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He has managed to successfully develop his country and has applied many strategies which see Dubai operate like a perfectly organised and profitable company. He has motivated his people to dream beyond the deserts of Arabia and offered a hub for business and safe living in the trouble areas of the Middle East.

What was the impetus behind these alterations to the ways in which the CySEC communicates? The CySEC is at all times concerned with the education of investors, as this strengthens its protection, which is at the forefront of our role. At the same time, the Commission aims to facilitate and enhance communication with its supervised entities, in order to ensure the continuous and immediate informing and updating of its obligations in accordance with the relevant supervisory and regulatory framework.

Since we are living in an age of technology, we strongly believe that we should take advantage of the new tools appearing on the market in order to remain on track and enhance easy communication with all entities, as well as the general public. What new features are offered on the revamped website? The most prominent feature of our website. We have tried to achieve fast-loading pages, simplicity and good organisation, without overloading the website with content.

The new RSS feeds comprise another important element, enabling users to be automatically and instantly notified regarding the latest news and features they want from the website. Furthermore, the site is linked to. Taking the rise in the use of mobile devices to access the Internet into consideration, we have also ensured that the CySEC website is accessible and viewable via mobile and tablet.

We are in the process of further improving its mobile navigation by building a separate mobile-optimized design mobile website. In addition to these developments, the Commission has also launched a dedicated Web Portal, a step which will complete its transition to wholly electronic operations. What more can you tell us about this? The launch of the new CySEC portal is part of our continuous efforts to be proactive. The portal will feature notices and warnings issued by the CySEC and other foreign supervisory authorities regarding firms conducting unauthorised business in the their respective jurisdictions.

Furthermore more, an online tool for the submission of inv investor complaints regarding licensed and n non-licensed entities is also available on the website. IInvestors are encouraged to check th this list before deciding to establish a business bu relationship with any firm. We recently carried out so some market research to determine the level of public awareness regarding our work.

These results are encouraging, pushing the CySEC to continuously improve methods and tools which will ultimately enhance the overall perception of regulatory transparency in Cyprus. They Said What? Some of the more memorable remarks made by well-known Cypriots over of the past month. In , Eurofast assumed the tax and consulting divisions of BKR Damianou and, via a spin-off, became fully independent from the audit firm.

Since , Eurofast has undertaken the representation of Taxand Cyprus. All of our offices are interconnected via state-of-the-art technology and computer systems. Telephony and video conferencing facilities are also centralised; server and intranet systems ensure that otherwise remote locations adhere to even the smallest detail in our client service and philosophy; thus making us truly local experts with global knowledge.

We recruit professionals from various industries including law firms, financial services providers, listed companies and the public sector which enables us to offer our clients leading-edge solutions. Philippos Mannaris: Provident Fund management presents companies and their employees with real issues: How can employers help their people save more and make better decisions? We understand the real barriers to successful retirement planning. Our clients want zero bias, better diversified portfolios, more effective risk management, operational excellence and features that help employees make better decisions.

Keeping up with all this takes time away from the strategic thinking that can lead to more robust retirement outcomes. Meanwhile, the more attention employers expend on these issues, the less they are able to focus on their core business priorities. One answer is delegation. MAP enables employers to delegate governance and management responsibility and administrative services to the experts, allowing companies to re-focus their attention to what matters most to them.

Achieving the best possible member outcomes is always the fundamental aim of a Provident Fund, whichever structure it adopts. That brings the need for adopting the most efficient approach very clearly into focus. By taking the delegated approach, members enjoy improved governance and execution of longer-term strategies, while giving themselves the chance of achieving the best outcomes. Gold: Does that mean that you are targeting small and medium size firms rather than large ones?

Retirement income adequacy has become a hot topic for most employers and their employees. Employers realize they face serious workforce issues if employees fail to. Employees increasingly concede their responsibility in preparing for retirement, yet often do not take the steps needed to adequately prepare.

Government officials see the dramatic changes in the retirement system and question whether employees will accumulate enough resources to retire. Gold: Can a self-employed person join the Fund? MAP is primarily designed for 2nd pillar retirement provision addressed to corporates that have a minimum headcount.

Individuals wishing to enhance their retirement security can seek solutions within the 3rd pillar system primarily served by the Insurance industry. The primary investment objective for all options is to invest prudently so that the reasonable expectations of members can be met at the level of risk chosen by the member. The objectives set relate to the real value of the members benefits and thus risk and return objectives are linked to inflation.

Gold: Tell us about the three options. This would usually be suitable for people with shorter-term horizons or those who do not want to have annual fluctuations in their report. The Moderate Option is designed to provide a higher long-term return in a balanced way, aiming to provide moderate fluctuation in values but offer good growth potential, They are usually suitable for people looking for medium- to long-term horizons.

The Growth Option is designed to provide higher long-term return but minimize the. We believe that when it comes to helping employees make better decisions, sophisticated yet simple choices are most effective. The choice of investment options is one of the most important that employees will have to make as members of MAP. When an employer joins the MAP Fund, its employees can choose one investment option or a mix of options. If a member does not want to choose a strategy, they will automatically be enrolled in the default strategy.

Gold: What happens if an employee leaves the company and is employed by another one which has its own or no Provident Fund? Gold: What kind of feedback have you had at this early stage from potential members, both employers and employees? The MAP Fund gives employees and employers the benefit of a more cost-effective institutional solution, with reduced investment costs and an all-inclusive fee for administration.

Importantly, this is all delivered with complete fee transparency. Our clients in Cyprus have welcomed the new solution which provides them with a new alternative for their Provident Fund management strategy. Gold: Will you and your own employees join the Fund? We have also started the relevant cross-border notification procedure stipulated by the relevant regulatory authorities in the EEA to accept Aon Hewitt Greece and our Greek colleagues into the Fund.

Creating better Provident Funds has been a key aim for us for some time. That means delivering a more effective investment approach, capable of greater speed of action, using best in class fund managers and better diversification — all with the ultimate aim of Better Member Outcomes. By Andrey Dashin. A take appropriate action at the word with so appropriate time.

You do not many negative need to cut budgets, and especonnotations — cially the most common victim unemployment, of such actions — the marketing bankruptcy, budget. You simply need to be closure, loss. Over the past few more selective and more aware years, the public has been subject of your options. Be wise and to horrifying discussions, assumpstrategic with your spending, tions and predictions regarding its according to the expected ROI.

During a recession, customers and minimizing people find themselves desperate your presence in the market for good news, positive developwill only make your brand less w ments and hope that things will get vvisible, which consequently better tomorrow. We end up living harms your public image. If in a negative environment, which you want people to find you, inevitably leads to an even further you need to let them know deterioration of the situation.

MainInfo: Andrey Dashin is the your company. It is a great opportunity to evaluate taining a negative attitude towards any situation founder of ForexTime Ltd FXTM , your current position and rethink your approach. The content of this article any business but we tend to forget and underestito move forward.

Audiences change, trends Instead of over-thinking and over-analyzing misunderstood as investment advice. Why not seize the opportunities that arise and use the previous in market space. Therefore, embrace the opportunities for change given to you by the recession and re-establish your business.

It is all about perspective. In the only be identified by an open mind and a positive attitude. It is up midst of a crisis, you can choose to reset the system and start to the optimist, the fast-thinker, the mentally strong, the one who from scratch. Go back to basics with the knowledge you have cannot bear to lose — the great leader drawn from your recent tortur— to look for ways to get out of the big ous experience. So we decided that we needed to think pragmatically and proactively about this new area in which auditors were going to have to be involved and to which their clients would be subject.

ICAEW concluded that it would be helpful to develop a consistent framework that could be used by auditors who would be aware of what was viewed as best practice across the industry. Banks in particular may have to change or build new systems, adjust the way they look at risk, get various parts of the organisation talking to one another when they may not have had to do so before.

In some ways, is just around the corner. Although we may not see its impact on the market for a while, there is already a lot of work going on behind the scenes. Put simply, this means that where previously we would have had backwardlooking indicators and an event would have to happen before a bank would be required to make a provision against a loan, the bank will now have to make a forward-looking assessment of how they expect borrowers to be able to repay it or where there may be difficulties.

That is going to require a lot more information, experience and judgment. Similarly, the stricter requirements governing Tier 1 capital ratios are part of the same trend. The purpose of any change to financial reporting standards is to improve them and efforts are being made to ensure that financial institutions around the world are functioning in the same way. But that means that we all need to prepare for a major change such as IFRS9. That naturally includes banks, companies and auditors in Cyprus and I am very happy with the interest shown by our members here.

But just clients, your partners, your as your mother knows you inside employees — think while you out and wants the best for you, so are running around in search of does a qualified and knowledgeable the perfect bride? On the other business intermediary, when he has hand, your mother would be spent enough time listening and very discreet when talking about understanding your business.

Once you, as a business intermediary you open your books and explain the would. Business intermediaries are well And what about your raconnected. Through their affiliatios and financials? Have you tions, their network and their attendthought about calculating them ance of conferences and industry or do you think your perfect forums, they know who is out there bride would never ask?

These need to be well-prelooking at your business, in the same way that Info: Marios Chiromerides is sented and verified, since past performance is most your mother networks during her tea parties and Managing Director of Connecor Investments in Cyprus, a business probably of the essence regarding your future chats with her lady friends about their mature, transfer agency providing expert promises!

How about your existing business? You would do Your mother is definitely going to paint a rosy ownership of a business or company changes hands. A business intermediary can do the same. If never materialize. If you wait too long,. Extremely high leverage and debt levels, in conjunction with years of poor management and inefficiency, have resulted in an urgent need for corporate restructuring.

For Cypriot companies, the economic environment in recent years has brought growth and expansion to a halt. The crisis has turned the spotlight on CFOs and raised their profile and their importance within organisations. Corporate turnarounds Management and debt restructuring Forum, presented for Cypriot companies by EY, organised by.

These new developments also mean that Cyprus is on track with the bailout agreement; however, there are grey areas in the new legislation that creates ambiguity regarding what exactly general managers and CFOs must understand in these new laws in order to help their business move forward. Nowadays, the CFO has the most important role to play in turning around a troubled corporation.

There is probably no other time when the role of the CFO is more critical, more demanding and, at the same time, more professionally rewarding than in a turnaround situation. The 11th CFO Management Forum aims to help companies resolve urgent situations and implement change so that they can return to solvency. Financial distress has been lingering over Cypriot companies for some time, and it is time for them to reset their ambitions from survival to success.

