capital Services Group.
The Second Annual Awards Dinner 2005
March 11th, 2005
The Cyprus-U.S. Chamber of Commerce, Inc. presented The Distinguished Merit Award to Mr . George Paraskevaides, O.B.E..
The First Annual Awards Dinner 2003
November 13th, 2003
The Cyprus-U.S. Chamber of Commerce, Inc. presented The Distinguished Merit Award to Mr. Stelios Haji-Ioannou, Chairman & CEO of EasyGroup.
The artistic rendering was designed and created by Yiannos Ioannou of Nikos Ioannou Jewelers in Nicosia, Cyprus.“The Cyprus-U.S. Chamber of Commerce, Inc. presents…”
The Eighth Annual Awards Dinner May 6th, 2011

The Prize was awarded “for the analysis of markets with search frictions”, a way of thinking about markets that recognizes that they often do not work as smoothly as economists’ model of perfect competition would suggest. This approach has been most commonly applied to the labour market where it has improved the understanding of unemployment of both academics and policy-makers. This is always an important topic but, with many countries now in the deepest recession for a generation, it is particularly relevant now.
Professor Pissarides is professor of economics at LSE and holder of the Norman Sosnow Chair in Economics. He is also a fellow of the Centre for Economic Performance at LSE and of the Centre for Economic Policy Research. He was awarded his PhD at LSE in 1973 and has been on the faculty since – for 38 years. Dr. Pissarides was born in, Nicosia, Cyprus.
He said: ‘Our research looks at what happens to someone who loses his or her job because of changes in economic environment. We have created a model which allows us to analyse the processes and decisions,such as policy, which affect how long it is before someone finds productive employment again. Until we began the work there was no way of thinking about these issues.
‘One of the key things we found is that it is important to make sure that people do not stay unemployed too long so they don’t lose their feel for the labour force. The ways of dealing with this need not be expensive training – it could be as simple as providing work experience.