advisory role

Cypriot firm secures strategic investment for European expansion

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Cypriot firm secures strategic investment for European expansion

Ask Wire, a Cypriot firm, successfully completed an equity extension round to support its expansion into key European markets, particularly Greece and Romania. The majority of the funding was provided by existing investors, with significant participation from Lars Rasmussen, co-founder of Google Maps. Additional investment came from high-net-worth individuals in Greece and Romania, as well as Founders Bridge, a Stockholm-based venture capital fund. Ask Wire’s platform provides property profiles, market analysis, and risk assessments using data from various sources.

‘Step in right direction’ for third country nationals

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‘Step in right direction’ for third country nationals

Fact: Labour Minister Yiannis Panayiotou received an “initially positive response” from stakeholders on the issue of using workers from third countries to fill gaps in the labour market.

Politicians in the spotlight over church committee role

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Politicians in the spotlight over church committee role

The heads of local authorities in Famagusta participate in the Ecclesiastical Committee of the Bishopric of Constantia and Ammochostos, advising the bishop. The recent case of illegal construction of a monastery in Cape Greco has raised concerns about potential conflict of interest, particularly with the Mayor of Ayia Napa, who has not taken action despite calls to do so. The lay members of the committee are listed on the official website.