Gold Magazine November - December 2013, Issue 32 | Page 12

UP FRONT The Marshall Islands The Marshall Islands Corporate Registry The Marshall Islands TheCorporate Registry Marshall Islands TheCorporate Registry Marshall Islands Corporate Registry Corporate Registry CIPA VISITS TO LONDON, UKRAINE AND INDIA T ©Corbis ©Corbis ©Corbis ©Corbis ©Corbis he Cyprus Investment Promotion Agency (CIPA) has recently intensified its schedule of targeted actions abroad with visits to London, Ukraine and India, with the twin aims of restoring Cyprus’ image as a reliable investment destination and attracting foreign investment. On a recent trip to London, the Agency’s Director-General, Charis Papacharalambous, was interviewed by the Glude TV production company for a videoclip promoting the property market in Europe, including Cyprus, that will be screened in Asian cinemas, He also met with Andrew Fraser, former Managing Director of Invest UK, and the Chairman of the FTI Consulting Firm, with which CIPA is cooperating on the issue of im proving Cyprus’ image abroad. Papacharalambous also held meetings with the British Venture Capital Association. Meanwhile, the Agency’s Senior Officer, Lefteris S. Eleftheriou, recently joined a Cyprus Chamber of Commerce and Industry (CCCI) mission to Ukraine, where the attractions and comparative advantages of Cyprus as an investment destination were presented to the Donetsk and Luhansk VTT VASILIKO TERMINAL ON COURSE P The leading jurisdiction for The leading jurisdiction for The leading jurisdiction for • Asset Management, The leading jurisdiction for The leading jurisdiction for • Asset Management, • •Asset Management, Vessel Ownership • Asset Management, Asset Ownership • VesselManagement, • •Vessel Ownership Real/Intellectual • Vessel Ownership Vessel Ownership • Real/Intellectual Property Holdings • Real/Intellectual • Property Holdings Real/Intellectual • •Property Holdings Real/Intellectual Initial Public Offerings/ Property Holdings • Property Holdings Initial Public Offerings/ Publicly Traded Companies • Initial Public Offerings/ • Publicly Traded Companies Initial Public Offerings/ • Publicly Traded Companies Initial Public Offerings/ Publicly Traded Companies Publicly Traded Companies IRI Hellas Ltd. IRI Hellas Ltd. Islands in affiliation with the Marshall IRI Hellas Ltd. IRI Hellasthe Marshall Islands inMaritime & Corporate Administrators affiliation with Ltd. IRI Hellasthe Marshall Islands in affiliation with Ltd. Maritime & Corporate Administrators tel: +30 210 affiliation with the Marshall Islands 4294 404 | [email protected] in affiliation with the Marshall Islands Maritime & Corporate Administrators in tel: [phone] |Corporate Administrators Maritime & [email protected] www.register-iri.com |Corporate Administrators tel: [phone] Maritime & [email protected] www.register-iri.com | [email protected] tel: [phone] | [email protected] tel: [phone] www.register-iri.com www.register-iri.com www.register-iri.com up_front.indd 12 Chambers. Eleftheriou spoke about sectors in Cyprus with good growth prospects, including shipping, energy, tourism, large development projects, the audiovisual industry, research and innovation, and professional services. A CIPA delegation also participated in the recent CCCI mission to India and held additional meetings with media representatives and with the Managing Director of the Indian Films Association in New Delhi. Similar meetings were also held in Mumbai, mainly with agents of the audiovisual industry, aimed at broadening cooperation between the two countries in the sector. hase One of the €300 million VTTV terminal project at Vasilikos is now well under way and most of the 28 tanks of the first phase of the project have been erected to their full height. In addition, 13 tanks have been successfully hydro tested, 19 dome roofs have already been installed and 11 of them have been painted. The pre-fabrication of piping is almost completed and piping installation works are progressing smoothly. At the same time, all product pumps have been installed and jetty works are progressing as scheduled, with piling for platforms 1-2 and 3-4 complete and piling for the central platform in progress. The installation of pre-cast beams on all platforms and the pre-casting of slabs for the platforms are ongoing. In September, an Environmental Impact Assessment hearing CCCI Business Forum in Prague was held for the second phase of the Terminal. Within six months, various government departments will decide on whether they to approve the proposed expansion project on reclaimed land. If they are positive, this will accommodate 13 additional tanks with a total capacity of 305,000m³ for the storage of fuel oil and crude oil. This expansion will bring another €100 million investment and multiple economic benefits to Cyprus. Meanwhile, eleven engineers hired for operational positions of the Terminal are currently in the Netherlands on an intensive four-month training course at VTTI’s terminal in Amsterdam. Similarly, the newlyhired HSE Manager has received his training at ATPC-Antwerp and the new Commercial and Customer Service Manager is currently in VTTI FTL- Fujairah for training.   T he Cyprus Chamber of Commerce & Industry (CCCI), in cooperation with the Ministry of Energy, Commerce, Industry & Tourism and the Cyprus-Czech Republic Business Association, is holding a Business Forum in Prague on 3 December. The aims of the Forum are to promote Cyprus as an international services centre and to further develop economic ties between Cyprus and the Czech Republic. The Forum is expected to focus on the sectors of professional services (financial, legal, advisory), tourism, construction & real estate, health, energy and transport. 07/11/2013 17:53