The concept of а ’family office’ is not new. For a long time, all over the world large family capital and the affairs of wealthy families have been managed by professionals. But recently, multi-family offices have started to appear in Cyprus more often. These family offices serve the interests of several families at once. Is this an advantage or a disadvantage? Does Cyprus meet the requirements of the modern world in this area, and is it competitive in comparison with…

Blockchain technology enables the digital ownership, transfer, and storage of assets without the necessary need of a central third party or intermediary. The attributes of this technology, wrapped nicely with token interface standards such as that of NFTs, are revolutionising the ownership of real and virtual word assets. It is possible to tokenise a real estate deal in Cyprus, or even to purchase land in a virtual world. Not only that, through  Apps, blockchain technology has pushed to revolutionise the financial products and financial concepts as we know…

Every year Saxo Bank prepares a forecast of underappreciated events which, if they were to occur, could send shockwaves across financial markets. Here are the bank’s predictions for 2022. 1. The plan to end fossil fuels gets a rain check. Realising the threat of inflation and social unrest, policymakers decide to temporarily relax environmental restrictions. They support fossil fuel investment and encourage producers to ensure adequate and reasonably priced supplies. 2. Facebook faceplants on youth exodus. The young generation fails…

Consulco, the investment manager with offices in London, Dubai, Moscow and Nicosia established its newest office in Limassol. The office is centrally located at  18 Evagora Papachristoforou Street, off Makarios Avenue near the town’s municipal park. The firm’s Limassol operations are managed by Christos Hadjisotiris and Evangelia Kapnistou, both Limassol bred professionals with considerable experience in the financial and investment sectors.   Marios Hadjiroussos, the Consulco’s CEO commented “Limassol is an important office location for Consulco as it enables the firm to…