up front
24th AGM of the Cyprus Shipping Council
More EU
expansion
by Banc
De Binary
B
President Nicos Anastasiades
CSC President Capt.
Eugen Adami.
Nicos Nicolaides, MP
T
he 24th Annual General
Meeting of the Cyprus
Shipping Chamber
(CSC) attended by
government officials,
MPs, diplomats and
representatives of
political parties and
various professional
organisations was
held in Limassol on
Friday, 26 April 2013.
The meeting was addressed by President
Anastasiades, by Nicos
Nicolaides, on behalf
of Yiannakis Omirou,
Speaker of the House
of Representatives, and
CSC President Capt.
Eugen Adami.
In his address, the
President of the Republic praised and
congratulated the CSC
for its continuous
contribution to and
active involvement in
the further development of Cyprus shipping, describing the
shipping sector as the
“backbone” of the Cyprus economy, upon
which it will depend
on the road to recovery. He also recalled his
pre-election promise
to create the post of
Under-Secretary for
Shipping which, he
said, will provide the
necessary impetus to
be in a position to
contribute practically
to the recovery of the
economy through the
faster and more accurate development of
government policy on
shipping.
On behalf of the
Speaker of the House
of Representatives,
Nicos Nicolaides said
that MPs are ready to
support measures that
aim to maintain and
further strengthen Cyprus shipping, such as
the Bill for the creation
of the post of UnderSecretary for shipping
and the promotion
of the Tonnage Tax
system abroad. CSC
President Capt. Eugen
Adami emphasised
that, irrespective of the
effects of the recent
banking problem on
a number of shipping
companies, the ship-
10 Gold the international investment, finance & professional services magazine of cyprus
ping Industry remains
faithful to Cyprus and
its Registry and continues to support the
Cyprus economy. He
also stated that only
through the restoration
of its economy, image
and credibility will Cyprus be able to restore
its position as a reliable
investment centre. He
therefore appealed to
all the political parties to join forces with
the government and
support efforts in this
direction, including the
immediate approval of
the Financial Assistance
Package by the House
of Representatives.
Elections were also held
for a new Board of Directors of the Chamber
for the period 20132015.
anc De Binary, one of the
world’s fastest-growing
online binary options
trading brokerages with
over 200,000 client accounts and
trading activity in over 80 countries,
is in the process of opening bank
accounts in the UK, Germany and
eight other EU countries. As the
first EU-regulated standalone binary
options company, Banc De Binary
is growing rapidly on a global basis,
despite the current economic crisis
in the EU. “The EU may be suffering
a downturn now, the crisis has
impacted Cyprus, Slovenia, Italy,
France, Spain, the UK. But if I’ve
learned anything from business, it is
that a downturn is always followed
by an upturn, and we are ready
for this when it happens,“ said
company CEO Oren Laurent. Banc
De Binary plans to increase the
numbers of its employees “when
the time is right” and is aware of the
opportunity offered by new banking and compliance talent on the
market, following the financial crisis
in Cyprus’ banking system. “We are
always on the lookout for talented
professionals in the financial services sector, who are interested in entering the Binary Options industry,
which we expect to see challenging
the Forex industry within the next
three to four years,” said Laurent.
“While we sincerely hope that the
banking sector in Cyprus and the
rest of the EU recovers quickly, we
believe that Binary Options offers
an incredible alternative opportunity
for proactive, experienced financial
services professionals,” he said.
Banc de Binary was established
in 2009 in the United States and it
is the first EU-licensed binary options brokerage in the world. It was
the first company in this booming
industry to meet the strict regulatory
requirements of the Cyprus Securities and Exchange Commission
(CySEC), which follows Markets in
Financia