THURSDAY, 12 DEC 2019

 

CONNECT

Facebook Linked In Twitter
GAP_Group_2019_728x90px
Invest Cyprus 30/04-30/03/2019
IMH LTD

Elizabeth Spehar: We Still Have a Long Way to Go for A Cyprus Settlement

Costas Kadis: “Cyprus Seeks Regional Cooperation to Address Climate Change”

IMH LTD
GAP_Group_2019_468x60px

BUSINESS

brought to you by Deloitte

Case Studies: International Companies in Cyprus

Case Studies: International Companies in Cyprus

For the second panel of the Cyprus International Investors Summit today 29th June at the Parklane Resort and Spa in Limassol, Natasa Pilides, the Deputy Minister of Shipping of Cyprus in conversation with Mark O’Neil, President, Columbia Shipmanagement, Savvas Perdios, the Deputy Minister of Tourism and Andy Choy, President, ICR Cyprus Group/ Property President.

Altira Macau and Mocha Clubs discussed about the shipping industry, tourism in Cyprus, and investors shared their feedback on this investing experience in Cyprus.

Pilides explained that shipping is historically one of Cyprus’ most successful industries, being 11th largest fleet worldwide and 3rd in the EU, within the top 3 ship management centres in the world. Additionally, shipping revenues are reaching 7% of GDP, with 9,000 people employed onshore (3% of gainfully employed population) and 55,000 seafarers aboard Cyprus-flag ships. Pilides also said “there has been a continuous growth in the last three decades, with 20% of the world third party management fleet is managed from Cyprus”.

O’Neil of Columbia Shipmanagement, expressed his pleasant experience ever since he moved to Cyprus and commented on the hospitality, the weather and how the number of women employees is very high compared to other countries. “Women in Cyprus actually want to go back to work after they become mothers. In Cyprus grandparents are extremely helpful to the parents, and thus women can go back to work.” O’Neil also commented that the majority of Cypriots is highly educated, and thus recruitment here is easy due to talent.

Perdios mentioned that Cyprus should not only be attracting tourists during the summer months, and that the goal is to attract visitors all year round. He also stated that the government is currently having talks about direct flights to and from Cyprus within the EU, and they should be put into action very soon.

While answering questions in the audience, Choy interestingly mentioned that most of the staff hired for the casinos in Cyprus is locals that were given the appropriate training for different positions, instead of brining already trained staff from Macau.

 

MORE ON BUSINESS

Cyprus Seeds Brings to Cyprus Leon Sandler, the Executive Director of MIT Deshpande Center for Technology Innovation

On the 2nd of December Leon Sandler, the Executive Director of MIT Deshpande Center for ...

Launching a Next-Generation Company from Scratch

Hellas Direct presents The Limassol Star Speaker Show on Thursday, 12 December at the ...

CFA Society Cyprus Welcomed Its New Members

CFA Society Cyprus welcomed its 20 new members at a special award ceremony in Nicosia, in ...

FROM AROUND GOLDNEWS

   

Revolutionizing the Insurance Industry with AI

Cyprus FinTech Expo 3.0 The Cyprus FinTech Expo 3.0, which is to take place on Thursday, 16 January 2020 at Hilton Park Hotel, Nicosia, is presented by IMH. ...
   

Aramco Shares Jump in World's Biggest Ever Market Debut

Saudi Aramco's stock rose sharply as the world's biggest share listing got underway in Riyadh, rising 10% above the initial public offering price, the ...
   

Meet The Stars at The Limassol Star Speaker Show Tomorrow

Hellas Direct presents The Limassol Star Speaker Show tomorrow (Thursday, 12 December) at the Carob Mill Complex in Limassol. The world is moving fast, ...
   

Costas Kadis: “Cyprus Seeks Regional Cooperation to Address Climate Change”

Cyprus, as a small country, seeks regional cooperation in order to address climate change, said Minister of Agriculture, Rural Development and Environment ...
   

US Congress to Lift Arms Embargo On Cyprus

The United States Congress is expected to approve by Thursday the lifting of the embargo concerning the sale of US arms in the territory of the Republic of ...
   

Leptos Kamares Village Fireplaces in Winter

In the few winter days, if it’s cold outside, there is no better place to be than in front of a cozy fireplace; crackling wood, dancing flames and tiny ...
   

Can People Afford Medical Care in Your Country?

In the European Union (EU), 3.6% of people aged 16 and above reported unmet needs for medical examination or treatment in 2018, following data released by ...
   

Elizabeth Spehar: We Still Have a Long Way to Go for A Cyprus Settlement

United Nations Secretary-General’s Special Representative and Deputy Special Advisor Elizabeth Spehar said on Tuesday that “the inability to get ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

Altamira_High_02/12-31/12_300x250px
Gold_Digital_Edition_300x250px

IMH LTD