Angel Investors Network is being set up in the TRNC with a government grant of TL1.5 million.
The Merit Hotel in Nicosia hosted a press conference yesterday to publicise the event. This is an important development in the economy and the Government is expecting a significant contribution from this initiative, said Minister of Economy and Energy, Sunat Atun. He added that if entrepreneurs came up with ideas, they would no longer be held back by lack of funding and that this was the third stage of the Government’s investments programme for future growth. Major investments in agriculture and tourism have already been made.
Many prominent businessmen attended the event and a local major business owner, Ali Safa, was appointed chairman of the Angel Investors Network.