2nd Annual
Financial Markets Forum

The forum's mission is to bring the most important market players, regulators and consultants together around the same table to discuss the most pressing issues and develop effective solutions.

About forum

Cyprus is a globally recognised financial and business center due to its regulatory framework and transparent tax system. As an industrialized jurisdiction, Cyprus is rightly one of the most advanced markets in Europe, both from a regulatory standpoint and in terms of the introduction of innovative financial services. The government has a strong focus on innovation and research, which is closely linked to the development of fintech, and participates in many international blockchain initiatives. The Annual Financial Markets Forum in Cyprus will discuss the development of markets in an era of de-globalisation, digitalisation and the use of big data in the financial sector, as well as the ESG agenda and sustainable finance.

Cyprus | Limassol
Parklane | October 5

One of the key themes of the forum is attracting investment and companies to Cyprus. The island is located at the crossroads of three continents - Europe, Africa and Asia. This strategic location makes the country an extremely attractive jurisdiction for investors from the EU, Asia and the Middle East.


The forum is planned to be held annually, which will help financial market participants to systematically exchange experiences and address specific industry issues.

09:00 - 10:00
Registration, welcome coffee
09:55 - 10:00
The host of the Forum: greetings and introduction of the participants
10:05 - 10:30
Keynote address
Minister of Finance Mr. Makis Keravnos

The ever-changing international landscape presents new unprecedented challenges for economies across the world. At the same time, digital transition, and evolving opportunities for diversification provide smaller countries with unique place within the shifting global setting. Governments, institutions and businesses should show their readiness to tackle the current crisis through flexibility and openness to new, bold approaches.

  • Unfolding Cyprus potential amid global uncertainty
  • Coordinating the advancement of AML practices, application of sanctions and the fight against corruption
10:30 - 11:30
Navigating the Change in the International Sanctions Environment

Evolving international challenges, including the ongoing war in Ukraine, disruptions in energy and commodity markets, and the intensifying sanctions environment in a highly globalized world are contributing to the unprecedented challenge. Seeking to navigate the shifting international framework, countries and businesses form partnerships and identify best practices for the evolving global landscape.

  • Drawing lessons from the Cypriot approach to the shifting international framework
  • Navigating challenging compliance dilemmas in the context of multi-jurisdictional sanctions
  • Applying best practices for evaluating international compliance weak spots
  • Mitigating corporate risk under sections regimes and contributing to the institutional transparency


  • Andreas Gregoriades, Board Member KPMG in Cyprus, Chairman of the AML and Compliance committee of the Institute of Certified Public Accountants in Cyprus (ICPAC)
  • Nicos Chimarides, new President of Certified Public Accountants in Cyprus (ICPAC)
  • Constantinos Papanastasiou, CFA Deputy CEO at EFG Cyprus Limited

Moderator: Maria Clappa
Partner Tassos Papadopoulos & Associates LLC

11:30 - 12:00
Coffee break.
12:00 - 12:45
Cyprus: A New Chapter Ahead for Business and Investment

The Cypriot economy has shown resilience to crises over the past years and is among the top economies worldwide in terms of post-pandemic foreign direct investment recovery. Cyprus now opens, attracting international investments, emphasizing country’s commitment to fostering economic growth and diversifying its growth model according to the new economic vision.

  • Implementing a new investment strategy: overcoming challenges and identifying opportunities
  • Attracting businesses and talent: elaborating favorable regulation and business environment
  • Developing digital infrastructure as a foundational pillar of the new growth model
  • Public-private synergy: business contribution to the Cyprus strategic vision


  • Nikolay Shestak, Partner at Zubr Capital
  • Ugne Buraciene, Group Chief Executive Officer at payable
  • Natasa Pilides, Former Minister of Energy, Commerce and Industry of the Republic of Cyprus

Moderator: Marios Giorgoudis, General Manager at TechIsland

12:45 - 13:30

International business: Cyprus as an Emerging Business Centre of the Eastern Mediterranean

Providing a platform for Cyprus International Business Association CIBA for a vivid dialogue about relevant issues and challenges

Having showed notable resilience in 2022, recording significant growth of 5.6%, despite the negative international environment, the Cypriot economy is expected to grow by 2.5% in 2023, well above the euro area average. The economic growth of Cyprus was largely supported by new international business ventures. Due to new incentives, many high value-adding foreign companies have been attracted to Cyprus, further supporting Cypriot GDP, and reinforcing the vision to transform Cyprus into an emerging technology hub.

  • Fintech: contributing to the transformation of the Cypriot economy.


  • Timur Turlov, Founder and CEO Freedom Holding Corp.
  • Kyriakos Kokkinos, ex-Deputy Minister of Research, Innovation and Digital Policy
  • Mr. Christodoulos Papadopoulos – CEO of GEEVO and President of Cyprus Association of Information Protection and Privacy (CAIPP)

Moderator: Constantinos Petrides, ex-minister of Finance of the Republic of Cyprus



Participants at the forum include the Ministry of Finance of the Republic of Cyprus.

KeravnosMinister of Finance
Republic of Cyprus
Turlov Founder and CEO
Freedom Holding Corp.
Petrides ex-minister of Finance
Republic of Cyprus
Papanastasiou CFA Deputy CEO at EFG Cyprus Limited
ShestakPartner at Zubr Capital
GiorgoudisGeneral Manager at TechIsland
ClappaPartner Tassos Papadopoulos & Associates LLC
Kokkinosex-Deputy Minister of Research, Innovation and Digital Policy
BuracieneGroup Chief Executive Officer at payable
PilidesFormer Minister of Energy, Commerce and Industry of the Republic of Cyprus
GregoriadesBoard Member KPMG in Cyprus, Chairman of the AML and Compliance committee of the Institute of Certified Public Accountants in Cyprus (ICPAC)
Chimaridesnew President of Certified Public Accountants in Cyprus (ICPAC)


Registration FORM