IN Business Issue 103

THN & | TEYXO 103 | 2014

T 4.95 | 3.40 HN KYIAKH 7/9/14

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www.inbusinessnews.com

SPECIAL PROMOTIONAL FEATURE

LIVING ON THE SEA

Limassol Marina

BROUGHT TO YOU BY

Live, dine, shop and sail in absolute luxury at the most exciting new destination in Cyprus.For more information or to arrange a private viewing of the apartments and villas, please call us on +357 25 020 020

limassolmarina.com

Living on the sea

S P E C I A L I S S U E X X X . . . .

McDonalds Cyprus

IPH Foodstuff

Suppliers

VitaTrace Nutrition

Frederick

Petrolina (Holdings)

. Baker Tilly Klitou

and Partners

Panikos

Livadiotis Group

- RALPH WALDO EMERSON

YoungIN BUSI

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T 4.95 | 3.40 HN KYIAKH 7/9/14

0


THN & | TEYXO 103 | 2014

SPECIAL EDITION: .58

Char. Pilakoutas

IPH Foodstuff Suppliers

Crowne

Plaza Limassol

Deloitte Cyprus

Medcon

Construction

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Vitatrace Nutrition Ltd, was established in 1978 with the purpose of producing vitamin & mineral premixes for livestock production in Cyprus. The company soon began to export its products to various markets around the world, especially in Europe and the Middle East region and is now considered one the main players in its field. Production takes place at the VTN facilities in Nicosia, Cyprus.

Vitatrace Nutrition Ltd proudly provides high quality custom made products to its customers around the world. It is no coincidence that today, the company is certified with an ISO9001 for quality management, ISO14001 for environmental management, ISO22000 for food safety (HACCP). The Ministry of Commerce and Industry has also awarded Vitatrace Nutrition Ltd with the annual export awards in 1999 and 2010. Additionally, in 2010 the Ministry of Finance awarded our company with the annual quality award and in 2012 we were also awarded the reputable InBusiness award for SMEs in Cyprus in the manufacturing material processing industry.

Vitatrace Nutrition Ltd is currently participating in a major European research program funded by the European Union.

Telephone: +357 22426527Telefax: +357 22498325

P.O.Box 23886, CY-1687 Nicosia, Cyprus-mail: [email protected]

ESTABLISHED 1978

WWWVITATRACECOM


McDonalds Cyprus


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THN & | TEYXO 103 | 2014


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FEATURES

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Last PageNumbers & Stats

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4 IN BUSINESS

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82

IN Business 15 , , . , . , , .

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IN BUSINESS 103, 2014

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McDonalds Cyprus


VitaTrace Nutrition

Frederick



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44 IN BUSINESS

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ART DIRECTOR: SENIOR DESIGNER: ASSISTANT DESIGNER: IA: Jo Michaelides, Harris Kyprianou

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THE INTERNATIONAL INVESTMENT, FINANCE & PROFESSIONAL SERVICES MAGAZINE OF CYPRUS

INTERVIEWSStelios Haji-IoannouMartin NeureiterHans Wolff

PLUS: MONEY / BUSINESSECONOMYTAX & LEGALLIFESTYLE / OPINION

OECDPlanning to beat tax avoidance

INVESTING Royal familymemorabilia market

+ IOANNIS CHARILAOU, PHIDIAS PILIDES, NASSER SAIDI

ISSUE 29 AUGUST 14 - SEPTEMBER 13, 2013PRICE 4.95

POWERED BY:

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AVAILABLE AT: NICOSIA - LIMASOL, TEL.: 22 897 361

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NEWSBRIEF |

MONTHLYBRIEFING

A 6,5% The Mall of Cyprus 2014, . The Mall of Cyprus, , -

2007, The Mall , 30 . 100% mall , - : I Am, Pablosky, BSB Coffee Cantata.

