We are glad to inform you that the President of the Republic of Cyprus Mr. Nicos Anastasiades, has appointed on the 21st December 2016, the Managing Director of our Firm Mr. Andreas Frangos as Chairman of the Board of the semi-public organization "Cyprus Land Development Corporation"http://www.cldc.org.cy/koag/index.html  . The Council of Ministers approved his appointment at its meeting dated 21st December 2016.