CIPA and Bloomberg promote Cyprus as a financial centre in London

Joint event at the international agency’s headquarters, in the presence of the Finance Minister

Investors showed a keen interest in an event organised in London by the Cyprus Investment Promotion Agency (CIPA) and international news agency Bloomberg to present the investment opportunities Cyprus has to offer in the financial services, shipping, energy, information technology and innovation sectors.

The event took place at Bloomberg’s headquarters, in the presence of the Minister of Finance, Mr Harris Georgiades, as well as other prominent representatives of the Cyprus and United Kingdom business community.

Under the general title “Cyprus: A growing financial centre in the EU”, the event hosted speakers from relevant sectors and representatives of the State, including Mr Constantinos Herodotou, Executiver Director and member of the Board Directors of the Central Bank, Mrs Demetra Kalogerou, Chairwoman of the Cyprus Securities and Exchange Commission, and Mr Andreas Yiasemides, Vice chairman of the Cyprus Investment Funds Association (CIFA). Participants also included the CEOs of the three largest Cypriot banks and of international companies in the shipping, energy and technology fields that operate in Cyprus, as well as representatives of the biggest audit firms.

The most recent positive developments in the banking system were presented during the event, such as the progress that has been observed in the management of non-performing loans and the projections of bank CEOs on the future of the economy, particularly in the field of financial services. Special reference was made to the measures that have been taken by the Central Bank to ensure a stable regulatory framework. Read more…