THE MALL OF CYPRUS

10 IN BUSINESS

10 2014

() 1.072.878LIDL 1.042.380 885.684 619.845CYTA 600.900 553.446 520.261CARREFOUR S/M 509.490ALPHA BANK 501.698 FREDERICK 454.252

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T o Chartered Institute of Arbitrators (CIArb)-Cyprus Branch , 15 Hilton Park , : Cyprus is ready for a Regional International Dispute Resolution Centre. , , . . : , 22505555, [email protected] www.imhbusiness.com

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-, franchisees . OJO Sunglasses , , .

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11 www.inbusinessnews.com IN BUSINESS

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. , , - . , - ; , 7.000 . , , , . -, 2,5% . , -, 70% ; , . , , .

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MONTHLYBRIEFING

NEODERMA

, , , , , . Rolandos Enterprises Public Limited 22 Neoderma. , , brand , .

|: HARRIS KYPRIANOU

,

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22 ,

,

18 IN BUSINESS www.inbusinessnews.com

, , . . . : Neoderma , clean room, . Neoderma ISO 9001:2008, ISO 140001:2004 .

Neoderma 23 , . , : , , , , , , , , , , , , , , , , , , , . Middle East, Neoderma .

Neoderma deals, : . Neoderma Rolandos Enterprises Public Limited

2013, , , . , .

22 Rolandos Enterprises Public Limited , . , , , , 22 Neoderma. brand , , - , . , , Neoderma, , .

22 brand , - , .

www.inbusinessnews.com IN BUSINESS 19

NEODERMA

, ,

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, Rolandos Enterprises Public Limited

O Rolandos Enterprises Public Limited .O : - Mega Print - .- Polytropo, Mega Ad Panel, .- Rolandos Enterprises Public Limited, Neoderma. , brands, .

- . , -. -, , . , 13 , Roger Flynn, - . , -

. ; Virgin - Richard Branson . , British Airways, Prudential, BBC, Biofuels Media - , Vector Group - SDI - .

Roger Flynn - , , . , . - . , - -. , , - , , - , , .

organizational

change, , Roger Flynn . : Virgin: , , Richard Branson, Virgin Radio Virgin Games.British Airways: - , , - .Prudential: - 6000 , - 2 6 . BBC: BBC Ventures Group. 4.500 , . , , Warburg Pincus, - SDI. : Biofuels Media Ltd ( -), bigrock Ltd (- ) Vector Group Ltd ( -).

mr Flynn ! mr Flynn !



MONTHLYBRIEFING

13

20 IN BUSINESS

: IMH, . 22505555, e-mail: [email protected] : www.imhbusiness.com

brand, - . . Roger Flynn, organizational change, - -. - 13 , PwC K.

7KHWK

Roger achieved a remarkable turnaround and created real value in the Ventures businesses Greg Dyke, Director-General, BBC

Rogers presentation perfectly complemented the theme of our Senior Leaders Risk conference. He related his relevant business experience in a way that resonated with the audience, particularly the challenges of managing change. David Godfrey, Divisional Risk Officer, Wholesale Risk, Lloyds Banking Group

FLYNN:

22 2014, Hilton Park, : PwC : Cablenet, DHL Express . & .... : IN Business InBusinessNews.com

www.pwc.com.cy

2014 PricewaterhouseCoopers Ltd. All rights reserved

H L&T Partners Communications Services Ltd, Partners, 1995. , - - ,

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PARTNERS 19

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2004 affiliation

Young and Rubicam

Partners Y&R.

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IN BUSINESS 23

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. , , - , - . , .

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MONTHLYBRIEFING

JONATHAN GABAY

26 IN BUSINESS

, -: . Henry Ford, Ford Motor Company, , 20 . , . Jonathan Gabay - brand.

& : 26 2014, Hilton Park, .

: : Cyta: Fileminders : InBusinessNews.com, Goldnews.com.cy, OK! : Partners Y&R

: .: 22505555 [email protected], www.imhbusiness.com

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, - IWC Aquatimer. , - .

, - , .


ADVERTISING FEATURE

IWC AQUATIMER

VASSOS ELIADES ACCESSORIES



MONTHLYBRIEFING

30 IN BUSINESS

, 70.000 - 2013, . , , myDRIVE CARE4u, , , . | : JO MICHAELIDES

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32 IN BUSINESS

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Apple

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2.2 CHINA

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,

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,

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U.S POSTAL SERVICE,

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Wal-Mart Stores , 476 , - - 2013 27. , , Vodafone Group, , , - 141, $166 .

