Why Cyprus?

QATARBOCVTTICyprus going strong in 2010Total deposits increase by 20% (€11,8 billion) during 2010 asinternational investors illustrate their confidence in Cyprus“Our decision to proceedwith such a large investmentin Cyprus is due to the factthat the Cypriot economyhas not been affected to agreat extent by the (world)financial crisis. The Cyprioteconomy has opportunitiesfor growth.”Qatar's Emir, Sheikh Hamadbin Khalifa al-ThaniNicosia 21 April 2010“Russian tycoon Mr DmitryRybolovlev became thelargest shareholder in Bankof Cyprus, bought a 9.7%share of the credit business.On Monday, Bank of Cyprusreported that the companyOdella Resources Ltd hasacquired 45.3 million sharesfrom the stock of bankemployees (at the price of4,9 euros per share), thenbought a small stake in thebank, purchased in themarket. As a result, MrRybolovlev, being the ownerof Odella Resources Ltd,holds almost 9,9% ofBOCY’s capital.”“This terminal will turnCyprus into a regional oilproduct hub allowing us toexport products from thisterminal into other parts ofthe east Med” VTTI CEORob Nijst told a newsconference in the Cypriotcapital Nicosia. Vitol theworld's largest energytrader, plans to build an oilimport and distributionterminal in Cyprus.13