Α Tycoon in Bank of Cyprus
In an interview with Fox Business tycoon Wilbur Ross explained why he decided to invest in Bank of Cyprus
In an interview with Fox Business tycoon Wilbur Ross explained why he decided to invest in Bank of Cyprus.
From the Venetian times in Cyprus to a meeting out side the Ministry of Finance of the Island with the CEO of Ryanair Michael O 'Leary, the founder of WL Ross & Co showed to have studied all aspects of the bank of Cyprus and of the economy of Cyprus in general. "Europe is recovering slowly,one country after the other and I think that Cyprus is the next country to recover. We buy a lot in Europeand and sell in the U.S.because Europe is in the early stages of recovery." When last week I was leaving the Finance Ministry, he said, the CEO of Ryanair was entering. Ross said he knows 'Leary from Ireland and told him that they could bring 2.5 million tourists on the island per year, now they arrive 500 thousand per year. He also referred to deals that are expected to create casino. W. Ross also appeared informed about the investment in Uniastrum, noting that Bank of Cyprus owns 80% of the banking Russia and one of the strategic decisions that should be take is what will happen on this. Commented, however, that the initial investment in Russia is"only"a few hundred million.He also commented that there is a change in Russia,and many Russians and Ukrainians go to Cyprus for a holiday.
Law Archive
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