10.08.2015 Views

Why Cyprus?

Panikos Koursaris, Marfin Laiki Bank - Globalserve International ...

Panikos Koursaris, Marfin Laiki Bank - Globalserve International ...

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<strong>Cyprus</strong> in 2011-Positive signs‣ Income from tourism flourishing: 17% growth‣ 4% increase in company registrations in 1H2011‣ All Banks have opted for the PSI scheme (Private Sector Involvement) andalready wrote down relative provisions for their Greek Government Bonds –amidst strong operating profits‣ Corporate tax income up by 14% for 8 months‣ Investment flow into specific projects underway‣ €2,5bn loan from Russia with low interest rate15

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