. Procter & Gamble Nestle - 40 45 , $11.3 $10.8 , . , Unilever, 90 $6.4 . Nestle 333.000 , Unilever Procter & Gamble 174.000 121.000, . Nestle , - $99.4 . Procter & Gamble $84.2 Unilever $66.1 .

IN BUSINESS 33

MONTHLYBRIEFING

06

NEWSTAND

01 The EconomistAmericas lost oomph

1990 - . - , . , , . , , , 2008-09. . , 2%. - , .

02 Bloomberg BusinessweekThe fall of the sleazy king

- CEO American Apparel, Dov Charney. . -, Charney - . , , , CEO -. , - , , American Apparel CEO, Charney.

03 GoldCIPA International Investment Awards

- Gold CIPA International Investment Awards, - 10 . , . , .

05 www.mashable.comSiri Cortana Siri iPhone Apple. , , . Windows Phone Microsoft, Cortana, . H Microsoft, , , Cor-tana Siri. , , Cortana Siri. smartphones .

06 www.qz.comVirgin America: , Virgin America, . , , . . . 2013 30% , 6.3 , 14 .

. (entrepreneur mind) - . 100 -

- , . : , , , , , .

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04 THE ENTREPRENEUR MIND: Kevin D. Johnson: Johnson Media Inc. ,

y 'EL "LUE "LOOD 'EL

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GOLD SPONSORSILVER SPONSOR PLATINUM SPONSOR

H PwC - 10 , , CIPA International Investment Awards. , ,

, Gold - (CIPA) , . CIPA International Investment

Awards , , , , , - .

UNDER THE AUSPICES OF H.E.THE PRESIDENT OF THE

HTurnkey Insurance Solutions , 2000. 27 Benfield , . . , . Benfield.

, , . : Turnkey Insurance Solutions . , ,



MONTHLYBRIEFING

TURNKEY INSURANCE SOLUTIONS

38 IN BUSINESS

;

Turnkey Insurance Solutions Ltd, . , . ; , , chartered insurer , Benfield.

| : HARRIS KYPRIANOU

TURNKEY INSURANCE SOLUTIONS

- - ,

, . , Turnkey . . , Turnkey , .

. Benfield, , , , , Turnkey , . Turnkey , . , , .

Turnkey Insurance Solutions. (CAR).

, , . : , , . , , .

- . Turnkey Insurance Solutions: , Benfield, .

, , Turnkey Insurance Solutions: , , , . , , , , , . , , .


TURNKEY; Turnkey Insurance Solutions (www.turnkeyinsurance.com) , Benfield, , , : , , , .

Turnkey . , , , , . , . , . , . Benfield: , . , .

AGENDA

MONTHLY BRIEFING

: (+357) 22454333

CIIM : (+357)22462246 Website:www.ciim.ac.cy

Computrain Ltd : (+357) 7000 27 70Website:www.computrain.com.cy

DekaPlus Business Services:25760055

Deloitte : (+357) 22360300Website: www.deloitte.com/cy EditC-MMC : (+357) 22466633 Website: www.editc.com

: (+357) 22.713000Website: www.euc.ac.cy

GFK (Cypronetwork Consultancy Group): (+357) 25730540Website: www.cypronetwork.com

