Cryptocurrencies will likely continue to settle into stable products, niches and uses, becoming a viable alternative to many fiat currencies. Successful Business spoke to Vladimir Vishnevskiy, the Director and co-founder of St. Gotthard Fund Management that specialises in asset management including cryptocurrency investments, for his thoughts and forecasts on the future of this market. Why is cryptocurrency market capitalisation growing? Why do most people underestimate the importance of cryptocurrencies? I think what we see today is a result of several…

We bring to your attention an editorial article published in January issue of SUCCESSFUL BUSINESS magazine. The magazine is published on a quarterly basis since 2011. This year is special for our magazine. We will celebrate our 10th anniversary in April. This issue is also special: for the first time in the publication's history we publish an issue in English only. It is addressed not only to the Russian business community, but to the wider expat business community of Cyprus.…

According to the Financial Mirror there are three industries that could revitalise the Cypriot economy in 2021 and beyond. ECOMMERCE AND ONLINE SERVICES In Cyprus, over 79% of the population now use the internet, but only 31% of Cypriots made online purchases in 2019 according to the latest data. As a result, web-based trading remains a relatively small industry in Cyprus, but this means the sector is prime for growth. In 2021, expect businesses to embrace eCommerce, this can help…

There has been only limited progress made in countries that have implemented a partial lockdown this winter. This means that unless the widespread distribution of the vaccine begins, we do not forecast an appreciable decline in new cases without a full lockdown. FORECAST FOR 2021 1. The vaccines being developed and now deployed by Pfizer/BioNTech, Moderna, and Astra Zeneca/Oxford appear to be the best hope of combatting the pandemic in the short term. We cannot say for certain if there…