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2020 Cyprus Country Report

The 2020 Cyprus Country Report features in-depth articles on the economy, foreign direct investment, international trade and headquartering as well as detailed sector profiles and insights from Cyprus’ 100 most influential political, economic and business leaders shaping the future of their country and its industries.

The 2020 Cyprus Country Report features in-depth articles on the economy, foreign direct investment, international trade and headquartering as well as detailed sector profiles and insights from Cyprus’ 100 most influential political, economic and business leaders shaping the future of their country and its industries.

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COSTAS PSILLIDES<br />

MANAGER - INTERNATIONAL<br />

WHOLESALE MARKET<br />

NAWAF ABDULLA<br />

CEO<br />

CYTAGLOBAL<br />

Cyta, the primary telecommunications provider in <strong>Cyprus</strong>, covers the whole<br />

spectrum of electronic communications ranging from fixed and mobile voice and<br />

data communications, internet, IPTV and broadband services. Taking advantage<br />

of the island’s strategic geographical position, Cytaglobal, a strategic business<br />

unit of Cyta, has developed an extensive subsea fibre optic cable network,<br />

which connects <strong>Cyprus</strong> with its neighbouring countries and thereafter with<br />

the rest of the world. Cytaglobal also operates an extensive satellite network<br />

with three teleport sites, providing connectivity with major satellite systems.<br />

Through its global network, Cytaglobal provides a wide range of international<br />

telecommunications products, services and total solutions, making <strong>Cyprus</strong> a<br />

major telecommunications hub in the Eastern Mediterranean and an excellent<br />

international electronic communications centre.<br />

DP WORLD LIMASSOL<br />

In April 2016 DP World Limassol was awarded a 25-year concession to<br />

exclusively operate the multi-purpose and Cruise terminal in Limassol<br />

commencing February 2017. The terminal’s activities, comprising of three<br />

multi-purpose quays, include break-bulk, general cargo, Ro-Ro, Oil & Gas<br />

services and the brand-new passenger terminal. DP World Limassol port is<br />

the main cruise port of the island located on the Southern coast of <strong>Cyprus</strong> and<br />

is the island’s principal logistics support base for the offshore energy sector.<br />

Telecommunications Str,<br />

PO Box 24929, 1396 Nicosia - <strong>Cyprus</strong><br />

T: (+357) 22 701 498<br />

Contact: Costas Psillides - Manager,<br />

International Wholesale Market<br />

E: global@cyta.com.cy<br />

W: www.cytaglobal.com<br />

Old Passenger Terminal<br />

North Quay, Port of Limassol - <strong>Cyprus</strong><br />

T: (+357) 25 858 700<br />

Contact: Nawaf Abdulla - CEO<br />

E: info@dpworldlimassol.com<br />

W: www.dpworldlimassol.com<br />

Who’s Who - <strong>Cyprus</strong> Business Directory<br />

E-CNHC – E-C NATURAL HYDROCARBONS COMPANY LTD<br />

The company provides advisory, project management and consultancy services<br />

in the oil & gas and energy sectors and aims to contribute to the successful<br />

development of these Sectors for the future of <strong>Cyprus</strong>. The CEO has over<br />

35-years international experience in promoting and developing oil & gas<br />

business and projects spanning Europe, Asia and Africa. We can assist our<br />

clients in developing their business in <strong>Cyprus</strong>, evaluating opportunities and<br />

providing in depth professional advice and support.<br />

CHARLES ELLINAS<br />

CEO<br />

11 Tyrtaiou Street, 1087 Nicosia - <strong>Cyprus</strong><br />

T: (+357) 97 705 060<br />

Contact: Dr Charles Ellinas - CEO<br />

E: Charles.ellinas@yahoo.com<br />

W: www.e-cnhc.com<br />

COSTAS STYLIANOU<br />

DIRECTOR BUSINESS<br />

DEVELOPMENT &<br />

BRANCH MANAGER<br />

EFG BANK (LUXEMBOURG) S.A. - CYPRUS BRANCH<br />

EFG Bank (Luxembourg) S.A. - <strong>Cyprus</strong> Branch is part of EFG International,<br />

a global private banking and asset management group headquartered in<br />

Zurich, Switzerland, with operations in around 40 locations worldwide. EFG<br />

International’s registered shares (EFGN) are listed on the SIX Swiss Exchange<br />

and is currently rated by Moody’s with an A3 rating and by Fitch with an A<br />

rating. Our <strong>Cyprus</strong> based office is the gateway providing you access to all<br />

jurisdictions where EFG has presence including Zurich, London, Luxemburg,<br />

Monaco, Singapore, Hong Kong etc. In addition to private banking services the<br />

<strong>Cyprus</strong> Branch, by capitalizing on the experience, systems and processes of EFG<br />

Group, is licensed and offers AIFMD compliant Depositary services to <strong>Cyprus</strong><br />

Alternative Investment Funds.<br />

<strong>Cyprus</strong> Branch, 23 Kennedy Avenue<br />

Globe House, 1075 Nicosia - <strong>Cyprus</strong><br />

T: (+357) 22 025 903<br />

Contact: Costas Stylianou - Director<br />

Business Development & Branch Manager<br />

E: cyprusbranch@efgbank.com<br />

W: www.efginternational.com<br />

PANAYIOTIS OLYMPIOS<br />

GENERAL MANAGER<br />

ELECTRICITY AUTHORITY OF CYPRUS<br />

The Electricity Authority of <strong>Cyprus</strong> is an independent, Public Corporate<br />

corporation established under the Electricity Development Law Cap.171 of 1952<br />

to exercise and perform functions relating to the generation, transmission,<br />

distribution and supply of electric energy in <strong>Cyprus</strong>. The above definition is<br />

used in <strong>Cyprus</strong> for corporations which are independent, and established in<br />

accordance with the relevant Law, to render services in the utility field. In the<br />

case of the EAC, the government, through the Minister of Energy, Commerce,<br />

Industry and Tourism, is empowered to give directives to the Authority on<br />

matters appertaining to the general interest of the Republic.<br />

11 Amfipoleos Street,<br />

Strovolos 2025, Nicosia, <strong>Cyprus</strong><br />

(+357) 22 201 000<br />

Contact: Christina Papadopoulou - Press Officer<br />

E: eac@eac.com.cy<br />

W: www.eac.com.cy<br />

<strong>Country</strong> <strong>Report</strong> CYPRUS <strong>2020</strong> 175

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