Articles in English

Понедельник 20 марта 2023

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CySec’s new policy on the implementation of the EU crowdfunding Regulation

On 16 March 2023, the Cyprus Securities and Exchange Commission (“CySEC”) has published Policy Statement PS-01-2023 on the application of Regulation (EU) 2020/1503 on European Crowdfunding Service Providers for business (“PS-01-2023”) and Directive DI73-2009-02 for Crowdfunding Service Providers (“Directive DI73-2009-02”) to inform prospective Crowdfunding Service Providers (“CSPs”), which intend to provide their services from Cyprus, and existing CSPs previously authorised under national rules, of the next steps towards the full implementation of Regulation (EU) 2020/1503 on European Crowdfunding Service Providers…

Strengthening the overall security of the organization

Nearly half of Cyprus businesses have experienced some kind of cyberattack in the past 12 months, according to two surveys conducted between October and November 2022, administered by the Digital Security Authority (DSA) of Cyprus. The surveys showed that 40% of individuals and 46% of businesses were attacked or suffered a security breach in the last 12 months, with an average of 3-4 attacks per month. In total, 1025 individuals and 450 businesses were polled. POPULAR UNIVERSITY IN CYPRUS…

AGP Law & Lamb Chambers Join Forces

AGP Law (Cyprus) and Lamb Chambers (London, UK) are pleased to announce their official collaboration as of January 24th, 2023. The Association is formed to accommodate the ever-growing litigation needs of AGP Law’s client base, in Cyprus, England & Wales, Bermuda, Dubai (DIFC) and shortly within the British Virgin Islands. The two firms’ association demonstrates their ambition to invest in and to better serve growing client needs across the globe. On the Lamb Chambers side, the Association is headed by…

Cyprus gaming industry: crisis or new opportunities

The video game industry, which had only recently attracted a narrow circle of enthusiasts, had become a powerful sector of the modern economy and had become one of the drivers of digital development. Every year, the gaming industry sets new records in terms of revenue and number of attracted adherents. The gaming industry of Cyprus does not stand aside - the country is an active participant in the global digital trend. GLOBAL VIDEO GAME MARKET The digital gaming industry (including…

Jamie Oliver Kitchen opens at the Limassol Marina

The world-renowned chef Jamie Oliver travelled to Cyprus to celebrate together with PHC Franchised Restaurants the opening of his new restaurant, Jamie Oliver Kitchen. The opening event took place on the 2nd of February in Limassol. The team of PHC Franchised Restaurants Group, which are the official representatives of Jamie Oliver’s restaurants in Cyprus, namely Jamie’s Italian, Jamie Oliver Kitchen and Jamie Οliver’s Diner (ghost kitchen), welcomed the chef himself in an exclusive private event, together with a few special…

The FTX collapse, stupid capital and absent regulators

The FTX collapse and scandal continue to unfold in the media. As a tech investor and advisor, I can’t help being more than a little furious with the investors who backed it so consistently over years with $ 1.8 billion in total capital raised. Many of these are regulated entities; others invest public money or pension fund assets. Their apparent failure to insist on real transparency and better governance is almost certainly an enabling factor in how FTX was managed.…

How will Cyprus compete for investment in a disrupted world?

EY Cyprus Attractiveness Survey 2022 shows that Cyprus needs more investment in infrastructure projects, skilling and re-skilling of the local workforce and introducing new regulations to keep pace of developments. Technology, sustainability and talent remain high on the investors’ agenda. Planned investments in Cyprus (29%) for the next year, although higher than in our previous survey of 2020, still remain well below the European average (53%). In contrast, attractiveness projections for the next three years remain optimistic and closer to…