Zak Lewis April 24, 2014 No Comments

April 2014 _ First Annual General Meeting of NBAC

On Thursday 10th of April 2014, NBAC had its first Annual General Meeting (AGM) at Mediterranean Hotel, Limassol. Having welcomed NBAC members and guests to the first AGM, the Board has presented the mission and objectives of NBAC. Subsequently, the Board has presented its members and details of NBAC program in 2014.

The agenda involved speeches by the two formal guests of the AGM. Mrs Fiona Mullen, Director at Sapienta Economics Ltd, economic research consultancy presented the current situation in Cyprus one year after the start of the economic crisis and the economic challenges and opportunities the Republic of Cyprus is facing in the next 5-10 years.  Mr. Charis Papacharalambous, Chief Executive of Cyprus International Promotion Agency (CIPA) presented the competitive advantages Cyprus has developed in order to attract international firms and investments to Cyprus and the actions currently taken by the country to further stengthen foreign investments in Cyprus. The speakers have then answered various questions by the participants.

The AGM concluded with a Coctail Reception, during which NBAC members connected with the speakers and invited guests and each other.

Doing Business is Our Priority

nikarosWith his visit to the UAE in full swing, President Nicos Anastasiades addressed state officials and business professionals at a dinner in Abu Dhabi last night, stressing that Cyprus really does mean business. He told the gathering:

“It is a distinct pleasure and honour to be at this dinner presentation on investment opportunities in Cyprus, organised by Logicom Group, with the support of the Embassy of Cyprus in Abu Dhabi.

I would like to thank you for your presence here, which demonstrates the traditionally close relations between the two countries and their respective business communities, and the mutual aspiration to enhance and further establish a solid and mutually beneficial economic partnership.

Cyprus and the United Arab Emirates’ (UAE) traditional bonds of friendship are based on mutual trust and respect. This official visit is certainly timely, and demonstrates the importance my Government, and I personally, attach to concretely upgrading these ties. We are here to deepen and broaden our cooperation, particularly in the economic field.  Read more

Chrystalla Georghadji: Time to Move On

giorkatsiAfter officially assuming the role of Governor of the Central Bank of Cyprus (CBC) yesterday, Chrystalla Georghadji commented on the goals of the CBC for the coming months, cooperation with the Government and the continued support of her predecessor, Panicos Demetriades.

Following Demetriades’ resignation on March 10, Georghadji – formerly the Auditor-General of the Republic – was promptly named as his successor by President Anastasiades.

During the official appointment ceremony, held at the Presidential Palace, Anastasiades described the current period Cyprus is experiencing as “historic,” reiterating the need for major reforms in light of the unprecedented challenges faced by the economy.

He added, inter alia, that “during these critical times for our national economy, we are called to adjust and function in the demanding European environment.” The President went on to say that the Government and banking sector must work to meet the demands of the people of Cyprus, who “are entitled to the greatest possible service from the state and its services.” Read more