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FAITHKEEPING THE
ISSUE 19 OCTOBER 2012PRICE €6.95
POWERED BY:
THE INTERNATIONAL INVESTMENT, FINANCE & PROFESSIONAL SERVICES MAGAZINE OF CYPRUS
Financial Services
Professionals and Foreign
Investors remain positive
about Cyprus
RICE TO RICHESInvesting in Agriculture
PLUS: MONEY / BUSINESSECONOMYTAX & LEGALLIFESTYLE
BANKING UNION Reform orRedecorating?
INTERVIEWSDEMETRIS NICOLAOUCHARIS PAPACHARALAMBOUSJULIA PAPAGEORGIOU
+ EVAN GAVAS, YANNIS MATSIS, DAVID WESSEL
8 Gold THE INTERNATIONAL INVESTMENT, FINANCE & PROFESSIONAL SERVICES MAGAZINE OF CYPRUS
10 1218
issue 19october
2012
FEATURE
LEARNING FROM OTHERSby Andreas Neocleous 46
SUSTAINABLE TOURISMby Petros Mavros 48
TUITION FEE WARSby Constantinos Charalambous 58
ARE THE GREEKS EUROPEANS?by Peter Economides 90
GRASPING THE OPPORTUNITY TO DRIVE JOBS AND GROWTHPROFESSIONAL SERVICES IN CYPRUS 34
+ OPINION
36 | REFORM OR REDECORATING?The basics of a Europe-wide Banking Union have yet to be ironed out
40 | PROMOTING CYPRUS AS AN INVESTMENT
DESTINATIONInterview with Charis Papacharalambous, Director-General of the Cyprus Investment Promotion Agency (CIPA)
50 | COMPETING JURISDICTIONSFinancial Services Industry: Is Cyprus Trailing its European Peer Group?
54 | THINGS CAN ONLY GET BETTERThe outgoing President of the CFA Society of Cyprus is optimistic about the future of Cyprus and the financial services sector
60 | KNOCKING ON EVAN’S DOORInterview with Evan Gavas, Country Manager of Barclays in Cyprus
64 | MAKING A DIFFERENCEThere is a growing demand for recognised professional qualifications in PR and Communication
EDITORIALUP FRONTFIVE MINUTES WITH…
68 {money}
72 {business}
78 {economy}
81 {tax&legal}
86 {lifestyle}
54
86
Financial services professionals and foreign investors remain positive about Cyprus
KEEPING THE
FAITH
22
5077
68
{October 2012}
72 Management and Decision-Making in Times of Economic Instability By Andrey Dashin
74 The Online Route to Marketing SuccessMore and more companies are using the In-ternet to generate sales, publicity and custom
78 From Compliance to Competitive EdgePwC’s Risk Assurance Consulting Services
ISSUE
1984 Positioned for growth
THE INTERNATIONAL INVESTMENT, FINANCE & PROFESSIONAL SERVICES OF CYPRUS Gold 67
68 {money}68 The Name is Bond…Understanding Debt Instruments
70 Rice to RichesIf you choose to invest in the Agricul-tural sector you won’t be alone
81 ADIT: A Global Standard in International Taxation By Stacey Fink
82 Benefits of the ProtocolAmendments to the Cyprus-Russia Dou-ble Tax Treaty promise to help investors
86 {lifestyle}86 Good VibrationsInvesting in musical instruments
BUSINESS: Dark Art: The Changing Face of Public Relations By Tim Burt 74
ECONOMY: Pocket World in Figures 2013 By The Economist 81
+ BOOK REVIEW
72 {business} 81 {tax&legal}
78 {economy}
77 Employee productivity levels sink to new lows Stagnant job market is to blame, says PwC
84 Positioned for growthRussia investment attractive-ness: a step forward