Mountis, Partner, Dr. Explaining that local firms may enhance their products and services, strengthen their relationships with clients and ultimately increase both revenue and profit, the question — Cox stressed — is not whether a 24 GOLD The Business Magazine of Cyprus. For this reason, he explained, those who make the move towards full telecommunications and IT integration will benefit from an elevated market share and prominence, essentially gaining an advantage over competitors who have yet to develop this aspect of their business.

The beauty of these processes lies in the fact that they may be applied to all traditional businesses and are in no way limited to tech start-ups, Cox affirmed. Though the benefits of IT and telecom integration are clear, the question remains: what precisely is digital? Far from being a disadvantage, this vague definition of digital actually encompasses its. TN has made a strategic move to expand its offering from telecommunications alone to IT solutions for business clients too.

What was the thinking behind this? Andreas Neocleous: For the telecom-. Next generation telecommunications is radically changing the communications ecosystem, because it allows the integration of traditional products with content, broadband, data and business. The integration of a leading IT technology company means that we can utilize both the spectrum of its services and its specialised staff. We aspire to be a lifetime partner for our customers, leading and inspiring their growth.

Give us some examples of the services that you are offering. Through the acquisition of IBS, MTN Business has enhanced its portfolio to meet its strategic needs in a comprehensive manner: From now on, we are offering not only the usual telecommunications solutions mobile and fixed telephony, data services, and Internet connectivity services but also ICT solutions, i.

Certainly the Cypriot market includes several notable. The convergence of telecommunications with IT would be incomplete and unfeasible without the existence of a reliable high-speed network such as 4G, which enables full business mobility, ensuring high quality communication without physical constraints.

What has the reaction from clients been so far? The feedback so far has been extremely positive. At a time of recession, companies are interested in. Our proposal offers an opportunity to unify all the cost centres of technology, thus creating economies of scale. What was the main focus of your recent presentation in Limassol and Nicosia?

Our aim was to explain to our interlocutors, executives of both large and smaller enterprises, local and multinational, that the use of combined telecommunications and IT solutions saves on costs, creates additional profit and changes the terms of market competition. In the contemporary business environment, the IT capacities of companies define their future. Therefore all companies are in search of the right move and during our presentations at the conferences, we tried to explain why integrated ICT services represent the right step for the future of every contemporary business.

George Agathangelou: By joining forces with a telecommunications leader, we have reinforced our market position while broadening our prospects. Today, conditions are ideal to take the huge step ahead As a result of our common course, IBS has enriched its portfolio with a wide range of MTN Business telecommunications products and services.

Indeed, we were one of the first companies in Cyprus to foresee that technology could assist business development. Since then a lot has happened: tele-. Today, conditions are ideal to take the huge step ahead. The growth dynamic. How significant is the fact that companies no longer need to have their own dedicated IT specialists and can leave ICT issues to you?

This is the result of technological development;. IT professionals, just like doctors, have to be specialised in their field. Since companies cannot have dedicated IT specialists. Are your clients easily convinced of the benefits of what MTN Business can offer them or do they still need persuading?

Avgoustinos Constantinides: Our clients only have more to gain from the economics of scale created by the inclusion of telecommunications in a comprehensive solutions package. Both the management and the. As Cloud services become more widely accepted and adopted, what do you see as the next technological developments that MTN Business will be promoting? In this new era, MTN Business will contribute to the re-shaping of the industry and reinforce the role of Cyprus as a regional services hub.

Our aim was to propose ways in. Do you provide tailor-made solutions or do you offer a suite of facilities from which companies choose what best suits their needs? We provide both. On the basis of a selected ICT solution package, we are in a position to specialise each service in such a way that it fits the profile and the needs of every company.

This is the magic of ICT, in that. In general, the unification of telecommunications with IT has rapidly changed the scene. The high speed of the new 4G network promotes the development of new functions, applications and services without any time or space constraints. A series of innovative solutions based on digital technology will be at the disposal of both individuals and companies. At MTN Business, the plan over the next year is to reinforce our position in the market.

We plan to become the preferred technology part-. A company has limited resources, both human and financial. It therefore needs to prioritize them properly, with the main focus on increasing its clientele and producing wealth. ICT comprehensive solutions can benefit every single small or large enterprise that is concerned about its future.

As times have changed, so too has Limassol, and today it enjoys a worldwide reputation as a leading international business centre. On the following pages we present our updated and expanded list of more than companies, which vary in size, turnover, employee numbers and ownership but are all. In a number of cases, the companies refused or were unable to provide certain details.

In such cases the information was correct in Gold: The LCCI has traditionally played an active role in the development of Limassol since its establishment shortly after Cyprus gained independence. How is it continuing to promote the city, especially since the events of ? Since the events of and the squeeze on state finances, the challenge now, more than ever before, is to facilitate the realisation of projects that do not require state expendi-.

In the case of the Pentakomo Techno Park, for instance, the initial idea was for the state to expropriate privately owned land — an. The Limassol Chamber proposed that instead of that, private land needed for the park could be exchanged for state land elsewhere. This was accepted, thus paving the way for the realisation of the project.

Gold: What have been your priorities in the nine months since you became President? We have been active on both fronts, meeting with members and providing solutions and actively lobbying for development projects in our district, whether the Pentakomo Techno Park or the expansion and upgrading of Limassol Port. I should also mention initiatives in support of the Cyprus University of Technology, in addition to the launch of Entrepreneurial Limassol, our monthly newsletter with information about Limassol business activity.

Gold: We often hear about the many international companies based in Limassol and there is no doubt about the value they add to the town and the local economy. Does the LCCI make specific efforts to attract more companies to the town? We are always keen on having more international companies coming here and I think this is best achieved by retaining our good reputation, bearing in mind that the international companies that are already here are our best ambassadors abroad.

This objective is also being promoted through our international connections and cooperation agreements with Chambers from other countries, as well as the commercial departments of foreign embassies in Cyprus, with which we have excellent cooperation.

One such distinction will be awarded annually, beginning this year. Gold: Do you consider that Limassol is, in some way, in competition with the other towns on the island? We naturally do our utmost for our area of jurisdiction — the district of Limassol — but we have always been in favour of decentralisation, with each district getting its fair share and all experiencing balanced economic development.

Of course, where we see injustice being done against Limassol, we are up in arms in defence of our district! That happened when the idea arose of moving the Techno Park to the University of Cyprus in Nicosia and, more recently, with the proposed bill on shop opening hours which discriminated against Limassol and over which we did not at all hesitate to strongly criticize our own Limassol MPs.

Gold: Are there new projects in the pipeline — either from the private or public sector — that will continue to improve Limassol for its residents and for the country in general? So is the expansion of the land area of Limassol Port, which will significantly add to its cargo handling capacity and, should the need arise, cater to the needs of companies supporting the hydrocarbons industry.

The Limassol branding project is also progressing well under the umbrella of our Chamber. And then, of course, there is the casino-resort which Limassol is well suited to host, should that be the choice of the investor who will carry out the project. Also on our agenda is the issue of accessibility, that is, making Limassol friendly to disabled people, a project we are pursuing in cooperation with the municipal authorities and are seeking to place in the context of a European Programme.

And certainly the positive attitude of the local people has also played a role, especially in terms of making Limassol attractive to foreign entrepreneurs and their families who really feel at home. Gold: On a more personal level, what is it about Limassol that makes you happy to live and work in the town? Tim McClure. A multifaceted group of Developments, Construction, Lifestyle and Entertainment based in Limassol, it is one of the largest and most successful privately-owned construction companies on the island.

Founded in Famagusta in as a welding consumables factory, the Group of seven companies now trades under the Interweld brand. It currently exports manufactured goods to over 15 countries. ABB is a global leader in power and automation technologies with a presence in Cyprus through its Limassol operations. Based in Zurich, Switzerland, the company employs , people and operates in approximately countries.

The Maritime Center, , Omonia Ave. Trading in Cyprus for more than 50 years, it has built a top notch reputation based on quality for truly distinctive furniture with excellent customer service and is one of the largest furniture companies on the island. Kypros Satellites was incorporated in October , with a vision to build, launch and operate a global constellation of satellites.

It is licensed to use orbital slots registered through the Cyprus administration and has been granted priority rights to over twenty orbital slots by the International Telecommunications Union. ASBIS owns the Canyon and Prestigio brands, which include a large variety of consumer electronic products including smartphones and tablets.

AP Kypros Satellites Ltd. Many companies, international and local, have their head offices here and certain industries of the Cypriot economy, like shipping, are mainly based in Limassol. It has also developed on many fronts; it is a beautiful city to live in, with plenty of opportunities for social and professional interaction, it is safe and all this with the Mediterranean Sea as the backdrop.

Moreover, Limassol is diverse and people from all over the world chose to live and work here. There is a sense of great pride in the city, the community, a general positive behaviour and open-mindedness by its people. In Limassol we understand that being a successful business centre is not all about economic activity — it is also about the high quality of living. It is about the bigger picture.

AtlasCapital, incorporated in October , is a member of AtlasGroup, one of the most renowned business conglomerates in southeast Europe. It has twenty years of experience in investments and commercial banking, as well as real estate investments. Founded in , the company has grown to become one of the largest local contracting companies, having expanded its operations to include building, civil, electrical and mechanical engineering, as well as real estate development. The company employs more than people in Cyprus.

Hanseatic House, , Spyrou Araouzou St. Originally established in , the Limassol branch became an onshore branch in early under new regulations related to Cyprus' entry into the European Union and the adoption of the euro. The branch's activities focus on corporate, commercial and correspondent banking services. Marinopoulos S.

Carrefour Cyprus has a major presence with 18 stores on the island. Producing a full range of dairy products, from fresh pasteurized milk and yogurt to cheese and cream, it is the largest dairy in Cyprus. It is an innovative food company, following international quality and expertise standards and providing consumers with products of high nutritional value.

Chaston Trading Ltd is a part of an international company holding which is engaged in import and export, energy resources transactions, investments in oil and gas production, usage of renewable energy resources and forwarding services. Founded in , Chr. It recently celebrated its 65th anniversary. Distributing and retailing many popular products such as Lays and Cheetos crisps as well as many ownbrand products, it is a member of the PepsiCo International group, employing around personnel in Cyprus.

It is part of the Deloitte global network, with more than , people in over countries. It recently opened a large supermarket in Zakaki, Limassol, catering to the needs of local households. It also owns a management company and is in charge of short- and longterm rentals and the provision of full maintenance support.

