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end of the current session at the end of May, said House European Affairs Committee Chairman Nicos Cleanthous. He added that the House is expected to reach a conclusion on the issue of the British Bases before the ratification.
Proposals for the final form of the Investment Promotion Agency are to be submitted to the Council of Ministers before summer, as the government tries to speed up processes and provide investors with a single office to provide assistance. It will replace the Foreign Investors Services Centre at the Ministry of Commerce, that has been operational since 2000, that has been a reactive government service, as opposed to a proactive public agency.
Eastern Mediterranean Resources (EMED), a Cyprus-based precious metals exploration and development company, is paving the way for listings on the London Stock Exchange with its GBP 2.5 mln placement on the AIM market.
Suphire CEO Yiannos Andronikou was released after a 20 day remand, facing charges of theft and fraud for the CYP 9.2 mln entrusted by the EAC pension fund, that has since vanished.