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