Zavos also owns 15 business centers. Since , it has been revolutionizing currency trading in over countries. A pioneer in developing Forex as a consumer product, EasyForex continues to lead with customized technology and personal service tailored to all levels of traders. CEO Christis M. Linopetra Industrial Area, P. Testament to this is the fact that the city hosts the vast majority of foreign banks, fiduciary firms, Forex traders and a wealth of other businesses engaged in international business in Cyprus.

Whether this has to do with the business-friendly approach by the local authorities, the good quality of public infrastructure, the cosmopolitan atmosphere which has always been attractive to foreign business people, or whether it all comes down to the famous Limassolian mentality, one thing is for sure: Limassol today provides an unparalleled combination of business and living excellence.

One of the largest wineries on the island, ETKO was founded over years ago. Established in , the Group specialises in consumer products, manufacturing home and personal care goods, including its own label cleaning products, as well as food items. With two locations in Cyprus, it uses its international standards of excellence to serve and grow the local market. Over the last 20 years, the company has built a global distribution network extending to more than 75 countries in all continents.

With 8 showrooms in all towns, Fairways has had a major presence in Cyprus for over 35 years. It began operations in the Cyprus Insurance Industry in May Direct Insurance basically cuts out the middleman involved in the process of issuing an Insurance Policy.

With no middlemen, commission or credit costs, savings are passed directly to the Customer. Gan operates mainly online and via telephone. Established in , the G. One of the leading construction companies in Cyprus with major operations both locally and overseas, the Group was founded in It specialises in construction, civil engineering, asbestos recovery and property development.

Pallas House, Aristophanes St. Founded in , it owns the biggest meat processing factory in Cyprus, delivering a broad range of processed and cooked meats to the local and foreign market. In addition to its 19 branches in Lebanon, it also operates a branch in Limassol since January Specialising in property management and interior design, it has won several Cypriot and European awards for development and design. Petersburg and elsewhere.

Petersburg and employs over shore-based employees and over 3, well-trained and experienced seafarers. Principally a ship-owning company, Intership has also expanded into third party management for a small number of European, American and Asian owners. Headquartered in Cyprus, it operates as an absolute electronic trading environment for retail investors and institutional partners, delivering trading functionality, market reach, depths of liquidity, speed of execution and robust IT scalability at competitive trading costs.

Based in Limassol, its clients are located all around the world. Engaged in the production and supply of sand and gravel for use in the construction industry, the company distributes ready-mix concrete and asphalt for road construction, and is also involved in land development. One of the most complete and modern wineries in the world, Kamanterena Winery SODAP is equipped with high-tech machinery and the latest technology in Winemaking, enabling it to produce wines of the highest quality which have earned an array of awards in wine and spirit competitions.

Hartmann House, 32, Miltonos St. With a global network of representatives throughout Europe, the Americas, Asia, Australasia, Africa and the Middle East, the company provides a large range of services that cover anything from basic transportation to major logistics projects.

Founded in , KEAN remains one of the largest and most popular beverage suppliers on the island and an established exporter to 46 countries. It extracts fresh citrus juice, manufactures juices, nectars, still drinks and soft drinks. The KEAN Group imports and distributes a variety of chilled, frozen and ambient foods for the retail and food service trade.

Producer and importer of beer, wine, spirits, juices, mineral water, soft drinks and canned food. One of the largest beverage supplier on the island. Established in , it is now a household name for both locals and millions of tourists.

Korpus Prava Cyprus was established in It continuously takes important steps to ensure that KPMG delivers market-leading, world-class professional services that are aligned with the changing needs of its clients and global markets. Established in , it provides a complete range of electronic security solutions. The Lanitis Group was established towards the end of the 19th century and is currently under the leadership of the fourth generation of the Lanitis family.

It is is currently one of the top three shipping agencies in Cyprus, providing services that include Port Agency, Forwarding, Husbandry, and Technical Support. Headquartered in Limassol,Lemissoler Navigation Co. The Group specializes in the formation and management of investment funds that invest in various sectors of the shipping industry. A, Athena S. It markets and distributes high-quality and innovative brandsall over Cyprus through its own distribution network.

Ypsonas Industrial Area, Epimitheos St. Sole distributors of Isuzu, KIA, Cadillac and Hummer vehicles in Cyprus, it is one of the most successful and popular car dealerships on the island. Principally a ship-owning company, it has expanded into shipmanagement, while holding a substantial ownership in the Cypriot investment company Navinvest Holdings Ltd. One of the largest private hospitals in Cyprus, it was established in Established in , it develops, licenses, manufactures, markets and distributes branded generic and super-generic pharmaceutical products as well as its own patented brands.

Today it combines a vibrant business community, led by the shipping industry, with an increasingly attractive tourist destination. I believe that it has all the attributes to continue its strong growth and dynamic contribution to the Cyprus economy at large in the coming years. It provides architectural services from concept development through to complete detailed design in key areas, such as commercial and industrial developments, private housing and restoration works.

MTN Business delivers a wide range of Telecommunications and IT services that adjust to the needs of every business, as well as infrastructure hardware that supports them. Muskita Holdings is active in a range of sectors including the aluminium industry, through its operations in Cyprus and the United Kingdom; the hotel industry, through its hospitality institutions in Cyprus and Greece; and the real estate market, with assets in several locations across the island.

It is an integrated company active in the manufacturing and engineering industries and the exclusive manufacturer of Nemitsas pumps,which are exported worldwide through an established network of agents and distributors. The company is also a leading agent, supplier and service centre of a variety of engineering products. From its origins as a small pastry store in Limassol in , New York Sweets has grown into an organisation with a network of seven stores across Cyprus, specializing in the art of creating sweets with exceptional quality and design.

Corner Anastasi Sioukri St. Ariadne House, 2nd Floor, , 28th October St. This exclusive residential complex features swimming pools, a country club, a tennis court, a restaurant, designers shopping piazza and a spa with a roman bath. Specialising in civil, environmental, structural and foundation engineering, the company has been responsible for the design and site inspection of a wide variety projects all over the island. One of the biggest companies in poultry and meat production in Cyprus, it distributes fresh and frozen products all over the island.

As a member of various professional organisations globally and maintaining strong links with local and foreign associates, its highly skilled lawyers can provide clients with specialized comprehensive solutions on national and international legal matters. Patrician Chambers, , Agiou Andreou St. Andreou Digital Printing Services Ltd. Comprising Pierides in Light and Pierides Electrical, it distributes wholesale electrical supplies and lighting equipment, supplying products from brands such as Clipsal, Fermax, Siemens, Masiero and Italamp.

Founded in , it designs, sells, installs and maintains electronic security systems. Headquartered in Limassol, it serves clients all over Cyprus. Established in , it is one of the major accounting and consulting organisations in Cyprus. A member of PKF International, its clients range from public companies and multinationals to small businesses and start-ups.

Founded in , the company has invested in an advanced network that remains one of its most competitive assets. Xenopoulou St. It is one of the Russia's leading privately owned banks, ranked 11thamong the largest Russian banks in terms of assets. The branch in Cyprus was launched in , holding a full-scale banking licence. City House, 6, Karaiskakis St. The bank operates branches in Nicosia, Limassol and Luxembourg. Established in , it has built a reputation for quality third-party ship management.

It is a leading pharmaceutical company dedicated to the development, production and sale of high-quality generic pharmaceutical products. Comprising Salamis Lines, Salamis Shipping, Salamis Tours and Salamis Cruise Lines, the Salamis Organisation has built an empire of companies based upon its strong network of diverse shipping services. Aharnon St. Katsounotos St. As Cyprus emerges from its worst financial crisis in living memory, it is the entrepreneurship and dedication of the people behind the companies that will re-ignite the economy, bringing renewed prosperity to the city, its inhabitants and the country.

The Cyprus International Financial Services Association CIFSA believes that Limassol provides an excellent location for international financial services, by bringing together so many of the ingredients necessary for companies and individuals to flourish. Established in Cyprus in , it works with clients in Central Eastern Europe, Balkan countries, Cyprus as well as in the MENA region and employing a team of approximately 45 professionals, speaking over 21 languages in total.

Schoeller Holdings Ltd is a private investment company with investments in 50 trading vessels, Columbia Shipmanagement Ltd and other shipmanagement companies, liner operation companies such as AAL and Bengal Tiger Line. It also owns and operates hotels in Cyprus and Germany and restaurants in Cyprus. It also operates the only privately owned marina on the island.

It also caters for special occasions including weddings, christenings and parties. The biggest shopping mall in Cyprus, My Mall opened its doors in and has since revolutionized the shopping experience. Incorporating shopping, dining and entertainment, My Mall has become one of the top destinations in the city. The city has the reputation of combining a good business environment with a high quality social life, a very good quality family life, with good schooling, sports and leisure for children.

The construction of luxury apartments and villas has attracted High Net Worth Individuals, either to live here with their families or to use them as holiday homes. The development of Limassol Marina and the seafront has put the city on the map as one of the leading upmarket holiday destinations in the Mediterranean.

In addition to its business-friendly environment, Limassol is also the carnival city, home to the Wine Festival and it has more restaurants than the rest of the island put together. Why not choose Limassol?! Part of the Trikkis Group, it was founded in and is involved in the production of energy with RES, through the design, import, distribution, installation, supervision and maintenance of photovoltaic systems.

The company is actively involved in all aspects of Ship Management. Tototheo House, 89, Omonia Ave. Specializing in catering equipment and tabletop supplies for hotels and restaurants, Virardi focuses on the design, supply, installation of its products plus top-quality after-sales service. Windsor Brokers Ltd. Established in , it is the largest and one of the best equipped private hospitals in Cyprus. It has since expanded to Limassol and now sells, repairs and rents any kind of warehouse handling equipment, both used and new, in local and foreign markets.

In , Antonis moved back to Cyprus and started working as a project manager and technical director for a contractor in Limassol until when he finally formed his own company in Limassol known today as Antonis Askanis Ltd, followed by Askanis Developers Ltd and more recently Askanis Management Services Ltd. Amongst them are Le Meridien Hotel and Spa, where the company took over the construction of the east wing extension of the hotel. Major extension work was executed also at the Four Seasons Hotel in Limassol where the west.

Renovation work was also performed at the Amathus Beach Hotel in Limassol with the construction of the indoor pool and the reconstruction of the lobby area among other works. The company has undertaken the refurbishment and reconstruction of buildings of historical importance such as Paphos Harbour, the winery building at Zoopigi and the Platres Cultural Centre.

