Mighty Aphrodite!

Standing at the crossroads between Europe and the Middle East, Cyprus has been a great neighbor to both. Officially part of the European Union since 2004, the land of Aphrodite has reinvented itself over the last few years. Not content of being solely a historical and cultural center, the island is now a financial hub in the region, with an impressive portfolio of funds and foreign direct investment.

Cyprus: A growing European fund hive

While the genesis of the Cyprus funds industry dates back to 1997 the industry experienced its real growth over the last 5 years with the adoption of the latest European Regulatory Frameworks and the development of an ecosystem that can support a truly modern European fund hive.

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Foreign Direct Investment in Cyprus and the real economy

Cyprus ranked 8th out of the top 20 countries globally in Global Finance magazine’s “FDI Superstars 2018” for Foreign Direct Investments (FDI) performance and appeal. We have come a long way in the last few years, surpassing all international expectations since the banking crisis of 2013.

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IFRS 9 for corporates: Is the grass greener on the other side?

IFRS 9, the new financial instruments reporting standard, is widely recognized as having a profound impact on banks. But what about corporates? There is a common misperception that IFRS 9 will have little or no impact. This is not the case.

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