Areas of Practice

Publications

CYPRUS RIDES THE STORM AND STRENGTHENS SCOPE AS A SOUND FINANCIAL SERVICES AND BUSINESS CENTRE WITH GLOBAL REACH

 

The services sector continued to perform strongly. In evaluating the aftershocks of the global credit crunch Central Bank Governor said vibrations from such a convulsion cannot leave Cyprus totally untouched. Regarding the banking sector Governor said that it remains healthy. The strict monitoring framework has protected Cypriot banks from exposure either to risks of liquidity or to excessive investment dangers. The Finance Minister said that “we remain cautiously confident we will do much better than the rest of EU”.

 

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THE ECLIPSE OF CAPITALISM? NEW VISION OF MARKET ECONOMY IN A NEW ERA OF GLOBALISED FINANCIAL INTER- DEPENDENCE

 

The inability of the system to withstand failure of some of its prominent financial institutions leading to massive bailing out through state intervention has dealt a serious blow to a vision the free world has cherished for years.

 

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