Antonis Askanis Ltd also undertakes the quality construction of luxury residences, custom-built to the most exacting specifications and individual requirements. The company restored the building which houses the library of the Cyprus University of Technology, which was one of the very first buildings acquired by the University.

Antonis Askanis Ltd has undertaken the construction of various churches including Agia Anna, a striking church which stands proud with its Byzantine architecture. Other church work includes the renovation and extension of. In recent years, Askanis Group has moved into real estate development of its own through Askanis Developers Ltd. Since , the company has completed projects in the centre of Limassol, at Palodia and Ayios Tychonas and has acquired the former King Richard hotel on the beachfront next to the Four Seasons Hotel which the company converted into the luxurious apartment building now known as Savoya.

Opera is now in the final stages of completion and comprises apartments, penthouses, maisonettes and beach villas. Box , CY - Limassol Tel. BSM Cyprus currently employs more than personnel and provides an array of ship management and technical management services to its clients.

BSM Cyprus has been synonymous with quality since its establishment. Hence, attracting, retaining and developing competent seafarers has always been at the top of its agenda. To meet its own stringent requirements and that of the industry, the Hanseatic Marine Training School was established in Limassol in Today, renamed as the BSM Maritime Training Centre, the school trains over 3, cadets annually and offers a state-of-the-art training facility that replicates the sea-based environment to bet-.

Bernhard Schulte Shipmanagement is a highly integrated maritime solutions leader which is part of the Schulte Group, a leading, family-owned, worldwide ship owning and ship management company. Overall, BSM employs over 20, people both onboard and onshore, owns over vessels, manages a fleet of more than ships across multiple sectors, including gas, tankers, offshore and bulk carriers, and provides comprehensive ship management solutions through an infrastructure of ship management, crew management and training centres in over 30 locations around the world.

Our highly expe-. Maritime Solutions powered by people An ocean of expertise dedicated to safe, reliable and efficient ship management. The firm also advises the Cyprus Government on many specialized fields of law, and was recently was engaged to help draft the Insolvency and Examinership legislation, as well as the legal framework for casinos. It further advises many local public bodies and utilities on administrative and labour law matters.

The firm has also been very active in the field of corporate re-organisation, and mergers and acquisitions; recent examples include the sale of a stake in the Cyprus Development Bank the firm acted for the buyer , and the sale of a majority interest in the owning company of the Amathus Beach Hotel. In addition,. In the field of corporate finance, it has advised Cypriot companies and investment banks in relation to the offering of securities in the form of shares, depositary receipts and bonds in international markets such as the London Stock Exchange, Nasdaq, Oslo and Tel Aviv, and has acted as counsel to major banks in their capacity as lenders to Cypriot companies for major corporate debt re-organisation.

The firm advises major financial institutions on their obligations under the Cypriot Securities. AND P. Its clients include J. It specializes in disputes involving corporations, banking, trusts, shipping, tax, personal injuries, administrative recourses, and high-value claims. Regarding the latter, it won one of the highest in value judgments ever awarded by a Cypriot Court. Moreover, it has substantial expertise in the field of environmental legislation, energy law and competition law.

It is often called upon to advise the maritime authorities of foreign countries as well. Recently, it was instrumental in the drafting of the new Tonnage Tax Law, approved by the European Commission in The firm also offers, through an affiliate licensed by the Cyprus Bar Association, administrative and corporate services, such as company formation, secretarial, book keeping and relevant services, as well as immigration and naturalization services.

The services are offered to the highest standards of compliance with the relevant legislation and international transparency standards. Combining innovation with established traditions, it has been a leader in the legal market and trusted by major players both in Cyprus and abroad.

CDC prides itself in the expertise of its partners who are leaders in their field. In Girl with a Pearl Earring, Vermeer used the Fibonacci sequence to create a composition of perfect proportion, harmony and beauty. The more we can understand the complete picture, the more we can appreciate it. Using advanced data analytics, our auditors can look beyond the obvious and apparent, delving deeper into underlying patterns and trends to deliver a high quality audit.

Rapid growth followed and, eventually, the vision was successfully implemented turning G. In parallel to its Cyprus operations, the Group has directed its efforts towards other countries. Currently, G. Involved in providing an extensive range of services, G. Akis Express is the largest domestic express courier company in Cyprus with over 25 years of experience and a network of 70 service points island wide, delivering throughout Cyprus.

THE G. Operations are carried out at Nicosia customs, Limassol and Larnaca port as well as Larnaca and Paphos airports. Business Solutions, G. Vassilopoulos can your help your Vassilopoulos GroupGroup can help company reduce its transaction company reduce its transaction enormously: costscosts enormously: y Competitive exchange y Competitive exchange rates rates No same day transfer y Noysame day transfer fees fees No correspondent changes y Noycorrespondent changes fees fees y Market comments to keep y Market comments to keep you you updated updated y Quick Responses to enquiries y Quick Responses to enquiries.

Vassilopoulos and Western G. Vassilopoulos and Western Union Business Solutions are fully Union Business Solutions are fully committed to serving youtrust, with trust, committed to serving you with respect andhighest the highest respect and the ethicalethical standards.

Our services standards. Our services and and quotations are designed specifically quotations are designed specifically with business your business in mind. Our client centric approach, Our client centric approach, dedicated specialist support system, dedicated specialist support system, and Western Business and Western UnionUnion Business Solutions' banking network Solutions' globalglobal banking network can you helptransfer you transfer can help fundsfunds easilyeasily across borders and zones, time zones, in across borders and time in thancurrencies.

Of these, 18 are tankers and the rest dry, mostly bulk carriers ranging from 5,dwt all the way up to ,dwt cape-sizes, plus around 20 general cargo vessels. In addition, Intership partly manages an additional fleet of ships on a crew management basis. The company also stands at the forefront of technical and commercial innovation. As well as designing its own ships, Intership has been able to partner leading suppliers and technical bodies in introducing new equipment and systems that improve efficiency and reduce environmental impact.

One such innovative project will see the conversion of two pneumatic cement carriers to LNG propulsion. Intership has always strived to maintain close relations. Today, Intership offers tailor-made solutions and enjoys long-term relations with its partners. In some cases, relations have grown beyond shipping, to the extent that Intership today manages a power plant in Jamaica for one of its shipping customers. Intership co-ordinates its global operations with a network of technical support offices in New Orleans, Montreal and Brisbane, as well as commercial and manning offices in Germany, Poland and the Philippines.

In addition, Intership owns and runs its own authorised training school in the Philippines. It comes as no sur-. For Intership, human capital is considered as its main asset. This programme is now well implemented in the company — offering a flexible work-hour scheme; on-the-job coaching for new employees; training for existing employees, as well as career planning tools.

With all this in its favour, CEO Dieter Rohdenburg justly believes that the company is well positioned to face the challenges of the future. The Kardex Group boasts several branches and manufacturing units in Europe, America and Asia and employs approximately 2, people in more than 30 countries worldwide. Throughout the years, the company and its product ranges have evolved significantly as the firm has gone from success to success.

Today Kardex manufactures computer-controlled automated storage and retrieval systems. The company offers a wide range of automated storage and retrieval solutions, each designed to increase productivity and maximize floor space, allowing its clients to become more competitive in their daily operations. Kardex has designed, manufactured and installed more than , solutions across a broad spectrum of industries, proof of its market dominance.

The Overseas Division has been based in Cyprus since and is responsible for sales as well as marketing, technical and software support services to the Kardex network of distributors to the Middle East and Gulf countries, Africa, the Balkans and Central Asia. Additionally, the Division is responsible for opening up new markets.

The vision of the Group is to make a positive contribution through time to the economy and society, based on development, innovation and quality, aiming to ensure a dynamic future perspective. This vision has been shared and followed by four generations within the Group, while continuously. The Group is also known for its humanitarian and social contribution to society, especially in the areas of culture, education and health.

Lanitis E. C Holdings Ltd has a diversified portfolio of investments through its various subsidiaries and associate companies. The role of Lanitis E. Established in , it formed the backbone of the Lanitis Group and is currently a diversified portfolio investment company. You can get to Heating Art by Bus. These are the lines and routes that have stops nearby - Bus: , , Moovit helps you find alternative routes or times. Skip to main content. Get directions now.

How to get to Heating Art by Bus? More details What are the closest stations to Heating Art? More details Which Bus lines stop near Heating Art? More details. Last updated on January 17,

IN GAME BETTING APPLICATION

Based in Paralimni. Water saving showers and tap aerators. Oxygenated water adds volume to the flow so although substantially less water is used, shower quality is not lost. Home Design Boutique. Qualified interior designer located in Paphos. Specialising in the renovation of kitchens and bathrooms.

British Institute of Interior Design associate. Cyprus HomeCare. Kitchen and bathroom electrical installations. Industrial and domestic Lighting enhancements to compliment new kitchens. Extra outlets for appliances. Grome Marketing Cyprus Ltd. Washbasin and thermostatic mixers to shower sets, kitchen fittings and sanitary systems.

Renovation Kitchens. The No 1 Kitchen Manufacturer in Cyprus. Free surveys and designs with limitless choice. ISO certification with the very best quality and service. Everyday low prices with unbeatable value. Faster fitting by our employees. Plumbers, specialising in domestic, commercial and marine plumbing. Also design, supply and fit bathrooms and kitchens and design and install solar systems. MG Domestic Services Ltd. All plumbing, electrical work, tiling and woodwork completed by a small English team.

Limassol area. Bathroom specialists for sanitary wear, mixer taps. Vassos Leptos. Cyprus wide chain of stores specialising in sanitary ware, baths and showers, accessories, taps and kitchen sinks. Showrooms in Larnaca, Nicosia, Limassol and Paphos.

Company located in Nicosia. High pressure water jetting and CCTV surveys. Estia Kitchens. SwiftSure Services. Limassol based company with English qualified engineers, specialising in heating, plumbing, electrics and LPG gas. Special needs bathrooms. Mountain villages a speciality. Specialist kitchen designers and fitters with showrooms at Strovolos Avenue in Nicosia.

Suppliers of Poggen Pohl and Euromobil. Progressive House Ltd. Company located in Limassol, specialising in importing, manufacturing and installing UPVC windows and doors. Custom made kitchens, internal doors, cabinets. Aluminium and WPC pergolas, fences, and railings. Armoured security doors and general carpentry. S A Cucina. Kitchen company designing and importing both Italian and British kitchens. Some of the biggest kitchen companies are represented by this company. Custom made wood items including kitchens, closets, libraries, desks.

