We are happily based in Cyprus which is currently suffering great economic problems. We are not affected by this local recession, but can see a lot of opportunities that we want to take advantage of.
Following an explosion that destroyed the main power station, Cyprus is now dependent on diesel generators for generating electricity – rather expensively. kwak Ventures wishes to exploit this market gap by investing in solar energy plants. We are currently in negotiations over two projects that will go into production this year.
The Cypriot share index plunge of 98% means there are healthy dividend-paying companies that are actually worth less than their book value. kwak Ventures wants to buy into these companies.