ISSUE 129 DECEMBER 2017 YEAR-ROUND TOURISM IS KEY
DECISION TREES
66
HEADHUNTING SECRETS FOR PROFESSIONALS
68
By Demetris Stylianides
COMBATING UNETHICAL CONDUCT
72
By Aristodemos Yiannakas
74
USING EUROPEAN FUNDING PROGRAMMES TO DEVELOP TOURISM By Panagiotis Moiras
VALUING SMES By Tasos Arisistidou
THE 70:20:10 MODEL By Michael Karasavvas
94
By Demetris Ergatoudes
Interview with Chryso Tsokkou, Director, A.Tsokkos Hotels Public Ltd
76 78
BIG DATA: IMPLICATIONS FOR COMPETITION LAW By Athina Patera
FINANCIAL FAIR PLAY By Christos Antoniou
IS BRAND LOYALTY )($6,%/( ,1 72'$<·6 DIGITAL WORLD? By Andrie Penta
THE MOUNTING CHALLENGES OF PROVIDENT FUNDS
management
Editor-in-Chief Ninos Hadjirousos, FCA
CONFIDENCE RETURNS TO THE MARKET Interview with Constantinos Savvides
DYNAMIC EVITALISATION OF REAL ESTATE By Pantelis Leptos
96 98
FREEHOLD OR LONG LEASEHOLD?
99
By Antonis Loizou
INVEST IN REAL ESTATE FOR YOUR RETIREMENT By George Mouskides
80 82
100
real estate
By Dr. Sotiroula Liasidou
84
Interview with Antonis Skoullos, Country Manager, Oracle Cyprus
102 ict
86 86
business in cyprus
8 90 92
Editor Tasos Anastasiades, B.Sc., M.A. (Econ) The Institute Council Marios Skandalis (Chairman) Stavros Pantzaris (Vice-Chairman) Maria Pastellopoulou (Secretary) Members Andreas Andreou, Demetris Vakis, Christos Vasiliou, Karlos Zangoulos, Pieris Marcou, Philippos Raptopoulos, Spyros Spyrou, Demetris Taxitaris, Nicos Chimarides, Odysseas Christodoulou General Manager Kyriakos Iordanou Address 11 Byron Avenue, 1096 Nicosia, Cyprus Mailing Address P.O.Box 24935, 1355, Nicosia, Cyprus Tel: +357 22870030, Fax: +357 22766360 e-mail: info@icpac.org.cy www.icpac.org.cy The publication is prepared by
RECOGNIZING THE NEED FOR DIGITAL TRANSFORMATION
By Christos Michaelides
GETTING CLOSER
ISSN 1450-2380
BUILDING A BETTER WORKING WORLD
Next Generation of Family Business Leaders Embraces Digital Change; Governments Ignoring Fiscal Policy Effect on the Young, Say Europeans;
In-house Editor-in Chief John Vickers
104
professional news
Coordination Pan Charalambous Art Direction Anna Theodosiou Design Alexia Petrou, Marios Kouroufexis Marketing Executive Kevi Chishios
Interview with Stavros Pantzaris, Country Managing Partner, EY Cyprus
mOBODJBM TFSWJDFT
Managing Director George Michail General Manager Daphne Roditou Tang Media Manager Antonis Antoniou
TABLE TALK Savvas Savvides, CFO of Akiva Asset Management Ltd, is also the National President of Round Table Cypprus for 2017-2018.
PVU PG PGmDF
MEET THE CFO Anthoulis Papachristoforou, Group CFO, Logicom Public Ltd
108
Commercial Manager Neofytos Constantinou Contact us for advertising Pavlos Giorkas pavlos.giorkas@imhbusiness.com Tel: +357 22505555, +357 22505566, Fax: +357 22679820 Address 5 Aigaleo St., Strovolos 2057, Nicosia, Cyprus, P.O.Box 21185, 1503, Nicosia, Cyprus Accountancy Cyprus is published quarterly by the Insti[\[L VM *LY[PÄLK 7\ISPJ (JJV\U[HU[Z VM *`WY\Z HUK PZ ZLU[ free to all members if the Institute as well as to a large number of other persons, companies and organisations. The Institute can accept no responsibility for the accuracy of contributed statements or articles appearing in this publication and any views or opinions expressed are not necessarily endorsed by the Institute, its Council or by the Editors.