Christodoulos Tsialikkis Ltd. Limassol based bathroom suppliers for some of the leading names in Europe. The most prominent feature of our website. We have tried to achieve fast-loading pages, simplicity and good organisation, without overloading the website with content.

The new RSS feeds comprise another important element, enabling users to be automatically and instantly notified regarding the latest news and features they want from the website. Furthermore, the site is linked to. Taking the rise in the use of mobile devices to access the Internet into consideration, we have also ensured that the CySEC website is accessible and viewable via mobile and tablet.

We are in the process of further improving its mobile navigation by building a separate mobile-optimized design mobile website. In addition to these developments, the Commission has also launched a dedicated Web Portal, a step which will complete its transition to wholly electronic operations. What more can you tell us about this? The launch of the new CySEC portal is part of our continuous efforts to be proactive. The portal will feature notices and warnings issued by the CySEC and other foreign supervisory authorities regarding firms conducting unauthorised business in the their respective jurisdictions.

Furthermore more, an online tool for the submission of inv investor complaints regarding licensed and n non-licensed entities is also available on the website. IInvestors are encouraged to check th this list before deciding to establish a business bu relationship with any firm. We recently carried out so some market research to determine the level of public awareness regarding our work. These results are encouraging, pushing the CySEC to continuously improve methods and tools which will ultimately enhance the overall perception of regulatory transparency in Cyprus.

They Said What? Some of the more memorable remarks made by well-known Cypriots over of the past month. In , Eurofast assumed the tax and consulting divisions of BKR Damianou and, via a spin-off, became fully independent from the audit firm. Since , Eurofast has undertaken the representation of Taxand Cyprus.

All of our offices are interconnected via state-of-the-art technology and computer systems. Telephony and video conferencing facilities are also centralised; server and intranet systems ensure that otherwise remote locations adhere to even the smallest detail in our client service and philosophy; thus making us truly local experts with global knowledge.

We recruit professionals from various industries including law firms, financial services providers, listed companies and the public sector which enables us to offer our clients leading-edge solutions. Philippos Mannaris: Provident Fund management presents companies and their employees with real issues: How can employers help their people save more and make better decisions?

We understand the real barriers to successful retirement planning. Our clients want zero bias, better diversified portfolios, more effective risk management, operational excellence and features that help employees make better decisions. Keeping up with all this takes time away from the strategic thinking that can lead to more robust retirement outcomes.

Meanwhile, the more attention employers expend on these issues, the less they are able to focus on their core business priorities. One answer is delegation. MAP enables employers to delegate governance and management responsibility and administrative services to the experts, allowing companies to re-focus their attention to what matters most to them.

Achieving the best possible member outcomes is always the fundamental aim of a Provident Fund, whichever structure it adopts. That brings the need for adopting the most efficient approach very clearly into focus. By taking the delegated approach, members enjoy improved governance and execution of longer-term strategies, while giving themselves the chance of achieving the best outcomes.

Gold: Does that mean that you are targeting small and medium size firms rather than large ones? Retirement income adequacy has become a hot topic for most employers and their employees. Employers realize they face serious workforce issues if employees fail to. Employees increasingly concede their responsibility in preparing for retirement, yet often do not take the steps needed to adequately prepare.

Government officials see the dramatic changes in the retirement system and question whether employees will accumulate enough resources to retire. Gold: Can a self-employed person join the Fund? MAP is primarily designed for 2nd pillar retirement provision addressed to corporates that have a minimum headcount. Individuals wishing to enhance their retirement security can seek solutions within the 3rd pillar system primarily served by the Insurance industry.

The primary investment objective for all options is to invest prudently so that the reasonable expectations of members can be met at the level of risk chosen by the member. The objectives set relate to the real value of the members benefits and thus risk and return objectives are linked to inflation. Gold: Tell us about the three options. This would usually be suitable for people with shorter-term horizons or those who do not want to have annual fluctuations in their report.

The Moderate Option is designed to provide a higher long-term return in a balanced way, aiming to provide moderate fluctuation in values but offer good growth potential, They are usually suitable for people looking for medium- to long-term horizons. The Growth Option is designed to provide higher long-term return but minimize the.

We believe that when it comes to helping employees make better decisions, sophisticated yet simple choices are most effective. The choice of investment options is one of the most important that employees will have to make as members of MAP. When an employer joins the MAP Fund, its employees can choose one investment option or a mix of options.

If a member does not want to choose a strategy, they will automatically be enrolled in the default strategy. Gold: What happens if an employee leaves the company and is employed by another one which has its own or no Provident Fund? Gold: What kind of feedback have you had at this early stage from potential members, both employers and employees?

The MAP Fund gives employees and employers the benefit of a more cost-effective institutional solution, with reduced investment costs and an all-inclusive fee for administration. Importantly, this is all delivered with complete fee transparency. Our clients in Cyprus have welcomed the new solution which provides them with a new alternative for their Provident Fund management strategy.

Gold: Will you and your own employees join the Fund? We have also started the relevant cross-border notification procedure stipulated by the relevant regulatory authorities in the EEA to accept Aon Hewitt Greece and our Greek colleagues into the Fund.

Creating better Provident Funds has been a key aim for us for some time. That means delivering a more effective investment approach, capable of greater speed of action, using best in class fund managers and better diversification — all with the ultimate aim of Better Member Outcomes. By Andrey Dashin. A take appropriate action at the word with so appropriate time.

You do not many negative need to cut budgets, and especonnotations — cially the most common victim unemployment, of such actions — the marketing bankruptcy, budget. You simply need to be closure, loss. Over the past few more selective and more aware years, the public has been subject of your options. Be wise and to horrifying discussions, assumpstrategic with your spending, tions and predictions regarding its according to the expected ROI.

During a recession, customers and minimizing people find themselves desperate your presence in the market for good news, positive developwill only make your brand less w ments and hope that things will get vvisible, which consequently better tomorrow. We end up living harms your public image.

If in a negative environment, which you want people to find you, inevitably leads to an even further you need to let them know deterioration of the situation. MainInfo: Andrey Dashin is the your company. It is a great opportunity to evaluate taining a negative attitude towards any situation founder of ForexTime Ltd FXTM , your current position and rethink your approach.

The content of this article any business but we tend to forget and underestito move forward. Audiences change, trends Instead of over-thinking and over-analyzing misunderstood as investment advice. Why not seize the opportunities that arise and use the previous in market space. Therefore, embrace the opportunities for change given to you by the recession and re-establish your business.

It is all about perspective. In the only be identified by an open mind and a positive attitude. It is up midst of a crisis, you can choose to reset the system and start to the optimist, the fast-thinker, the mentally strong, the one who from scratch. Go back to basics with the knowledge you have cannot bear to lose — the great leader drawn from your recent tortur— to look for ways to get out of the big ous experience.

So we decided that we needed to think pragmatically and proactively about this new area in which auditors were going to have to be involved and to which their clients would be subject. ICAEW concluded that it would be helpful to develop a consistent framework that could be used by auditors who would be aware of what was viewed as best practice across the industry. Banks in particular may have to change or build new systems, adjust the way they look at risk, get various parts of the organisation talking to one another when they may not have had to do so before.

In some ways, is just around the corner. Although we may not see its impact on the market for a while, there is already a lot of work going on behind the scenes. Put simply, this means that where previously we would have had backwardlooking indicators and an event would have to happen before a bank would be required to make a provision against a loan, the bank will now have to make a forward-looking assessment of how they expect borrowers to be able to repay it or where there may be difficulties.

That is going to require a lot more information, experience and judgment. Similarly, the stricter requirements governing Tier 1 capital ratios are part of the same trend. The purpose of any change to financial reporting standards is to improve them and efforts are being made to ensure that financial institutions around the world are functioning in the same way. But that means that we all need to prepare for a major change such as IFRS9. That naturally includes banks, companies and auditors in Cyprus and I am very happy with the interest shown by our members here.

But just clients, your partners, your as your mother knows you inside employees — think while you out and wants the best for you, so are running around in search of does a qualified and knowledgeable the perfect bride? On the other business intermediary, when he has hand, your mother would be spent enough time listening and very discreet when talking about understanding your business. Once you, as a business intermediary you open your books and explain the would.

Business intermediaries are well And what about your raconnected. Through their affiliatios and financials? Have you tions, their network and their attendthought about calculating them ance of conferences and industry or do you think your perfect forums, they know who is out there bride would never ask?

These need to be well-prelooking at your business, in the same way that Info: Marios Chiromerides is sented and verified, since past performance is most your mother networks during her tea parties and Managing Director of Connecor Investments in Cyprus, a business probably of the essence regarding your future chats with her lady friends about their mature, transfer agency providing expert promises!

How about your existing business? You would do Your mother is definitely going to paint a rosy ownership of a business or company changes hands. A business intermediary can do the same. If never materialize. If you wait too long,. Extremely high leverage and debt levels, in conjunction with years of poor management and inefficiency, have resulted in an urgent need for corporate restructuring.

For Cypriot companies, the economic environment in recent years has brought growth and expansion to a halt. The crisis has turned the spotlight on CFOs and raised their profile and their importance within organisations. Corporate turnarounds Management and debt restructuring Forum, presented for Cypriot companies by EY, organised by. These new developments also mean that Cyprus is on track with the bailout agreement; however, there are grey areas in the new legislation that creates ambiguity regarding what exactly general managers and CFOs must understand in these new laws in order to help their business move forward.

Nowadays, the CFO has the most important role to play in turning around a troubled corporation. There is probably no other time when the role of the CFO is more critical, more demanding and, at the same time, more professionally rewarding than in a turnaround situation. The 11th CFO Management Forum aims to help companies resolve urgent situations and implement change so that they can return to solvency.

Financial distress has been lingering over Cypriot companies for some time, and it is time for them to reset their ambitions from survival to success. Mountis, Partner, Dr. Explaining that local firms may enhance their products and services, strengthen their relationships with clients and ultimately increase both revenue and profit, the question — Cox stressed — is not whether a 24 GOLD The Business Magazine of Cyprus.

For this reason, he explained, those who make the move towards full telecommunications and IT integration will benefit from an elevated market share and prominence, essentially gaining an advantage over competitors who have yet to develop this aspect of their business.

