14 EDITORIAL 16 NEWS BRIEFING 20 COMMODITIES/FOREX WATCH
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issue 07 october 2011
COVER STORY plain sailing?
the shipping industry in cyprus past, present & future
+ opinion Unintended Consequences by Demosthenes Mavrellis
22
The Debate: “Would Greece be better off leaving the eurozone?” by Dinos Andreou (Yes) and Andrew Perry (No) 24 In Need of a Paradigm Shift by Marina Theodotou
64
The Salience of the Lambs by Eleni Vickers
66
brought to you by ship by Peter Economides
98
50
FEATURES 50 | Record-breaking Investment in Renewable Energy Investors are putting their money where it is needed
56 | Investing in ETFs Exchange Traded Funds have created a world of opportunity for both retail investors and HNWIs.
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the international investment, business & finance magazine of cyprus
56 70 74 80 84 92
{money} {business} {economy} {tax&legal} {lifestyle}
{october 2011}
issue
07
+ BOok reviews
70
{money}
70 International Investment Success for Scotland’s Companies Sustained investment in Scotland’s companies has led to new jobs and help for almost 1,000 of the country’s companies 72 The Yield Curve Tells All The Yield Curve is an important tool to forecast economic occurrences. What does it look like right now?
74
{business}
74 In Search of Excellence George Savvides talks about Fiducernter and problems facing the fiduciary sector in Cyprus 77 Ready to be inspired? TEDx comes to Cyprus 78 Everything for the Home Leroy Merlin opens in Cyprus
80
{economy}
80 Return to 1930s Europe? The outlook for Europe over the course of the 21st century is far from encouraging
84
money: Extreme Money: The Masters of the Universe and the Cult of Risk By Satvajit Das 71 BUSINESS: Onward: How Starbucks Fought For Its Life Without Losing Its Soul By Howard Schultz 79 tax & legal: The World’s Best Tax Havens: How to Cut Your Taxes to Zero and Safeguard Your Financial Freedom By Lee Hadnum 86 LIFESTYLE: A Stolen Life By Jaycee Lee Dugard 97
{tax&legal}
84 Cyprus: A Credible Fund Jurisdiction Christos V. Vasiliou of KPMG on the prospects for the fund industry in Cyprus 88 Who is Processing Your Personal Data? Data protection legislation is an important component of EU privacy and human rights law
92
{lifestyle}
92 First class stamps Philatelic investment is back in vogue
the international investment, business & finance magazine of cyprus
69