8 Gold THE INTERNATIONAL INVESTMENT, FINANCE & PROFESSIONAL SERVICES MAGAZINE OF CYPRUS

10 12

issue 18september

2012

FEATURE

THE TIMES THEY ARE A-CHANGING…by Demosthenes Mavrellis 40

DELUSIONAL HIGHSby Savvas Savouri 42

CHINA TO THE RESCUE!by Chris Hadjikyriacou 64

POINT OF CONTACTby Peter Economides 90

INVESTING IN HARD TIMESBy Dr. Don Taylor 26

RISKY BUSINESSWhat investors need to understand before parting with their money 30

NOW IS THE TIMEEthical and alternative investments are seeing a surge in popularity 32

+ OPINION

36 | CHINESE WHISPERS Profile of Yang Qi

50 | Limassol Economic Forum ‘What next for Europe?’

54 | THE CHALLENGE OF CONNECTED TVA major conference co-organised by the European Commission and the Cyprus RadioTelevision Authority will help determine the future of television.

56 | A STEP IN THE RIGHT DIRECTIONInterview with Emily Yiolitis, newly-elected Chairwoman of the Cyprus branch of the Society of Trust and Estate Practitioners (STEP).

60 | THE RELUCTANT ACCOUNTANTInterview with Loizos-Andreas Hajiloizos, Group Internal Audit Manager with Nest Investments (Holdings) Ltd

EDITORIALUP FRONT

18

68 {money}

72 {business}

78 {economy}

82 {tax&legal}

86 {lifestyle}

54

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Cyprus

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5686

INVEST?Wealth Preservation and Investment in Difficult Economic Times

WHERE TO

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{september 2012}

72 Lufthansa Group reports upward trend in earnings Losses reduced to €20 million.

75 Pearly Queen of the City’s season of celebrity bloggersVanessa Vallely is one of the most well-connected women in the City of London.

78 Challenging Times for BusinessInterview with Joseph F.X. Zahra.

ISSUE

1886

THE INTERNATIONAL INVESTMENT, FINANCE & PROFESSIONAL SERVICES OF CYPRUS Gold 67

68 {money}68 Eurozone: Back to Black The combination of public debt, a bank-ing crisis, and an economic crisis im-pedes quick solutions.

82 China and the Cyprus ConnectionForeign and Chinese inves-tors alike can make the most of business opportu-nities by using Cyprus.

84 Top Rates of Income TaxHow much you pay from Aruba to the UAR.

86 {lifestyle}86 Death by SmartphoneDespite the demise of the camera, we are all photographers in the digital age.

88 Island Life for BillionairesEight business tycoons who own private islands around the world.

MONEY: The Trouble with Markets: Saving Capitalism From Itself By Roger Bootle 70

ECONOMY: Grand Pursuit: The Story of the People Who Made Modern Economics: A Story of Economic Genius By Sylvia Nasar 81

LIFESTYLE: Skios By Michael Frayn 89

+ BOOK REVIEW

72 {business}

82 {tax&legal}

78 {economy}

gold_plus.indd 67 31/08/2012 12:36