The beauty of these processes lies in the fact that they may be applied to all traditional businesses and are in no way limited to tech start-ups, Cox affirmed. Though the benefits of IT and telecom integration are clear, the question remains: what precisely is digital? Far from being a disadvantage, this vague definition of digital actually encompasses its.

TN has made a strategic move to expand its offering from telecommunications alone to IT solutions for business clients too. What was the thinking behind this? Andreas Neocleous: For the telecom-. Next generation telecommunications is radically changing the communications ecosystem, because it allows the integration of traditional products with content, broadband, data and business.

The integration of a leading IT technology company means that we can utilize both the spectrum of its services and its specialised staff. We aspire to be a lifetime partner for our customers, leading and inspiring their growth. Give us some examples of the services that you are offering.

Through the acquisition of IBS, MTN Business has enhanced its portfolio to meet its strategic needs in a comprehensive manner: From now on, we are offering not only the usual telecommunications solutions mobile and fixed telephony, data services, and Internet connectivity services but also ICT solutions, i. Certainly the Cypriot market includes several notable. The convergence of telecommunications with IT would be incomplete and unfeasible without the existence of a reliable high-speed network such as 4G, which enables full business mobility, ensuring high quality communication without physical constraints.

What has the reaction from clients been so far? The feedback so far has been extremely positive. At a time of recession, companies are interested in. Our proposal offers an opportunity to unify all the cost centres of technology, thus creating economies of scale. What was the main focus of your recent presentation in Limassol and Nicosia? Our aim was to explain to our interlocutors, executives of both large and smaller enterprises, local and multinational, that the use of combined telecommunications and IT solutions saves on costs, creates additional profit and changes the terms of market competition.

In the contemporary business environment, the IT capacities of companies define their future. Therefore all companies are in search of the right move and during our presentations at the conferences, we tried to explain why integrated ICT services represent the right step for the future of every contemporary business. George Agathangelou: By joining forces with a telecommunications leader, we have reinforced our market position while broadening our prospects.

Today, conditions are ideal to take the huge step ahead As a result of our common course, IBS has enriched its portfolio with a wide range of MTN Business telecommunications products and services. Indeed, we were one of the first companies in Cyprus to foresee that technology could assist business development. Since then a lot has happened: tele-. Today, conditions are ideal to take the huge step ahead.

The growth dynamic. How significant is the fact that companies no longer need to have their own dedicated IT specialists and can leave ICT issues to you? This is the result of technological development;. IT professionals, just like doctors, have to be specialised in their field. Since companies cannot have dedicated IT specialists. Are your clients easily convinced of the benefits of what MTN Business can offer them or do they still need persuading? Avgoustinos Constantinides: Our clients only have more to gain from the economics of scale created by the inclusion of telecommunications in a comprehensive solutions package.

Both the management and the. As Cloud services become more widely accepted and adopted, what do you see as the next technological developments that MTN Business will be promoting? In this new era, MTN Business will contribute to the re-shaping of the industry and reinforce the role of Cyprus as a regional services hub.

Our aim was to propose ways in. Do you provide tailor-made solutions or do you offer a suite of facilities from which companies choose what best suits their needs? We provide both. On the basis of a selected ICT solution package, we are in a position to specialise each service in such a way that it fits the profile and the needs of every company.

This is the magic of ICT, in that. In general, the unification of telecommunications with IT has rapidly changed the scene. The high speed of the new 4G network promotes the development of new functions, applications and services without any time or space constraints. A series of innovative solutions based on digital technology will be at the disposal of both individuals and companies.

At MTN Business, the plan over the next year is to reinforce our position in the market. We plan to become the preferred technology part-. A company has limited resources, both human and financial. It therefore needs to prioritize them properly, with the main focus on increasing its clientele and producing wealth. ICT comprehensive solutions can benefit every single small or large enterprise that is concerned about its future. As times have changed, so too has Limassol, and today it enjoys a worldwide reputation as a leading international business centre.

On the following pages we present our updated and expanded list of more than companies, which vary in size, turnover, employee numbers and ownership but are all. In a number of cases, the companies refused or were unable to provide certain details. In such cases the information was correct in Gold: The LCCI has traditionally played an active role in the development of Limassol since its establishment shortly after Cyprus gained independence.

How is it continuing to promote the city, especially since the events of ? Since the events of and the squeeze on state finances, the challenge now, more than ever before, is to facilitate the realisation of projects that do not require state expendi-.

In the case of the Pentakomo Techno Park, for instance, the initial idea was for the state to expropriate privately owned land — an. The Limassol Chamber proposed that instead of that, private land needed for the park could be exchanged for state land elsewhere. This was accepted, thus paving the way for the realisation of the project. Gold: What have been your priorities in the nine months since you became President? We have been active on both fronts, meeting with members and providing solutions and actively lobbying for development projects in our district, whether the Pentakomo Techno Park or the expansion and upgrading of Limassol Port.

I should also mention initiatives in support of the Cyprus University of Technology, in addition to the launch of Entrepreneurial Limassol, our monthly newsletter with information about Limassol business activity. Gold: We often hear about the many international companies based in Limassol and there is no doubt about the value they add to the town and the local economy. Does the LCCI make specific efforts to attract more companies to the town?

We are always keen on having more international companies coming here and I think this is best achieved by retaining our good reputation, bearing in mind that the international companies that are already here are our best ambassadors abroad. This objective is also being promoted through our international connections and cooperation agreements with Chambers from other countries, as well as the commercial departments of foreign embassies in Cyprus, with which we have excellent cooperation.

One such distinction will be awarded annually, beginning this year. Gold: Do you consider that Limassol is, in some way, in competition with the other towns on the island? We naturally do our utmost for our area of jurisdiction — the district of Limassol — but we have always been in favour of decentralisation, with each district getting its fair share and all experiencing balanced economic development.

Of course, where we see injustice being done against Limassol, we are up in arms in defence of our district! That happened when the idea arose of moving the Techno Park to the University of Cyprus in Nicosia and, more recently, with the proposed bill on shop opening hours which discriminated against Limassol and over which we did not at all hesitate to strongly criticize our own Limassol MPs. Gold: Are there new projects in the pipeline — either from the private or public sector — that will continue to improve Limassol for its residents and for the country in general?

So is the expansion of the land area of Limassol Port, which will significantly add to its cargo handling capacity and, should the need arise, cater to the needs of companies supporting the hydrocarbons industry. The Limassol branding project is also progressing well under the umbrella of our Chamber. And then, of course, there is the casino-resort which Limassol is well suited to host, should that be the choice of the investor who will carry out the project.

Also on our agenda is the issue of accessibility, that is, making Limassol friendly to disabled people, a project we are pursuing in cooperation with the municipal authorities and are seeking to place in the context of a European Programme. And certainly the positive attitude of the local people has also played a role, especially in terms of making Limassol attractive to foreign entrepreneurs and their families who really feel at home. Gold: On a more personal level, what is it about Limassol that makes you happy to live and work in the town?

Tim McClure. A multifaceted group of Developments, Construction, Lifestyle and Entertainment based in Limassol, it is one of the largest and most successful privately-owned construction companies on the island. Founded in Famagusta in as a welding consumables factory, the Group of seven companies now trades under the Interweld brand.

It currently exports manufactured goods to over 15 countries. ABB is a global leader in power and automation technologies with a presence in Cyprus through its Limassol operations. Based in Zurich, Switzerland, the company employs , people and operates in approximately countries. The Maritime Center, , Omonia Ave. Trading in Cyprus for more than 50 years, it has built a top notch reputation based on quality for truly distinctive furniture with excellent customer service and is one of the largest furniture companies on the island.

Kypros Satellites was incorporated in October , with a vision to build, launch and operate a global constellation of satellites. It is licensed to use orbital slots registered through the Cyprus administration and has been granted priority rights to over twenty orbital slots by the International Telecommunications Union.

ASBIS owns the Canyon and Prestigio brands, which include a large variety of consumer electronic products including smartphones and tablets. AP Kypros Satellites Ltd. Many companies, international and local, have their head offices here and certain industries of the Cypriot economy, like shipping, are mainly based in Limassol. It has also developed on many fronts; it is a beautiful city to live in, with plenty of opportunities for social and professional interaction, it is safe and all this with the Mediterranean Sea as the backdrop.

Moreover, Limassol is diverse and people from all over the world chose to live and work here. There is a sense of great pride in the city, the community, a general positive behaviour and open-mindedness by its people. In Limassol we understand that being a successful business centre is not all about economic activity — it is also about the high quality of living.

It is about the bigger picture. AtlasCapital, incorporated in October , is a member of AtlasGroup, one of the most renowned business conglomerates in southeast Europe. It has twenty years of experience in investments and commercial banking, as well as real estate investments. Founded in , the company has grown to become one of the largest local contracting companies, having expanded its operations to include building, civil, electrical and mechanical engineering, as well as real estate development.

The company employs more than people in Cyprus. Hanseatic House, , Spyrou Araouzou St. Originally established in , the Limassol branch became an onshore branch in early under new regulations related to Cyprus' entry into the European Union and the adoption of the euro.

The branch's activities focus on corporate, commercial and correspondent banking services. Marinopoulos S. Carrefour Cyprus has a major presence with 18 stores on the island. Producing a full range of dairy products, from fresh pasteurized milk and yogurt to cheese and cream, it is the largest dairy in Cyprus. It is an innovative food company, following international quality and expertise standards and providing consumers with products of high nutritional value.

Chaston Trading Ltd is a part of an international company holding which is engaged in import and export, energy resources transactions, investments in oil and gas production, usage of renewable energy resources and forwarding services. Founded in , Chr. It recently celebrated its 65th anniversary. Distributing and retailing many popular products such as Lays and Cheetos crisps as well as many ownbrand products, it is a member of the PepsiCo International group, employing around personnel in Cyprus.

It is part of the Deloitte global network, with more than , people in over countries. It recently opened a large supermarket in Zakaki, Limassol, catering to the needs of local households. It also owns a management company and is in charge of short- and longterm rentals and the provision of full maintenance support. Zavos also owns 15 business centers. Since , it has been revolutionizing currency trading in over countries. A pioneer in developing Forex as a consumer product, EasyForex continues to lead with customized technology and personal service tailored to all levels of traders.

CEO Christis M. Linopetra Industrial Area, P. Testament to this is the fact that the city hosts the vast majority of foreign banks, fiduciary firms, Forex traders and a wealth of other businesses engaged in international business in Cyprus. Whether this has to do with the business-friendly approach by the local authorities, the good quality of public infrastructure, the cosmopolitan atmosphere which has always been attractive to foreign business people, or whether it all comes down to the famous Limassolian mentality, one thing is for sure: Limassol today provides an unparalleled combination of business and living excellence.

