Announcement of Winners of the Ancoria Scholarship Competition

January 2020
Ancoria Insurance
Ancoria Scholarship Competition
Announcement of Winners of the Ancoria Scholarship Competition

The Ancoria Scholarship Competition, a competition which gives members of the Ancoria Pension Plan the opportunity to win professional development scholarships, was successfully launched in October. The first Competition closed on the 27th of December and we are delighted by the overwhelming response it received, with the level of participation far exceeding our expectations. The draw was performed on the 13th of January and we are pleased to announce that the winners of the "Ancoria Scholarship Competition December 2019” are:

Serghei Istrati
Haralambos Nicolaou
Efraim Zinonos
Nelli Nikolaou
Kypros Kyriakou

The five lucky winners, who have already been notified personally, will receive a scholarship each, of up to €1,000, that they can use to cover the cost of any professional development training or course they wish to undertake for their own benefit.

The next Competition will begin in April, bringing you another opportunity to become one of the lucky recipients of our scholarship prizes!

Negative Interest Rates coming to Cyprus in 2020
Negative Interest Rates coming to Cyprus in 2020
The ECB cut the interest rates further in 2019 to -0.5%, meaning that it charges for deposits placed with it. Large European commercial banks have been passing the cost of negative interest rates to clients over the past few years. Main Cypriot Banks are following suit and announced the introduction of charges on deposits early in 2020. This is expected to negatively affect further the performance of the Ancoria Cash Pension Funds this year.
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Telephone +357 22 551300 Email info@ancoria.com
Address 36 Laodikias Street, Strovolos, 2028 Nicosia, Cyprus
www.ancoria.com/en
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