10 the international investment, business & finance magazine of cyprus

70 {money}

74 {business}

80 {economy}

84 {tax&legal}

92 {lifestyle}

14 16 20

issue 07 october 2011

50

FEATURES

UninTEndEd ConSEqUEnCESby Demosthenes mavrellis 22

ThE dEbATE: “WoUld GREECE bE bETTER oFF lEAvinG ThE EURozonE?”by Dinos andreou (yes) and andrew perry (no) 24

in nEEd oF A PARAdiGm ShiFTby marina theodotou 64 ThE SAliEnCE oF ThE lAmbSby eleni vickers 66

bRoUGhT To yoU by ShiPby peter economides 98

+ oPinion

50 | RECoRd-bREAkinG invESTmEnT in REnEWAblE EnERGyInvestors are putting their money where it is needed 56 | invESTinG in ETFS Exchange Traded Funds have created a world of opportunity for both retail investors and HNWIs.

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EdiToRiAlnEWS bRiEFinGCommodiTiES/FoREX WATCh

CovER SToRyPlAin SAilinG?ThE ShiPPinG indUSTRy in CyPRUSPAST, PRESEnT & FUTURE

26

the international investment, business & finance magazine of cyprus 69

{october 2011}

74 {business}74 In Search of ExcellenceGeorge Savvides talks about Fiducernter and problems facing the fiduciary sector in Cyprus77 Ready to be inspired? TEDx comes to Cyprus78 Everything for the HomeLeroy Merlin opens in Cyprus

70 {money}70 International Investment Success for Scotland’s Companies Sustained investment in Scotland’s companies has led to new jobs and help for almost 1,000 of the country’s companies72 The Yield Curve Tells AllThe Yield Curve is an important tool to forecast economic occurrences. What does it look like right now?

80 {economy}80 Return to 1930s Europe?The outlook for Europe over the course of the 21st century is far from encouraging

84 {tax&legal}84 Cyprus: A Credible Fund JurisdictionChristos V. Vasiliou of KPMG on the prospects for the fund industry in Cyprus88 Who is Processing Your Personal Data?Data protection legislation is an important component of EU privacy and human rights law

ISSuE

07

92 {lifestyle}92 First class stampsPhilatelic investment is back in vogue

money: extreme money: the masters of the universe and the cult of risk by satvajit Das 71

business: onward: how starbucks fought for its life Without losing its soul by howard schultz 79

tax & legal: the World’s best tax havens: how to cut your taxes to zero and safeguard your financial freedom by lee hadnum 86

lifestyle: a stolen life by Jaycee lee Dugard 97

+ BOOk REvIEWS