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Doing Business in Cyprus (Saudi edition)

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DOING BUSINESS C YPRUS<br />

93<br />

SAUDI ARABIA EDITION<br />

ECONOMIC ANALYSIS<br />

FIONA MULLEN<br />

DIRECTOR<br />

SAPIENTA ECONOMICS LTD<br />

Sapienta Economics is a Nicosia-based economic consultancy<br />

produc<strong>in</strong>g top-level analysis primarily on <strong>Cyprus</strong> for a range<br />

of prestigious clients, <strong>in</strong>clud<strong>in</strong>g banks, oil/gas majors, big four<br />

account<strong>in</strong>g firms and over a dozen embassies. Our services<br />

<strong>in</strong>clude bespoke consultancy and the monthly Sapienta Country<br />

Analysis <strong>Cyprus</strong>. Each month we take an <strong>in</strong>-depth look at prospects<br />

for political stability, government effectiveness, a resolution of the<br />

<strong>Cyprus</strong> problem, structural policies <strong>in</strong>clud<strong>in</strong>g natural gas, fiscal<br />

performance, debt susta<strong>in</strong>ability, bank<strong>in</strong>g sector stability and the<br />

latest economic trends. No other organization offers such breadth<br />

and depth of <strong>in</strong>ter-related issues. Sapienta Economics and its<br />

Director Fiona Mullen are <strong>in</strong>dependent, with no political ties <strong>in</strong><br />

<strong>Cyprus</strong> or abroad and no <strong>in</strong>vestment <strong>in</strong> <strong>Cyprus</strong> shares or bonds.<br />

Tenedou 7, No 401, Lykavitos,<br />

CY1055 Nicosia - <strong>Cyprus</strong><br />

Contact: Fiona Mullen - Director<br />

(+357) 99 338 224<br />

fiona.mullen@sapientaeconomics.com<br />

www.sapientaeconomics.com<br />

ENERGY<br />

DEMETRIS C. FESSAS<br />

ACTING DIRECTOR GENERAL<br />

CYPRUS HYDROCARBONS COMPANY (CHC)<br />

CHC is the National Oil and Gas Company of <strong>Cyprus</strong>. As a stateowned<br />

company, CHC undertakes the commercial management<br />

of the ownership rights of the Republic of <strong>Cyprus</strong> that arise from<br />

the contracts with which it has entered <strong>in</strong>to with oil and gas<br />

companies with<strong>in</strong> its Exclusive Economic Zone. The vision of<br />

CHC is aligned with that of the Government of <strong>Cyprus</strong>, which is<br />

to ensure the susta<strong>in</strong>able development of hydrocarbon resources<br />

present <strong>in</strong> the Exclusive Economic Zone of the Republic of <strong>Cyprus</strong>,<br />

<strong>in</strong> order to maximize the benefits for Cypriot society and future<br />

generations.<br />

53 Strovolou Avenue, Victory Build<strong>in</strong>g,<br />

2018 Strovolos, Nicosia - <strong>Cyprus</strong><br />

Contact: Demetris Fessas –<br />

Act<strong>in</strong>g Director General<br />

(+357) 22 203 880<br />

d.fessas@chc.com.cy<br />

www.chc.com.cy<br />

EXECUTIVE EDUCATION<br />

MARIOS SIATHAS<br />

CHIEF EXECUTIVE OFFICER<br />

EUROPEAN INSTITUTE OF MANAGEMENT AND FINANCE (EIMF)<br />

The EIMF is an accredited and licensed Education Group that<br />

offers learn<strong>in</strong>g and development opportunities, <strong>in</strong>clud<strong>in</strong>g<br />

Global Qualifications, across an array of areas. EIMF possesses<br />

a strong concentration with<strong>in</strong> the areas of f<strong>in</strong>ancial and<br />

professional services (regulation, compliance, AML, bank<strong>in</strong>g,<br />

funds), account<strong>in</strong>g, legal, management, as well as Information-<br />

Technology through its New Horizons Computer Learn<strong>in</strong>g Centers.<br />

Knowledge is delivered by established subject-matter experts,<br />

through classroom, Live Onl<strong>in</strong>e, eLearn<strong>in</strong>g and customized<br />

learn<strong>in</strong>g solutions. With a presence <strong>in</strong> London, Brussels, Frankfurt,<br />

Belgrade, Copenhagen, Nicosia, Tel Aviv, Athens, Sofia, Dubl<strong>in</strong> and<br />

Bucharest and over 5,000 students annually, 330+ programmes,<br />

60+ <strong>in</strong>structors and 25 <strong>in</strong>ternational Certifications, make the EIMF<br />

a leader <strong>in</strong> the field of vocational education <strong>in</strong> the wider region.<br />

25 Megaron Street, 2032 Strovolos<br />

Nicosia - <strong>Cyprus</strong><br />

Contact: Marios Siathas -<br />

Chief Executive Officer<br />

(+357) 22 274 470<br />

msiathas@eimf.eu<br />

www.eimf.eu<br />

FINANCIAL ADVISORY<br />

DEMETRIS TAXITARIS<br />

CHIEF EXECUTIVE OFFICER<br />

MAP S.PLATIS GROUP<br />

MAP S.Platis Group is a lead<strong>in</strong>g f<strong>in</strong>ancial services consult<strong>in</strong>g Group<br />

with clients that <strong>in</strong>clude regulators, banks, funds and fund managers,<br />

<strong>in</strong>vestment firms, brokers, f<strong>in</strong>tech firms, <strong>in</strong>surance firms and payment<br />

and electronic money <strong>in</strong>stitutions. Our expert team, currently<br />

compris<strong>in</strong>g over 400 high-calibre professionals, provides unique<br />

and tailored solutions <strong>in</strong> licens<strong>in</strong>g, regulatory compliance, risk management,<br />

<strong>in</strong>ternal audit, human resources, regulatory technology,<br />

<strong>in</strong>formation technology, bus<strong>in</strong>ess resilience, <strong>in</strong>formation security<br />

<strong>in</strong>clud<strong>in</strong>g cybersecurity, governance, executive tra<strong>in</strong><strong>in</strong>g and <strong>in</strong>novation<br />

consult<strong>in</strong>g to f<strong>in</strong>ancial and other firms <strong>in</strong> the UK, <strong>Cyprus</strong> and the<br />

EU. Thanks to our vast regulatory compliance experience, cont<strong>in</strong>ued<br />

<strong>in</strong>teraction with regulatory authorities, unparalleled track record,<br />

global network of associates and wealth of resources, our team can<br />

support any client’s regulatory needs efficiently and effectively.<br />

74 Archiepiskopou Makariou C, Floors 2-3,<br />

Mesa Geitonia, 4003, Limassol - <strong>Cyprus</strong><br />

Contact: Herodotos Michael - Senior<br />

Manager, Authorisations and Regulatory<br />

<strong>Bus<strong>in</strong>ess</strong> Development (+357) 25 351 335<br />

<strong>in</strong>fo@mapsplatis.com<br />

www.mapsplatis.com

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