: 22505555 Website: www.imhbusiness.com

Innovage Consulting: +357 22 485607Website:www.innovageconsulting.com

interFRONTIERS interKNOWLEDGE : (+357) 22625222Website:www.inter-knowledge.net

(): 22889840 Website: www.ccci.org.cy

(): 22806144

() : (+357) 22410178 Website: www.keade.org.cy

: 22411435Website: www.cycert.org.cy : 22411411Website: www.cys.org.cy

: (+357) 22318081 Website: www.cyhrma.org

Mantis (Cyprus) : (+357). 22442211 Website: www.mantis.com.cy

M.B.A. Enterprises: (+357) 22766355 Website: www.MBAenterprises.net

Mediterranean Management Centre: 77777252Website: www.mmclearningsolutions.com

MK Professional Training Services: 99594902

M.M. Knowledge Training & Consulting: 22357020 Website: www.mm-knowledge.com.cy

: (+357) 22665102Website: www.oeb.org.cy

OPTIMUM QUALITY CONSULTANTS : (+357) 25587463 Website: www.optimum.com.cy

: 22452656 Website: www.ucy.ac.cy

P.A. PeopleAchieve : 22773334Website: www.peopleachieve.com

Planning Cyprus: (+357) 22456050 Website: www.planningcyprus.com

PowerImage / MISCO Cyprus: (+357) 22660006 Website: www.powerimageservices.com

Virtual IT Ltd : (+357) 22660690 Website:www.virtual-it.com.cy/ : (+357) 22205000Website: www.research.org.cy

*

79 E www.helexpo.gr: : Helexpo

THE PUBLIC SECTOR FINANCING FORUMwww.euromoneyconferences.com: : Euromoney Conferences

ASIA FOREX & RISK MANAGEMENT FORUMwww.euromoneyconferences.com:

: Euromoney Conferences

SAKHALIN ARCTIC OIL AND GASwww.adamsmithconferences.com: : Adam Smith

VIENNA FAIRwww.aquatherm-warsaw.com: : VF Betriebsgesellschaft

CORPORATE FINANCE AZERBAIJANwww.adamsmithconferences.com: , : Adam Smith

GLOBAL STANDARDS PARTNERS CONFERENCEwww.brcevents.com: : BRC

* &

* 2014

19 THE INVESTMENT EXPERT CONFERENCE 2014 , Emergo Wealth, . , , . : Hilton Park,

24 6 To , , . , - fiduciary - - . , , , , . - , , fiduciary.: Hilton Park,

25 10 - - , - . , . - , -, , , , , , , , , .: Hilton Park, 26 BRAND CONGRESST Brand Congress - . rebranding , - - - brand , . brands Jonathan Gabay, .

- . , , , -, , , .: Hilton Park,

9 2nd CYPRUS BANKING FORUM , - , , , - . - , , , - , , . : Hilton Park,

* www.imhbusiness.com

15

-16

25

-26

BUSINESS EVENTS [email protected]

6

-14

9

16

22

-25

2

-5



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44 IN BUSINESS

T - , - , . lifestyle living on the sea. : JOE MIICHAELIDES


- 19 . 2010 - . 350 250.000 .., , 650 8 115 . 162 , 74 , , . 40 12 . , , -, , 750 . , , .

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IN BUSINESS & GOLD

THE INTERNATIONAL INVESTMENT, FINANCE & PROFESSIONAL SERVICES MAGAZINE OF CYPRUS

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POWERED BY:

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H Vitarace utrition

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MARKETING MANAGER & BRAND CHAMPION, CROWNE PLAZA LIMASSOL

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. ,

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1. Engomi 22 252134

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96 IN BUSINESS

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NUMBERS & STATS

World Overview , . Mario Draghi () , , . , . -, . , - . - . Mario Draghi - - .

Cyprus Overview 13 , - 8% , 3 2011, . , -, , . 2013 6% , 2014 . 2014 3,9% -, 2,5%. 2014 , 2015 . , , . , - . , , - . , - - , , -. - N Business - .

: , : The Economist

(%)

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$

12 ,

$

12 ,

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% 2014

12 Mar

% 2014

3

10 .

