The Cypriot economy remains dominated by the attraction and utilisation of external capital. In recent years, the economy has been transforming so that rather than being dependent on a few sectors such as trade, agriculture, tourism and the public sector, it has added sectors such as technology, financial services, professional services and others as a critical means of diversification. In 2023, the reliance on external capital and Cyprus’ status as a safe haven for investors and refugees saw its greatest…

The Successful Business Leaders' Club comprises of two bodies: the International Business Executives' Board (IBEB) and the Economic Diplomacy Council (EDC). It consists of individuals who have worked with the Club’s Founder Natalia Kardash on one of her business projects. IBEB members comprise leaders and senior executives of both local and international businesses, both in Cyprus and abroad. Currently, over 85% of members reside in Cyprus. Board members meet online and offline, and all these meetings are included in the…

Europe is taking a proactive stance in the battle against money laundering / terrorist financing by introducing a new comprehensive Anti-Money Laundering (AML) package. This package comprises a series of legislative measures aimed at bolstering the region’s defenses against illicit financial activities. With a focus on enhancing cooperation, transparency and accountability Europe is committed to obstructing the efforts of criminals seeking to exploit its financial systems. The European AML package focuses on key areas of improvements. Firstly, it introduces a…

In this interview, Alexis Vafeades, a key figure in shaping Cyprus’ future, delves into the pressing challenges and ambitious plans for the nation’s transport and infrastructure. With a vision that extends beyond the congested streets of Limassol and Nicosia, Vafeades unveils a strategic blueprint aimed at transforming Cyprus into a dynamic hub of efficiency and sustainability. From pioneering public-private partnerships to revolutionizing the country’s transport system, his insights offer a glimpse into the transformative journey Cyprus is embarking on. You…