Gold Magazine January - February 2013, Issue 22

ISSUE 22 JANUARY 2013 PRICE €6.95 5 291295 000577 00001 > POWERED BY: THE INTERNATIONAL INVESTMENT, FINANCE & PROFESSIONAL SERVICES MAGAZINE OF CYPRUS International services have grown more than 40 times faster than tourism in the past 5 years In terms of business sophistication, Cyprus ranks 10th in the world for Joint Venture Strategic deals conducted the Companies that use Cyprus as a base have invested a cumulative €29.8bn in the country key to GROWTH For 2012 Cyprus ranks 28th out of 141 countries in the Global Innovation Index International services employment grew at an estimated annual average rate of 3.9% per year in 2007-2011 There are over 10,000 lawyers and 5,000 certified accountants and auditors in Cyprus Implementing certain recommendations could add just over 9,700 new jobs in five years Cyprus is ranked 1st in the world for the number of new businesses registered per 1,000 population aged 15-64 International services grew on average by 8.3% per year in 2007-11 + RICHARD COOPER, ERNESTO PRADO, BARRY TOPF WHEN BANKS FAIL INTERVIEWS BY BROUGHT TO YOU Banking crises since 1970 Anthony Livanios Rafique Mottiar Vyacheslav Shumskiy FINANCIAL CRIME Anti-Money Laundering Regulation in Cyprus PLUS: MONEY / BUSINESS ECONOMY TAX & LEGAL LIFESTYLE / OPINION