BUSINESS BRIEFING APPOINTMENTS
IN THE NEWS
Marios Kalochoritis
4 CYPRUS REUNIFICATION TALKS COLLAPSE
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alks to reunify Cyprus collapsed in the early hours of Friday, July 7, marking the end of H WYVJLZZ ZLLU HZ [OL TVZ[ WYVTPZPUN PU NLULYH[PVUZ [V OLHS KLJHKLZ VM JVUĂ&#x2026;PJ[ ;OL week of talks in the Swiss Alps, which the United Nations had described as the â&#x20AC;&#x153;the best JOHUJLš MVY H KLHS NYV\UK [V H OHS[ HZ [OL [^V ZPKLZ MHPSLK [V V]LYJVTL Ă&#x201E;UHS VIZ[HJSLZ <5 :LJYL[HY` .LULYHS (U[VUPV .\[LYYLZ Ă&#x201E;UHSS` JHSSLK H OHS[ [V [OL KPZJ\ZZPVUZ HM[LY HU L]LUPUN ¸THYYLK I` `LSSPUN HUK KYHTHš HJJVYKPUN [V ZV\YJLZ JSVZL [V [OL ULNV[PH[PVUZ ¸<UMVY[\UH[LS` an agreement was not possible, and the conference was closed without the possibility to bring a solution to this dramatic and long-lasting problem,â&#x20AC;? Guterres said, adding that, â&#x20AC;&#x153;That doesnâ&#x20AC;&#x2122;t mean [OH[ V[OLY PUP[PH[P]LZ JHUUV[ IL KL]LSVWLK PU VYKLY [V HKKYLZZ [OL *`WY\Z WYVISLT š .V]LYUTLU[ Spokesman Nicos Christodoulides said that Turkey had refused to relinquish its intervention rights on Cyprus or the presence of troops on the island but other observers claim that President Anastasiadesâ&#x20AC;&#x2122; demand for no troops and no Turkish guarantees was what brought about the end of [OL JVUMLYLUJL
PORTS
NEW PASSENGER TERMINAL OPENING AT LIMASSOL PORT
A new modern terminal designed to accommodate the largest operating cruise vessels, is scheduled to open in the summer at DP World Limassol 7VY[ ;OL UL^ [LYTPUHS JVUZPZ[Z VM seven pods with an internal area of ZX\HYL TL[YLZ (SVUN ^P[O OV\Y H]HPSHIPSP[` [OL [LYTPUHS VÉ&#x2C6;LYZ integrated services including Home Call and Day Call handling capability, ensuring an improved customer L_WLYPLUJL *OHYSLZ 4LHI` .LULYHS 4HUHNLY +7 >VYSK 3PTHZZVS JVTmented: â&#x20AC;&#x153;With the opening of this new terminal, all our visitors will enjoy an L]LU TVYL PTWYLZZP]L ^LSJVTL +7 World Limassol continues to promote the development of tourism in Cyprus HUK KYP]PUN LJVUVTPJ ILULĂ&#x201E;[Z MVY [OL SVJHS HUK UH[PVUHS LJVUVT`š 10 | GOLD | The Business Magazine of Cyprus
arios Kalochoritis has been appointed as a Senior Advisor to the Bank VM *`WY\Z .YV\WÂťZ *,6 1VOU /V\YPJHU Kalochoritis will oversee and help manage certain of the assets and exposures acquired by Bank of Cyprus during the YLJLU[ LJVUVTPJ [\YTVPS 2HSVJOVYP[PZ H member of the Board of BOC Holdings ZPUJL [OL LUK VM HUK VM [OL )HUR ZPUJL ^PSS KYH^ VU OPZ L_WLYPLUJL as a successful banker, manager and I\ZPULZZTHU
George Kasoulides
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OL UL^ 7LYTHULU[ 9LWYLZLU[H[P]L of Cyprus to the international organisations in Geneva, Ambassador George Kasoulides, presented his credentials to the Director General of the United 5H[PVUZ PU .LUL]H 4PJOHLS 4ÂĽSSLY VU 1\UL 6U [OL ZHTL KH` OL also presented his credentials to the Director General of the World Trade 6YNHUPaH[PVU >;6 9VILY[V (aL]vKV HZ [OL UL^ 7LYTHULU[ 9LWYLZLU[H[P]L VM *`WY\Z 2HZV\SPKLZ YLP[LYH[LK *`WY\ZÂť commitment to establishing a multilateral [YHKL Z`Z[LT
THREE COMPANIES SHORTLISTED FOR LARNACA PORT & MARINA
Three companies have been shortlisted to proceed to the next phase in the tender for the long-delayed developTLU[ VM 3HYUHJH 7VY[ HUK 4HYPUH [OL 4PUPZ[Y` VM ;YHUZWVY[ OHZ HUUV\UJLK They are the consortium of Peninsular and Oriental Steam Navigation *VTWHU` ^P[O *HIV 4HYPUH : KL 93 the consortium of Amba Ltd & Israel Shipyards Ltd, and the China Communications Construction Company 3[K ;OL HPT VM [OL WYVQLJ[ PZ [V THRL 3HYUHJH 4HYPUH [OL SHYNLZ[ PU *`WY\Z with around a thousand berths, inJS\KPUN ZVTL MVY Z\WLY`HJO[Z 6UJL the evaluation and bidding process is completed, the winner of the tender should be announced by the end of [OL Z\TTLY
Marios Skandalis
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\YPUN P[Z Ă&#x201E;YZ[ TLL[PUN ZVVU HM[LY [OL [O (UU\HS .LULYHS 4LL[PUN [OL 0UZ[P[\[L VM *LY[PĂ&#x201E;LK 7\ISPJ (JJV\U[HU[Z VM *`WY\Z LSLJ[LK 4HYPVZ :RHUKHSPZ HZ President of the Institute for the period :RHUKHSPZ ^PUULY VM [OL )HURLY VM [OL @LHY (^HYK Âś *`WY\Z from AI magazine, is the Director of the Group Compliance Division of the Bank VM *`WY\Z .YV\W /L PZ HSZV [OL ,_LJ\[P]L Vice-Chairman and founding member of ;YHUZWHYLUJ` 0U[LYUH[PVUHS *`WY\Z