2014 2015

2014

+0.9 Q1 +0.8 +1.1 +1.6 +1.4 Apr +0.4 Jul +1.6 +1.6

-2.0 Q3 -0.5 -1.5 +0.2 -11.3 Jul +4.5 Aug +3.5 +3.5

-0.2 Q2 na +0.4 +2.3 -6.6 Jun -0.7 Jul -0.7 -0.7

... +2.4 Q2 +3.9 +2.0 +3.0 +4.3 Jun +2.1 Jun +1.8 +1.8

. +3.1 Q2 +3.2 +3.1 +2.7 +1.2 Jun +1.9 Jun +2.9 +2.9

+2.3 Q1 +3.3 +2.0 +2.0 +0.4 Jun +0.8 Jul +1.9 +1.9

-0.3 Q1 -0.8 +0.2 +1.0 +0.4 Jun +0.1 Jul +1.2 +1.2

+1.2 Q2 +2.4 +1.1 +1.7 +2.9 Jun -0.3 Jul +1.8 +1.8

+4.3 Q1 na +3.0 +4.0 +1.4 Jun +9.3 Jul +8.9 +8.9

+7.5 Q2 +8.2 +7.5 +7.0 +9.0 Jul +2.3 Jul +2.7 +2.7

-0.1 Q2 +6.8 +1.4 +1.2 +3.1 Jun +3.6 Jun -0.2 -0.2

+4.6 Q1 +8.0 +6.0 +6.4 +3.4 Jun +8.0 Jul +9.6 +9.6

+1.9 Q1 +0.7 +1.0 +1.8 -6.9 Jun +6.5 Jul +6.3 +6.3

+2.2 Q1 +1.2 +2.3 +2.6 +5.1 May +2.4 Jun +1.2 +1.2

11.5 Jun +225.1 May +310.1 May +2.6 +2.6 0.76 -2.5 0.20 1.03

16.0 Q43 -4.8 (2012) -1.2 (2012) -6.7 -6.7 0.76 -6.5 0.20 14.5

27.2 May -24.3 May +2.8 May +0.6 +0.6 0.76 -5.5 0.20 6.32

... 6.2 Jul -718.6 Jun -405.9 Q1 -2.5 -2.5 - -2.9 0.23 2.41

. 6.4 May -179.3 Jun -117.7 Q1 -4.0 -4.0 0.65 -4.6 0.55 2.59

6.7 Jul +270.1 Jun +262.4 Jun +7.1 +7.1 0.76 +0.5 0.20 1.03

12.3 Jun +49.1 May +30.3 May +1.1 +1.1 0.76 -3.0 0.20 2.71

24.5 Jun -28.1 May +0.4 May +0.8 +0.8 0.76 -5.7 0.20 2.46

9.0 Apr -88.7 Jun -52.6 May -5.8 -5.8 1.93 -2.6 9.34 9.40

4.1 Q2 +283.3 Jul +163.6 Q2 +1.7 +1.7 6.12 -2.9 4.68 4.00

3.7 Jun -113.0 Jun +5.2 Jun +0.2 +0.2 98.2 -7.8 0.13 0.52

8.8 2013 -123.1 Jun -32.4 Q1 -2.8 -2.8 61.1 -5.2 8.64 8.77

4.9 Apr +6.5 Jul -81.2 Jun -3.7 -3.7 2.30 -3.8 10.8 12.1

7.1 Jun -4.1 Apr -54.8 Q1 -2.7 -2.7 1.03 -2.6 1.22 2.08

(%) -2.2% Apr-Jun 14/13

(%) 16.9% Jan-Mar 2014

46.727 Jul 2014

() (%) 0.9% Jul 14/13

(% ) 6.5% 2013

(% ) 105% Jan-Sep 2013

(% ) 66.2% Jan-Mar 2014

(% ) -3.5% 2013 proj

-0.7% May 14/13

1.5% Jan-Jun 14/13

5.7% Jul 14/13

10.8% May 14/13

16.9% Feb 14/13

( ) -37.5% Jan-May 14/13

29,6% Apr 14/13

103 ISSUE_ 2103 ISSUE_ 5103 ISSUE_ 6103 ISSUE_ 7103 ISSUE_ 9103 ISSUE_ 11103 ISSUE_ 13103 ISSUE_ 19103 ISSUE_ 20103 ISSUE_ 21103 ISSUE_ 29103 ISSUE_ 31103 ISSUE_ 40103 ISSUE_ 45103 ISSUE_ 60103 ISSUE_ 61103 ISSUE_ 77103 ISSUE_ 83103 ISSUE_ 85103 ISSUE_ 99103 ISSUE_103

IN Business Issue 103

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Transcript of IN Business Issue 103