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Mal-Administration of EU Structural Grants - Womens' Horror Stories Part 3

Eu structural grants corruptionThe following is truly a business horror story, and illustrates the desperate need to push for justice and fairness in the Republic of Cyprus Commerce Ministry, which is responsible for administering EU structural grants. This grantee is actually being sued by the ministry, which is claiming the grant back after creating such a tangled web of paperwork and bureaucratic obstacles that the business had to shut down.

"My horror story began nearly 7 years ago. Starting my own business had been on my mind for quite some time. I had always had a keen interest in all things green and organic and had begun to think about setting up a production facility to manufacture ready-made, organic meals. My plan was to sell the meals to the supermarkets and maybe in the long-run, to export them.

Syriza Split Over EU Bailout Extension - Trouble Ahead

syriza cyprus greece

A faction within ruling radical left-wing party Syriza in Greece has turned against Prime Minister Alexis Tsipras and voted against the four-month extension of the country's multi-hundred-billion-euro loan that was agreed between Finance Minister Yanis Varoufakis and the Eurogroup.

Mal-Administration of EU Structural Grants - Womens' Horror Stories Part 2

Picking up where I left off in Part 1 of my grant horror story (cue screams of despair) at the end of 2012, almost three years after I started the procedure to enter the ministry of commerce's 'enhancement' programme for women entrepreneurs, I finally received a letter confirming my business plan would be accepted in the next round of funding. A big party was held with the other grantees who were pushed to the second round of funding, the women sat on one side of the room and the young entrepreneurs (the second round of funding came under some other type of fund) sat on the other side, and everyone shook the then-minister of commerce Neoklis Sylikiotis' hand.

I regained hope, and took another look at the plan, which was to set up an online marketing comunications consultancy and artistic company promoting jazz events and products, and boost investment in the standalone project so we could start hiring other journalists. It's currently run on a voluntary basis while we build the site's strength and popularity.

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Mary’s turns classroom ‘Welcome chatterboxes’!

mary's dinner clubOn Wednesday we enjoyed a totally new event - a cocktail party for my adult English students from our ‘Chatterbox’ conversation class at Interlead Foreign Language Centre. The idea was to help students of English feel comfortable in a social setting using the language by inviting them to a cocktail party that welcomed the same number of native/fluent English speakers. And comfortable they were - and also very brave!

Mal-administration of EU Business Grants - Womens' Horror Stories - Part I

I'm kicking off this series of articles on the government's EU grant schemes for the 'enhancement' of women entrepreneurs with a disclaimer. This is my own horror story and I can prove every point with documents, far too many documents in my opinion.

I'm going public to warn other entrepreneurs about the pitfalls and to campaign for change and improvement in the way the ministry of commerce interacts with private businesses.

It starts six years ago in 2009, when I was down on my luck and temporarily unemployed in my professions as a marketing communications expert and journalist.

Greece Floats Property Tax Changes Amid Anti-Govt Protests

tsiprasGreece's treasury department has reportedly floated the idea of tax-free property up to 500,000 euros in a plan that includes eliminating taxes on the primary family home, reports Newzit, amid overnight anti-government protests in Athens. 

Greece's Finance Minister Yanis Varoufakis has just agreed to extend the bailout for four months, after his list of economic reforms was accepted by the Eurogroup, which has a tight hold on Greece's purse strings via the European Central Banks' emergency lending facility.

Currency Markets Update - Analyst

Written by Jameel Ahmad, Chief Market Analyst at FXTM.

The USD struggled to find direction early on Thursday but pushed significantly higher against its trading partners later in trading. Durable goods in January climbed much higher than expected, which provided comfort to traders that the US economy is continuing to make progress.

Another contributor behind the prevailing support for the USD is that Federal Reserve Chairwoman Janet Yellen told the USD bulls what they needed to hear during her testimony to Congress, with this being confirmation that the FOMC will still be raising US interest rates this year. It might not occur as soon as the USD bulls would prefer, but knowing it is going to happen at some point is keeping the USD supported.

Excerpts from President Anastasiades, President Putin, Moscow Press Conference

putin cyprusGovernment statement below:
"The President of the Republic, Mr Nicos Anastasiades, and the President of the Russian Federation, Mr Vladimir Putin, gave today a joint Press Conference, in Moscow.
In his opening statement President Putin, speaking through an interpreter, said that “our negotiations with the President of the Republic of Cyprus took place in a constructive and positive atmosphere.
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