ISSUE 13 APRIL 2012 PRICE €6.95
5 291295 000577
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POWERED BY:
THE INTERNATIONAL INVESTMENT, FINANCE & PROFESSIONAL SERVICES MAGAZINE OF CYPRUS
THE CYPRUS POWER LIST THE KEY FIGURES WHOSE DECISIONS AFFECT THE ISLAND’S ECONOMY
+ ANTONIS ANTONIOU, NASOS KTORIDES, KYRIAKOS IORDANOU ONLINE GAMES World of Tanks is moving to Cyprus
INTERVIEWS
VICTOR KISLYI LUIS LAGES FIONA MULLEN
LIFESTYLE Fabergé’s Fabulous Creations
PLUS:
MONEY / BUSINESS ECONOMY TAX & LEGAL LIFESTYLE
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08 EDITORIAL 12 UP FRONT 16 FIVE MINUTES WITH
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THE POWER
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THE PEOPLE WHOSE DECISIONS AFFECT THE ISLAND’S ECONOMY IN POLITICS, BANKING & FINANCE, THE MEDIA, ENTERPRISE, THE LEGAL, ACCOUNTANCY AND FIDUCIARY PROFESSIONS, PUBLIC & PRIVATE SECTOR ORGANISATIONS & ASSOCIATIONS AND THE CHURCH
+ OPINION CYPRUS RETURNS TO THE ‘PREMIER LEAGUE’ OF TRUST JURISDICTIONS by Andreas Neocleous 18 DOING BUSINESS IN CYPRUS by Tassos Anastasiades
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LAIKI BANK LOOKS TO THE FUTURE by Annita Philippidou 52 STEPPING OVER THE SNAKE by Peter Economides
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58 FEATURE 54 | CHAMBERS & PARTNERS FEATURES CYPRUS’S TOP LAWYERS Excerpts from the Cyprus section of the 2012 edition of Chambers Global which was published in March
58 | THE ISLAND OF SUN, SEA AND… ONLINE GAMES
The Belarusian development team of the Internet gaming sensation World of Tanks is moving to Cyprus
62 | FIFTY YEARS ON The Institute of Certified Public Accountants of Cyprus (ICPAC) has a new General Manager 64 | POWER SHARING How Nasos Ktorides plans to make Cyprus a vital link in the world’s most ambitious undersea electricity cable project.
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{money} {business} {economy} {tax&legal} {lifestyle}
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+ BOOK REVIEW MONEY: Debt: The First 5,000 Years By David Graeber
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ECONOMY: How The West Was Lost: Fifty Years of Economic Folly - And the Stark Choices Ahead By Dambisa Moyo 87 TAX & LEGAL: Political Economy of Corporation Tax: Theory, Values and Law Reform By John Snape 89 LIFESTYLE: David Hockney: A Bigger Picture By Tim Barringer and Edith Devaney 97
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72 Going GloCal Professor Luis Filipe Lages speaks to Gold 76 USB Bank Focuses on Business Growth The Retail, Corporate and International Banking divisions of USB Bank
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84 Speaking Words of Wisdom Εconomist and analyst Fiona Mullen on the challenges facing Cyprus
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88 Demand in the Legal & Corporate Services Sectors Continues The number of experienced corporate lawyers who are qualifying and looking for their first move after qualification is on the decline
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80 Striving for Excellence, Performance and Customer Primacy Bonalbo prides itself on its key strengths
90 Exceeding Expectations Discretion, confidentiality and integrity are key to HLB Afxentiou’s operations
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94 Fabulous Fabergé Not chocolate Easter eggs but priceless jewel-encrusted masterpieces
92 Foreign Tax Credit: Are You Entitled? What is FTC is how does it affect Cypriot taxation?
THE INTERNATIONAL INVESTMENT, FINANCE & PROFESSIONAL SERVICES OF CYPRUS
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