Gold Magazine September - October 2013, Issue 30 | Página 16

up front

CCCI
Business

Forums

in Ukraine,
India & Kuwait

T

he Cyprus Chamber of Commerce
& Industry (CCCI) is holding three
Business Forums in SeptemberOctober, all in conjunction with the
Ministry of Energy, Commerce, Industry
& Tourism, in Ukraine, India and Kuwait. The third
one coincides with an official visit to the country by
President Anastasiades.
Two meetings will take place in Ukraine: on
24 September in Donetsk and on 25 September
in Lugansk. Organised in collaboration with the
Cyprus-Ukraine Business Association, they aim
to promote Cyprus as a business and investment
service centre and to promote closer economic ties
and cooperation between the two countries.
A similar objective is behind the two business
forums in New Delhi and Mumbai on 1 & 3 October
respectively, organised with the Cyprus-India
Business Association.
Finally, President Anastasiades will make an
official visit to Kuwait from 7-9 October and on
the last day (9 October) he will address a Business
Forum organised by the CCCCI, the Ministry of
Energy, Commerce, Industry & Tourism and the
Cyprus-Gulf Cooperation Countries Business
Association.

Microsoft to buy Nokia’s
mobile phone business for

I

€5.4 billion

n a major deal,
Microsoft has agreed
to buy Nokia’s mobile
phone business for
€5.4 billion. The purchase
is set to be completed in
early 2014. While Nokia has
struggled against competition
from Samsung and Apple,
Microsoft has been criticised
for being slow in getting into
the mobile market. It launched
its Surface tablet PCs last year,
but sales of the devices have
been relatively slow. Nokia
was once a leader in mobile
phones, but the firm’s sales of
53.7 million mobile phones
during the quarter were down
27% on last year. Nokia
intends concentrate on three
key businesses: network equip-

ment manufacturing, mapping
and location services, and the
development and licensing of
technology. Earlier this year, it
agreed to buy Siemens’ 50%
stake in their joint venture,
Nokia Siemens Networks
(NSN), which makes telecoms
network equipment, for €1.7
billion.

12 Gold THE INTERNATIONAL INVESTMENT, FINANCE & PROFESSIONAL SERVICES MAGAZINE OF CYPRUS

PREMIER LEAGUE CLUBS
SPEND £630M IN THE
SUMMER TRANSFER WINDOW

D

eloitte’s Sports Business
Group reported at the beginning of this month that clubs
in England’s Barclays Premier
League spent a record £630
million on players during the so-called summer transfer window which closed on 2
September. The previous record of £500m
was set in 2008.
Among the big signings on the last day
was Mesut Ozil who left Real Madrid for
Arsenal f