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6

AUG '21

Media Liability Insurance

One way or another, almost all businesses need to produce and broadcast or publish media content. The advent of the Digital Age has opened up new forms of communication and anyone with access to a social media account can now become a content creator. This expanded exposure, however, means that any kind of communication outlet could be at risk from liability claims for things like libel, intellectual property claims or invasion of privacy. [...]

20

JAN '20

Life of British Expats after Brexit

1. How many UK citizens live in Cyprus? According to a 2018 census, the total number of foreign nationals living in Cyprus was 155,600 (meaning approximately 18% of the total population living in the areas under the control of the Republic of Cyprus), of which approximately 16% (25,000) were UK nationals. These figures are definitely underestimated. That is mainly due to the fact that a large number of European citizens, including Britons, who own a house in Cyprus, had not applied for a certificate of permanent residence. [...]

24

OCT '18

Chinese Investments in Cyprus

We are glad and proud to inform you that after considerable effort and assistance from the China Desk which is based in Paphos and is part of the Cyprus-China Business Association, we expect in April/May 2019 a targeted delegation (8-10 companies) from the venerable China Investment Association, accompanied by Chinese Government officials.  The areas of interest for actual investment are: Renewable Energy, such as: Solar energy, Wind power, Garbage disposal, Waste treatment etc. [...]

17

MAY '18

Satellite Insurance

Satellite insurance is a specialized aircraft safety industry with a total of 30 insurance companies providing services. The insurance mainly covers the costs that may arise as a result of the following risks: 1) restart of the satellite in case of failure of the first launch; 2) replacement of the satellite in case of damage; 3) deviation of the satellite from the given trajectory; 4) failure of the satellite into orbit; [...]

12

APR '18

An investment of billions from a Cypriot businessman to the Zimbabwe

The Pitsas Insurances team is particularly proud of the new international business venture of our great friend and client, Mr. Loucas Pourouli. The Cypriot company Karo Resources, managed by the Pourouli family, is going to invest $4.2 billion for the development of an ambitious platinum extraction investment in the post-Mugabe era of Zimbabwe. The investment that transforms Zimbabwe Since assuming his duties, the new Zimbabwe president has committed to promote institutional reform in order to attract the interest of foreign investors. [...]

12

MAR '18

Enter the Chinese Market

Take part in the first International Trade Exhibition of China which will be held from 5 until 10 of November 2018 in Shanghai and promote effectively your company’s services and products in the most dynamic economy of the world. It is expected the participation of more than 150,000 businessmen from all over China.   In order to open the Chinese market to the world actively, Chinese President Xi Jinping announced that China will hold the first International import Expo of China (CIIE) starting from 2018. [...]

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