One of the largest wineries on the island, ETKO was founded over years ago. Established in , the Group specialises in consumer products, manufacturing home and personal care goods, including its own label cleaning products, as well as food items. With two locations in Cyprus, it uses its international standards of excellence to serve and grow the local market.

Over the last 20 years, the company has built a global distribution network extending to more than 75 countries in all continents. With 8 showrooms in all towns, Fairways has had a major presence in Cyprus for over 35 years. It began operations in the Cyprus Insurance Industry in May Direct Insurance basically cuts out the middleman involved in the process of issuing an Insurance Policy.

With no middlemen, commission or credit costs, savings are passed directly to the Customer. Gan operates mainly online and via telephone. Established in , the G. One of the leading construction companies in Cyprus with major operations both locally and overseas, the Group was founded in It specialises in construction, civil engineering, asbestos recovery and property development. Pallas House, Aristophanes St. Founded in , it owns the biggest meat processing factory in Cyprus, delivering a broad range of processed and cooked meats to the local and foreign market.

In addition to its 19 branches in Lebanon, it also operates a branch in Limassol since January Specialising in property management and interior design, it has won several Cypriot and European awards for development and design. Petersburg and elsewhere. Petersburg and employs over shore-based employees and over 3, well-trained and experienced seafarers. Principally a ship-owning company, Intership has also expanded into third party management for a small number of European, American and Asian owners.

Headquartered in Cyprus, it operates as an absolute electronic trading environment for retail investors and institutional partners, delivering trading functionality, market reach, depths of liquidity, speed of execution and robust IT scalability at competitive trading costs.

Based in Limassol, its clients are located all around the world. Engaged in the production and supply of sand and gravel for use in the construction industry, the company distributes ready-mix concrete and asphalt for road construction, and is also involved in land development.

One of the most complete and modern wineries in the world, Kamanterena Winery SODAP is equipped with high-tech machinery and the latest technology in Winemaking, enabling it to produce wines of the highest quality which have earned an array of awards in wine and spirit competitions. Hartmann House, 32, Miltonos St. With a global network of representatives throughout Europe, the Americas, Asia, Australasia, Africa and the Middle East, the company provides a large range of services that cover anything from basic transportation to major logistics projects.

Founded in , KEAN remains one of the largest and most popular beverage suppliers on the island and an established exporter to 46 countries. It extracts fresh citrus juice, manufactures juices, nectars, still drinks and soft drinks. The KEAN Group imports and distributes a variety of chilled, frozen and ambient foods for the retail and food service trade.

Producer and importer of beer, wine, spirits, juices, mineral water, soft drinks and canned food. One of the largest beverage supplier on the island. Established in , it is now a household name for both locals and millions of tourists. Korpus Prava Cyprus was established in It continuously takes important steps to ensure that KPMG delivers market-leading, world-class professional services that are aligned with the changing needs of its clients and global markets.

Established in , it provides a complete range of electronic security solutions. The Lanitis Group was established towards the end of the 19th century and is currently under the leadership of the fourth generation of the Lanitis family. It is is currently one of the top three shipping agencies in Cyprus, providing services that include Port Agency, Forwarding, Husbandry, and Technical Support.

Headquartered in Limassol,Lemissoler Navigation Co. The Group specializes in the formation and management of investment funds that invest in various sectors of the shipping industry. A, Athena S. It markets and distributes high-quality and innovative brandsall over Cyprus through its own distribution network.

Ypsonas Industrial Area, Epimitheos St. Sole distributors of Isuzu, KIA, Cadillac and Hummer vehicles in Cyprus, it is one of the most successful and popular car dealerships on the island. Principally a ship-owning company, it has expanded into shipmanagement, while holding a substantial ownership in the Cypriot investment company Navinvest Holdings Ltd.

One of the largest private hospitals in Cyprus, it was established in Established in , it develops, licenses, manufactures, markets and distributes branded generic and super-generic pharmaceutical products as well as its own patented brands. Today it combines a vibrant business community, led by the shipping industry, with an increasingly attractive tourist destination.

I believe that it has all the attributes to continue its strong growth and dynamic contribution to the Cyprus economy at large in the coming years. It provides architectural services from concept development through to complete detailed design in key areas, such as commercial and industrial developments, private housing and restoration works. MTN Business delivers a wide range of Telecommunications and IT services that adjust to the needs of every business, as well as infrastructure hardware that supports them.

Muskita Holdings is active in a range of sectors including the aluminium industry, through its operations in Cyprus and the United Kingdom; the hotel industry, through its hospitality institutions in Cyprus and Greece; and the real estate market, with assets in several locations across the island. It is an integrated company active in the manufacturing and engineering industries and the exclusive manufacturer of Nemitsas pumps,which are exported worldwide through an established network of agents and distributors.

The company is also a leading agent, supplier and service centre of a variety of engineering products. From its origins as a small pastry store in Limassol in , New York Sweets has grown into an organisation with a network of seven stores across Cyprus, specializing in the art of creating sweets with exceptional quality and design. Corner Anastasi Sioukri St. Ariadne House, 2nd Floor, , 28th October St.

This exclusive residential complex features swimming pools, a country club, a tennis court, a restaurant, designers shopping piazza and a spa with a roman bath. Specialising in civil, environmental, structural and foundation engineering, the company has been responsible for the design and site inspection of a wide variety projects all over the island.

One of the biggest companies in poultry and meat production in Cyprus, it distributes fresh and frozen products all over the island. As a member of various professional organisations globally and maintaining strong links with local and foreign associates, its highly skilled lawyers can provide clients with specialized comprehensive solutions on national and international legal matters. Patrician Chambers, , Agiou Andreou St.

Andreou Digital Printing Services Ltd. Comprising Pierides in Light and Pierides Electrical, it distributes wholesale electrical supplies and lighting equipment, supplying products from brands such as Clipsal, Fermax, Siemens, Masiero and Italamp. Founded in , it designs, sells, installs and maintains electronic security systems. Headquartered in Limassol, it serves clients all over Cyprus. Established in , it is one of the major accounting and consulting organisations in Cyprus.

A member of PKF International, its clients range from public companies and multinationals to small businesses and start-ups. Founded in , the company has invested in an advanced network that remains one of its most competitive assets.

Xenopoulou St. It is one of the Russia's leading privately owned banks, ranked 11thamong the largest Russian banks in terms of assets. The branch in Cyprus was launched in , holding a full-scale banking licence. City House, 6, Karaiskakis St. The bank operates branches in Nicosia, Limassol and Luxembourg. Established in , it has built a reputation for quality third-party ship management. It is a leading pharmaceutical company dedicated to the development, production and sale of high-quality generic pharmaceutical products.

Comprising Salamis Lines, Salamis Shipping, Salamis Tours and Salamis Cruise Lines, the Salamis Organisation has built an empire of companies based upon its strong network of diverse shipping services. Aharnon St. Katsounotos St. As Cyprus emerges from its worst financial crisis in living memory, it is the entrepreneurship and dedication of the people behind the companies that will re-ignite the economy, bringing renewed prosperity to the city, its inhabitants and the country.

The Cyprus International Financial Services Association CIFSA believes that Limassol provides an excellent location for international financial services, by bringing together so many of the ingredients necessary for companies and individuals to flourish.

Established in Cyprus in , it works with clients in Central Eastern Europe, Balkan countries, Cyprus as well as in the MENA region and employing a team of approximately 45 professionals, speaking over 21 languages in total. Schoeller Holdings Ltd is a private investment company with investments in 50 trading vessels, Columbia Shipmanagement Ltd and other shipmanagement companies, liner operation companies such as AAL and Bengal Tiger Line.

It also owns and operates hotels in Cyprus and Germany and restaurants in Cyprus. It also operates the only privately owned marina on the island. It also caters for special occasions including weddings, christenings and parties.

The biggest shopping mall in Cyprus, My Mall opened its doors in and has since revolutionized the shopping experience. Incorporating shopping, dining and entertainment, My Mall has become one of the top destinations in the city. The city has the reputation of combining a good business environment with a high quality social life, a very good quality family life, with good schooling, sports and leisure for children.

The construction of luxury apartments and villas has attracted High Net Worth Individuals, either to live here with their families or to use them as holiday homes. The development of Limassol Marina and the seafront has put the city on the map as one of the leading upmarket holiday destinations in the Mediterranean. In addition to its business-friendly environment, Limassol is also the carnival city, home to the Wine Festival and it has more restaurants than the rest of the island put together.

Why not choose Limassol?! Part of the Trikkis Group, it was founded in and is involved in the production of energy with RES, through the design, import, distribution, installation, supervision and maintenance of photovoltaic systems. The company is actively involved in all aspects of Ship Management. Tototheo House, 89, Omonia Ave.

Specializing in catering equipment and tabletop supplies for hotels and restaurants, Virardi focuses on the design, supply, installation of its products plus top-quality after-sales service. Windsor Brokers Ltd. Established in , it is the largest and one of the best equipped private hospitals in Cyprus. It has since expanded to Limassol and now sells, repairs and rents any kind of warehouse handling equipment, both used and new, in local and foreign markets.

In , Antonis moved back to Cyprus and started working as a project manager and technical director for a contractor in Limassol until when he finally formed his own company in Limassol known today as Antonis Askanis Ltd, followed by Askanis Developers Ltd and more recently Askanis Management Services Ltd. Amongst them are Le Meridien Hotel and Spa, where the company took over the construction of the east wing extension of the hotel.

Major extension work was executed also at the Four Seasons Hotel in Limassol where the west. Renovation work was also performed at the Amathus Beach Hotel in Limassol with the construction of the indoor pool and the reconstruction of the lobby area among other works.

The company has undertaken the refurbishment and reconstruction of buildings of historical importance such as Paphos Harbour, the winery building at Zoopigi and the Platres Cultural Centre. Antonis Askanis Ltd also undertakes the quality construction of luxury residences, custom-built to the most exacting specifications and individual requirements. The company restored the building which houses the library of the Cyprus University of Technology, which was one of the very first buildings acquired by the University.

Antonis Askanis Ltd has undertaken the construction of various churches including Agia Anna, a striking church which stands proud with its Byzantine architecture. Other church work includes the renovation and extension of. In recent years, Askanis Group has moved into real estate development of its own through Askanis Developers Ltd.

