Limassol – The Managing Director of Costas Tsielepis & Co Ltd, George Tsielepis, was featured in a special report on Limassol by Gold magazine earlier this month.

Most of the issue, which came out on 19 June 2022, was dedicated to Limassol and featured insights from the city’s leaders in their respective fields, including trade & industry, professional services, real estate, tourism, technology etc.

It also featured introductions from the Mayor of Limassol and the President of the Limassol Chamber of Commerce and Industry. 

Tsielepis, whose interview appeared on page 50, spoke about the many challenges with which the professional services sector is currently faced, the island’s tarnished business reputation and ways to turn things around, the importance of new technology in businesses, the advent of technology companies, and especially FinTechs, on the island and much more.

The outspoken Tsielepis predicted that “many professional service firms are involved in a marathon to win new business and it is likely that some may be unable to finish the race,” declared that “the professional services sector in Cyprus was built on foundations that are now outdated,” and that “it seems that lately, the Cyprus banks’ favoured approach is ‘no business, no risk’.”

Read the interview, featured below, for more.