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Cyprus News Agency: News in English, 13-08-26

Cyprus News Agency: News in English Directory - Previous Article - Next Article

From: The Cyprus News Agency at <http://www.cyna.org.cy>


CONTENTS

  • [01] Conference to stress Cyprus' importance as international business

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  • [01] Conference to stress Cyprus' importance as international business centre

    The competitiveness of Cyprus as an international business center and prospects for Russian companies and investors in the light of recent developments in Cyprus' economy, will be discussed during a conference organized by the Cyprus-Russian Business Association (Cyprus Chamber of Commerce and Industry) on 19 September.

    The conference, titled "The Future of Cyprus for Russian Business," aims to send the message that despite the developments in the financial sector, Cyprus is still in the international business map and can compete with countries with similar business environment such as Malta and Luxembourg.

    Speaking to CNA, Director of the Cyprus-Russian Business Association Antis Nathanael, stressed that the recent developments in Cyprus' banking sector should not be linked to the international business sector. "Although some companies", he said, "have left Cyprus, the majority continue their operations in the island, despite the outflow of deposits". As he explained, while a company can be based in Cyprus, its funds could be abroad. He also expressed the belief that with determination and dynamism that Cyprus will gradually recover.


    Cyprus News Agency: News in English Directory - Previous Article - Next Article
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