Gold Magazine March - April 2013, Issue 24 | Page 10

up front

New Fiduciary
Law Presented

T

he Cyprus Fiduciary Association
recently held a presentation of the
new Fiduciary Law which regulates
the providers of administrative
services to companies of international
activities. CySEC’s Anti-Money Laundering
Directive, with which all regulated persons
have to comply, was also presented. The
event at the Holiday Inn, Nicosia, was
attended by a large number of Fiduciary
Providers who had the opportunity to learn
more on the provisions of the Law and its
related Directives, the application process
as well as the effects of its implementation.
George Ioulianos, General Manager of the
Association, spoke about its goals and
objectives with regard to the new Law. Elena
Argyropoulou, Head of the International Trust
Department of Totalserve Management Ltd,
gave an overview of the main provisions of
the new Law while Costas Constantinides,
Compliance Director of Boudica Trust Co.
Ltd., presented the main points regarding
anti-money laundering responsibilities
and requirements. The subsequent open
discussion gave participants an opportunity to
put questions to the panel.

T

ickets to this year’s TEDx Nicosia
event sold out within three days and
so “RE-Think, Re-Generate, RE-Act”,
which takes place at the Pallas Theatre,
Nicosia on Saturday, March 9 from 10 am-5
pm, will be streamed live online, enabling all
those unable to purchase a ticket and people
worldwide to watch it on their computer, tablet or
smart device.
TED, a global platform devoted to Ideas Worth
Spreading, began in 1984 as a gathering place
for innovators and leaders in the fields of Technology, Entertainment and Design. TEDx is part
of a revolution in global education made possible
by local organisers wanting to engage their communities. Over 3,000 TEDx events have taken
place in 25 languages in 90 countries. At a TEDx
event, video and live speakers combine to spark
discussion and connection in a small group.
The speakers at TEDx Nicosia 2013 are Dr.
Stavros Zenios, Dr. Katerina Kaouri, Dr. Doros
Polydorou, Idil Seytanoglou, Oren Simanian,
Maria Vilanidou, Eloiza Savvidou, Stephanos
Evripidou, Roddy Damalis, Dr. Ahmet, Jill Douka
and Michael Virardi.
TEDxNicosia has forged an exclusive partnership
with Cytamobile-Vodafone which will facilitate
the implementation of three additional events
during 2013, including TEDxChange, TEDxYouth
and TEDxWomen.
Other TEDxNicosia partners include the Municipality of Nicosia, The University of Nicosia, Aon
Hewitt, and Hilton Cyprus.

Emirates on its
upgrades aircraft
Cyprus service

T

o meet a growing demand on the Dubai-CyprusMalta service, Emirates Airline has upgraded its
aircraft size to a larger Boeing 777-200, offering
a total of 274 seats in a 3-class configuration with
12 First, 42 Business and 220 Economy Class. The Boeing
777-200 replaces the Airbus 340-300 aircraft which had
been deployed since October 2012.
Emirates Manager for Cyprus Jaber Mohamed noted that “A
second aircraft upgrade within four months on our flights

10 Gold the international investment, finance & professional services magazine of cyprus

confirms Emirates’ commitment to Cyprus.
The additional capacity will generate more
trade and tourism opportunities. The Boeing
777-200 aircraft will give all our customers
the award-winning ‘ice’ (information,
communications, entertainment) in-flight
entertainment, world-class ser vice and
gourmet cuisine, making the journey with
Emirates as enjoyable as the destination.”
Emirates, one of the world’s fastest-growing
airlines, started its operations to Cyprus
in 1994, connecting the island to new and
key destinations across the world. Emirates
currently flies daily from Dubai to Larnaca and
on to Malta from where it returns to Larnaca
the same afternoon, en route back to Dubai.

ForexTime starts
operations

F

orexTime Ltd (FXTM)
has announced the official start of its operations
with the activation of its
Cyprus Investment Firm (CIF) license and the launch of its website
www.forextime.com. Established
by Alpari co-founder and shareholder Andrey Dashin, ForexTime
is led by an executive team of
experts who share the cumulative
experience of several decades.
Andrey Dashin says, “I have established ForexTime to challenge
trader expectations. With ForexTime you get the advantage of
trading with sophisticated, reliable
and industry-leading technology,
partnered with support from a
team hand-picked because of their
experience and knowledge of the
industry.”
ForexTime gives clients access
to the global currency market and
offers trading in Forex, precious
metals, commodities, shares and
indices. The company is also
introducing solutions created
specifically to different regions and
intends to release new products
and services throughout the year.
Ensuring that the client experience
is at the centre of ForexTime’s
offering, the services provided are
tailored to the individual needs
and ambitions of each customer –
novice, intermediate or experienced.
“Our mission at ForexTime is
to maximize the value our clients
derive from their most precious
commodity: time. The executive team’s cumulative experience means we have an in-depth
knowledge of the Forex industry
and, with the client experience in
mind, we are committed to pushing
the boundaries of
this sector,” says
ForexTime CEO
Olga Rybalkina.