Tag Archives: cyprus

Russian money targeted in Cyprus

Since Lehman Brothers failure in 2008, there was kind of general feeling that governments would not allow any further banking failures that would either ruin common depositors or trigger a new systemic banking crisis. In the Eurozone, not all governments have the financial credit to abide by this pledge, which makes bailing out banks a difficult exercise.

1€ at the bank in Cyprus worth less than 1€ in the pocket

In the case of the Cyprus bailout, the solution of levying a tax on deposits was felt by Cypriots as a breach of confidence, since the E.U. promised to fully guarantee deposits below 100,000 euros. An alternative scheme to apply the tax only above that threshold would be seen at targeting specifically Russian money : Cyprus is the main financial center used by Russian businessmen to invest abroad and reinvest their money in Russia. 

It is not clear how the situation will be resolved next week. But when the dust settles down, we can expect some of the leading financial centers to send welcoming signals to Russian businessmen : LuxembourgForFinance, TheCityUK, Paris Europlace will be on the line – and the Asians, of course: Hong-Kong and Singapore.

Some of the companies based in Cyprus to whose directors they will want to talk:

Alfa Capital Holdings (Cyprus) Limited, Apg Polyplastic Group Limited, Brokercreditservice (Cyprus) Limited, Celico Productions Co Limited, Crudex Cy Enterprises Limited, Eurosibenergo Plc, Globaltrans Investment Plc, Itera Pet Limited, Lada International Limited, Lorell Limited, Lukoil Cyprus Limited, Ogata Property Limited, Ojsc Promsvyazbank, Prestigio Plaza Limited, Rai Consultants Public Limited, Reserve Invest (Cyprus) Limited, Retal Industries Limited, S.L. Capital Services Limited, Tdam (Cyprus) Limited, Unicom Management Services (Cyprus) Limited, Uniservices Limited, UralChem Holding P.L.C., Urals Energy Public Co. Ltd., Valars Holding Limited, Vision International People Group Public Ltd., Xxi Century Investments Public Limited, …

Further reading : Indian, Chinese, Russian and Japanese directors in European Big Business – an onomastics view [2/2]

About FDIMagnet,

FDI Magnet is NamSor™ offering for Investment Promotion. We use our unique data mining software to offer differentiated Foreign Direct Investment (FDI) services:

–   Diaspora Direct Investments (DDI)
–   Smart Investors Targeting & CRM
–   FDI Targeted Communication

Follow @FDIMagnet, join the LinkedIn group or email us at contact@fdimagnet.com

Leave a comment

Filed under General

Indian, Chinese, Russian and Japanese directors in European Big Business – an onomastics view [2/2]

Today, with this map of Japanese and Russian business communities in Europe, we complete an earlier post about Indian and Chinese presence in European economic affairs (*).

Japanese and Russian Business Comunities in EU plus Switzerland (vF)

The map would look different if we filtered information according to certain sectors (industry, trade, energy,…) but as it is, what does the picture tell us?

Besides showing the obvious and the well-known (a strong Russian business community in Russia’s traditional zone of influence, for example in the Baltic’s Lithuania, Latvia, Estonia ; a predominance of Russian businessmen in Cyprus international “offshore” financial holdings), it reveals several less expected features.

Firstly, one would expect Germany to be a stronghold of Russian business in Europe, due to the high level of trade between Russia and Germany. It may be so, but while there are many company directors with Russian names, there are even more Chinese, Indian and Japanese businessmen  in Germany.

Secondly, there is a clear Japanese preference in favour of Belgium and the Netherlands for Foreign Direct Investments (FDIs) and as an entry door for trade with Europe.

Thirdly, while Indian and Chinese directors share a similar profile to select European target countries for FDIs and trading, Russian and Japanese businessmen demonstrate more polarization: they generally make different choices.

Keep posted ! Follow us on Twitter or join the Onomastics group on Facebook

©2012 NamSor™ – All rights reserved.

(* We show the density of Japanese and Russian company directors expressed relatively to the total density of Japanese, Russian, Indian and Chinese presence, measured using the onomastics of about half a million company directors of the largest companies of all sectors, in the European Union plus Switzerland. Accuracy of name classification software is typically in the range 75%-95%)

5 Comments

Filed under EthnoViz, FDI Magnet

Indian, Chinese, Russian and Japanese directors in European Big Business – an onomastics view [1/2]

In December 2012, we attempted to show graphically the cultural origins of about half a million directors of companies registered in the European Union (plus Switzerland). We found that twenty years after the official creation of the European Union, the European economy is still highly fragmented according national considerations (Greek companies have Greek directors, etc).

Amongst the colourful European company directors onomastics mille-feuille, four tiny layers represent the Indian, Chinese, Russian and Japanese names. There can be different reasons why a company director of such foreign origin should be on the board of a European company:

– the company may be the subsidiary of an Indian, Chinese, Russian or Japanese company,

– the company may have made significant investments abroad (joint-ventures, etc.) with Indian, Chinese, Russian or Japanese partners,

– the manager (or his ascendants) may have emigrated from his original country, before he made his way to the top locally,

– the director may have been recruited globally for his particular management skills.

Image

In the map top left, we look at the relative share of Indian directors comparatively to Indian, Chinese, Russian and Japanese directors in each country. Not surprisingly, the Indian business community is strong in Great-Britain but other strongholds include Denmark and Luxembourg.

In the map top right, we see that Chinese businessmen are relatively very present in Switzerland and Germany.

If Indian and Chinese businessmen seem to desert Netherland, this is due to the strong Japanese business community. In the same way, both Indian and Chinese are relatively absent from Cyprus, a location favoured by Russian businessmen to create financial holdings and redirect investments towards Russia.

About FDIMagnet,

FDI Magnet is NamSor™ offering for Investment Promotion. We use our unique data mining software to offer differentiated Foreign Direct Investment (FDI) services:

–   Diaspora Direct Investments (DDI)
–   Smart Investors Targeting & CRM
–   FDI Targeted Communication

Follow @FDIMagnet, join the LinkedIn group or email us at contact@fdimagnet.com

4 Comments

Filed under EthnoViz, FDI Magnet, General