Since , the company has completed projects in the centre of Limassol, at Palodia and Ayios Tychonas and has acquired the former King Richard hotel on the beachfront next to the Four Seasons Hotel which the company converted into the luxurious apartment building now known as Savoya.

Opera is now in the final stages of completion and comprises apartments, penthouses, maisonettes and beach villas. Box , CY - Limassol Tel. BSM Cyprus currently employs more than personnel and provides an array of ship management and technical management services to its clients. BSM Cyprus has been synonymous with quality since its establishment. Hence, attracting, retaining and developing competent seafarers has always been at the top of its agenda.

To meet its own stringent requirements and that of the industry, the Hanseatic Marine Training School was established in Limassol in Today, renamed as the BSM Maritime Training Centre, the school trains over 3, cadets annually and offers a state-of-the-art training facility that replicates the sea-based environment to bet-.

Bernhard Schulte Shipmanagement is a highly integrated maritime solutions leader which is part of the Schulte Group, a leading, family-owned, worldwide ship owning and ship management company. Overall, BSM employs over 20, people both onboard and onshore, owns over vessels, manages a fleet of more than ships across multiple sectors, including gas, tankers, offshore and bulk carriers, and provides comprehensive ship management solutions through an infrastructure of ship management, crew management and training centres in over 30 locations around the world.

Our highly expe-. Maritime Solutions powered by people An ocean of expertise dedicated to safe, reliable and efficient ship management. The firm also advises the Cyprus Government on many specialized fields of law, and was recently was engaged to help draft the Insolvency and Examinership legislation, as well as the legal framework for casinos. It further advises many local public bodies and utilities on administrative and labour law matters.

The firm has also been very active in the field of corporate re-organisation, and mergers and acquisitions; recent examples include the sale of a stake in the Cyprus Development Bank the firm acted for the buyer , and the sale of a majority interest in the owning company of the Amathus Beach Hotel. In addition,. In the field of corporate finance, it has advised Cypriot companies and investment banks in relation to the offering of securities in the form of shares, depositary receipts and bonds in international markets such as the London Stock Exchange, Nasdaq, Oslo and Tel Aviv, and has acted as counsel to major banks in their capacity as lenders to Cypriot companies for major corporate debt re-organisation.

The firm advises major financial institutions on their obligations under the Cypriot Securities. AND P. Its clients include J. It specializes in disputes involving corporations, banking, trusts, shipping, tax, personal injuries, administrative recourses, and high-value claims. Regarding the latter, it won one of the highest in value judgments ever awarded by a Cypriot Court. Moreover, it has substantial expertise in the field of environmental legislation, energy law and competition law.

It is often called upon to advise the maritime authorities of foreign countries as well. Recently, it was instrumental in the drafting of the new Tonnage Tax Law, approved by the European Commission in The firm also offers, through an affiliate licensed by the Cyprus Bar Association, administrative and corporate services, such as company formation, secretarial, book keeping and relevant services, as well as immigration and naturalization services.

The services are offered to the highest standards of compliance with the relevant legislation and international transparency standards. Combining innovation with established traditions, it has been a leader in the legal market and trusted by major players both in Cyprus and abroad. CDC prides itself in the expertise of its partners who are leaders in their field. In Girl with a Pearl Earring, Vermeer used the Fibonacci sequence to create a composition of perfect proportion, harmony and beauty.

The more we can understand the complete picture, the more we can appreciate it. Using advanced data analytics, our auditors can look beyond the obvious and apparent, delving deeper into underlying patterns and trends to deliver a high quality audit.

Rapid growth followed and, eventually, the vision was successfully implemented turning G. In parallel to its Cyprus operations, the Group has directed its efforts towards other countries. Currently, G. Involved in providing an extensive range of services, G. Akis Express is the largest domestic express courier company in Cyprus with over 25 years of experience and a network of 70 service points island wide, delivering throughout Cyprus.

THE G. Operations are carried out at Nicosia customs, Limassol and Larnaca port as well as Larnaca and Paphos airports. Business Solutions, G. Vassilopoulos can your help your Vassilopoulos GroupGroup can help company reduce its transaction company reduce its transaction enormously: costscosts enormously: y Competitive exchange y Competitive exchange rates rates No same day transfer y Noysame day transfer fees fees No correspondent changes y Noycorrespondent changes fees fees y Market comments to keep y Market comments to keep you you updated updated y Quick Responses to enquiries y Quick Responses to enquiries.

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Of these, 18 are tankers and the rest dry, mostly bulk carriers ranging from 5,dwt all the way up to ,dwt cape-sizes, plus around 20 general cargo vessels. In addition, Intership partly manages an additional fleet of ships on a crew management basis. The company also stands at the forefront of technical and commercial innovation. As well as designing its own ships, Intership has been able to partner leading suppliers and technical bodies in introducing new equipment and systems that improve efficiency and reduce environmental impact.

One such innovative project will see the conversion of two pneumatic cement carriers to LNG propulsion. Intership has always strived to maintain close relations. Today, Intership offers tailor-made solutions and enjoys long-term relations with its partners. In some cases, relations have grown beyond shipping, to the extent that Intership today manages a power plant in Jamaica for one of its shipping customers. Intership co-ordinates its global operations with a network of technical support offices in New Orleans, Montreal and Brisbane, as well as commercial and manning offices in Germany, Poland and the Philippines.

In addition, Intership owns and runs its own authorised training school in the Philippines. It comes as no sur-. For Intership, human capital is considered as its main asset. This programme is now well implemented in the company — offering a flexible work-hour scheme; on-the-job coaching for new employees; training for existing employees, as well as career planning tools.

With all this in its favour, CEO Dieter Rohdenburg justly believes that the company is well positioned to face the challenges of the future. The Kardex Group boasts several branches and manufacturing units in Europe, America and Asia and employs approximately 2, people in more than 30 countries worldwide. Throughout the years, the company and its product ranges have evolved significantly as the firm has gone from success to success.

Today Kardex manufactures computer-controlled automated storage and retrieval systems. The company offers a wide range of automated storage and retrieval solutions, each designed to increase productivity and maximize floor space, allowing its clients to become more competitive in their daily operations.

Kardex has designed, manufactured and installed more than , solutions across a broad spectrum of industries, proof of its market dominance. The Overseas Division has been based in Cyprus since and is responsible for sales as well as marketing, technical and software support services to the Kardex network of distributors to the Middle East and Gulf countries, Africa, the Balkans and Central Asia. Additionally, the Division is responsible for opening up new markets.

The vision of the Group is to make a positive contribution through time to the economy and society, based on development, innovation and quality, aiming to ensure a dynamic future perspective. This vision has been shared and followed by four generations within the Group, while continuously. The Group is also known for its humanitarian and social contribution to society, especially in the areas of culture, education and health.

Lanitis E. C Holdings Ltd has a diversified portfolio of investments through its various subsidiaries and associate companies. The role of Lanitis E. Established in , it formed the backbone of the Lanitis Group and is currently a diversified portfolio investment company. Cybarco is also one of the major contracting companies, not only on the. Its portfolio includes large-scale projects including office building blocks, hotels, hospitals, schools, airports, motorways, dams, power stations, etc.

Besides being a major shareholder, Cybarco is also the project manager and exclusive sales agent of the residential properties. Established in , the company has grown over the years into a multi-dimensional organisation, covering a wide spectrum of activities in the areas of travel, tourism and transport. Also its subsidiary, Amathus Aegeas, provides a comprehensive range of cargo transportation and logistics services.

Located west of Limassol in the Fasouri area, it consists of hectares of citrus plantations as well as 25 hectares of olive groves. It is one of the largest growers of top-quality citrus.

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Epiphaniou Public Ltd celebrates its year anniversary of a successful presence in the Cyprus market. We are grateful to all our executives, our customers and associates who have supported us through the years. Our commitment is to continue to offer quality and innovative solutions worthy of your expectations. A sincere Thank you to all of you. For 50 YEARS we supply the market with top of the range products and services for the construction industry.

Epiphaniou is a significant trading group with a strong name, credibility and a fine reputation in the local market. Our commercial departments are well established and enjoy a strong position in their respective markets. Timeless principles and values:. Meaningful notions that shape our philosophy and guide our individual and collective decisions and actions. Organizational Efficiency Experienced and capable leadership, proficient management, effective systems, and productive, well-thought of and tested methods exist throughout the organization.

World Class suppliers Excellent and long lasting relationships with important word class suppliers, leaders in their respective field. Flexibility We keep an open eye for new opportunities. We are constantly adjusting in response to new market needs by adding new products and services. Why work with us. Is there a way to leverage photovoltaic systems to keep the electricity bill we pay to a minimum? By continuously monitoring our electricity consumption, we can identify areas that create excessive or problematic consumption and therefore eliminate….

Skip to content. Box , Nicosia. Facebook Twitter. A complete range of construction and thermal insulation materials offering specialized solutions to professionals in the construction industry as well as to private consumers. The company provides innovative, premium quality indoor climate management solutions to meet the changing needs of our residential, commercial and industrial customers. Reinforcing steel bars and steel products are a traditional and primary activity of the company which makes it one of the main suppliers of the construction industry.

Transform your daily showering ritual with Grohe or Fima shower system. Classic lifestyle, gently interpreted. For people who are attracted by clean, simple, visually pleasing designs. Bathroom Furniture designed to address the special character of every room. Brands: Laufen, Vitruvit. Shelves, Soap dispensers, Bath grips, Parts Bathroom accessories and many more.

High quality product systems. Adhesives and grouts products for the professional installation of tiles and natural stone. View our collection of beautiful latest installations to get ideas for your project. Honesty, reliability and independence in your bathroom. Can a bathroom series have such characteristics such as honesty, reliability and independence?

If it is designed by Peter Wirz for Laufen, it… Read more. About us For 50 years, our company stands out as one of the leading suppliers in the sanitay ware and floors market. Read more. Sanitary Ware A wide range of choice in all kinds of sanitary ware items, covering every need of your most personal space.

Wash Basins Design and functionality are both crucial factors to be taken into account when choosing a Washbasin. Toilets and Bidets Smart simplicity. Urinals Contemporary urinals for public as well as private spaces, pay attention to design as well as efficiency. Wall and Floor Coverings Wall and Floor Covering products for commercial and residential use are the finishing touches that add colour and texture to your building, providing at the same time the sturdy surfaces you need.

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