Philip Ammerman, founder of Navigator Consulting and Numenor Capital Partners, provided the keynote speech at the May 2019 BestInvest Cyprus conference. BestInvest Cyprus is an annual conference that brings together major investors in Cyprus together with government officials, specialists and other professionals from the sector. This year, 5th BestInvest Conference was held at the Saint Raphael Hotel & Marina on 13-14 May. Philip’s speech was entitled Assessing the Cyprus Inv

The economic, political and social situation in Cyprus remains mixed. Although Cyprus has exited the bailout, it is clear that the reform drive of the government had faltered, and that political support by other political parties has fractured. And while some very positive investments have been announced, the economy remains dominated by three sectors and economic headwinds, such as declining competitiveness and a high non-performing loan stock remain unaddressed. This articl