ISSUE 06 september 2011 PRICE €6.95 powered by:
the international investment, business & finance magazine of cyprus
THE
TOP
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law firms IN CYPRUS
+ Exclusive Interview ALEXANDER DOWNER ON ‘THE PRICE OF FAILURE’ energy
Natural Gas A blessing or a curse?
INVESTMENT
Where is Facebook’s Secret Sauce?
Interviews
Philip Hourquebie Barclays Wealth
Plus:
MONEY / BUSINESS ECONOMY TAX & LEGAL LIFESTYLE / opinion
14 EDITORIAL 16 EYE WITNESS 18 NEWS BRIEFING 22 COMMODITIES/FOREX WATCH
issue 06 september 2011
COVER STORY The Top 50 Law Firms in Cyprus
32 52
+ opinion INTERESTING TIMES by Matthew Kidd
24
The Debate: “Can Cyprus avoid an EU bail-out of the economy?” by Alexander Apostolides (Yes) and Fiona Mullen (No) 26 Malice in Wonderland by Eleni Vickers
60
connecting worlds by George Mavrocostas
66
the last word by Peter Economides
98
FEATURES 28 | The price of failure Interview with Alexander Downer
52 | natural gas: a blessing or a curse? Cyprus needs to invest wisely
56 | 2020 energy targets could be missed The European Commission is concerned
62 |where is facebook’s secret sauce? The simple recipe for sustained corporate success
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{money} {business} {economy} {tax&legal} {lifestyle}
the international investment, business & finance magazine of cyprus
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+ BOOk REviEWS
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{money}
70 A Wealth of Experience, a Wealth of Expertise Barclays Wealth in Cyprus
76
{business}
76 Eastern Promise Philip Hourquebie says that Cyprus needs to reposition itself towards the new global economic powers 80 DMS Myths and Magic What Document Management Software can do for your business 82 Cyprus hotels sweep Condé Nast Traveller Awards Who won what in Athens
84
{economy}
84 Real Estate and Housing Loans Why the mismatch? 87 Cities: Does attractiveness match investment? Investors’ perception of cities and the reality of where they invest
money: Warren buffett invests like a girl: and Why you should, too by louann lofton 73 business: the real mad men: the remarkable true story of madison avenue’s golden age by andrew cracknell 78 economy: Why the West rules - for now: the patterns of history and what they reveal about the future by ian morris 86 lifestyle: the sense of an ending by Julian barnes 97
92
{lifestyle}
92 From Boardroom to Screening Room 10 of the best movies set in the world of business and finance
88
{tax&legal}
88 Taxation and Business Just how favourable is Cyprus’ favourable tax regime?
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