Another fundraising deal was recently concluded by the Cyprus Business Angels Network, with several of its members investing in a promising Cypriot start-up. Nicosia-based Course Management Platform, Teach ‘n Go, has closed a seed round of funding through CYBAN, for an amount ranging between €200,000 and €400.000, based on specific milestones, led by Cygen Ltd,
More
Leptos Group within the reorganization and expansion of its business has recently opened a new Sales and Marketing office at EDEN Beach Apartments which is adjacent to the cosmopolitan and "revived" seafront the Akti Olympion, an amazing urban Beach. The office is located near the main entrance of EDEN building, on Christodoulou Hadjipavlou and Eleftherios
More
Daily Report By Jameel Ahmad, Chief Market Analyst at FXTM Following the heavy Greenback profit taking that occurred on Monday ahead of tonight’s FOMC Minutes release, Tuesday was a slightly quieter day in regards to the currency pairs. However, that doesn’t mean there was limited movement in the stock markets where an unexpected downgrade of
More
The President of the Republic Nicos Anastasiades has asked the UN Secretary General's intervention to convince Turkey to refrain from violating Cyprus` sovereign rights in its Exclusive Economic Zone, warning that such actions “would give a heavy blow to the negotiations for the settlement of the Cyprus problem”. In a letter to Ban Ki-Moon, President
More
Minister of Energy Yiorgos Lakkotrypis briefed on Monday, in Milan, the Italian EU Presidency, the Greek Minister of Energy and other EU counterparts on Turkey’s new provocative actions in the Exclusive Economic Zone of the Republic of Cyprus. Lakkotrypis attended the informal meeting of the EU Energy and Environment Council, along with Environment Minister Nicos
More
The number of applications for registration of new companies submitted at the Department of Registrar of Companies and Official Receiver, recorded an increase for the seventh consecutive month in September 2014. According to data of the Department, the number of applications for registration of a new company, reached 919 in September 2014 from 798 in
More
The Ministry of Finance sees further slowdown of the recession in the economy to 3%, in its October forecast, compared to 3,5-4% in August, while the 4th annual review of the country`s adjustment programme includes the assumption that the annual contraction of the economy for 2014 will be 4.2%. “We maintain our view that growth
More
Cyprus' economic recession in 2014 will be smaller than initially estimated by the International Monetary Fund after the conclusion of the 4th review of the country`s economic adjustment programme, according to data included in the IMF’s latest World Economic Outlook (WEO). In its WEO, published on Tuesday, the IMF said that Cyprus` GDP will contract
More
The Council of political party leaders has endorsed a suggestion by the President of Cyprus Nicos Anastasiades to suspend his meetings as well as the meetings of the Greek Cypriot negotiator with the Turkish Cypriot side, Government Spokesman Nikos Christodoulides announced after a Council meeting on Tuesday at the Presidential Palace. Christodoulides noted that “the
More
Inflation in September stood at 0% on the basis of the Harmonized Index of Consumer Prices, the Statistical Service announced on Tuesday, compared to 0.3% increase in the September 2013. It said that in August inflation increased at a rate of 0.8%.
More