Standard and Poor's- Cyprus

The first long-awaited upgrade of the Cyprus economy by the rating agencies for this Fall has finally arrived with the recent upgrade from S&P by one notch (from BB- to BB). Now we are only two notches away from the investment-grade (IG) market, which is a far cry from the ratings that we had back in 2013 during the banking crisis (CCC+), fi...

2016-09-21 George Theocharides Read more
Cyprus

 On March 31st, 2016 the Cyprus government has officially exited the Memorandum of Understanding (MoU) with Troika after a three-year period. During this time, Cyprus has received around €7.2 billion (out of a total of €10 billion available) with a very low-interest rate of about 1%. Evaluations though will not stop and will continue every six m...

2016-06-03 George Theocharides Read more
Greece

I participated recently in an entrepreneurial educational field trip to Athens that is organized by CIIM’s Entrepreneurship and Innovation Center (ENTICE). This is part of a series of educational field trips that CIIM’s organizes every year. The purpose of the trip was to visit various organizations (stakeholders) that make up the entrepreneuri...

2016-02-24 George Theocharides Read more

A little isle in the Mediterranean Sea has suddenly became one of the most important global financial hubs. Few decades ago no one could predict such a huge success: Cyprus is a home for 200 investment firms. They stay here despite strict financial control of the regulators and have survived the financial crisis. Let’s find out what keeps them h...

2015-11-05 Kira Vessiari Read more