Home

As recent international events have proved, the globally integrated economy does not allow us the luxury of focusing our attention on purely domestic issues. With adverse developments in different parts of the world now shaking the economies of previously unrelated markets, it has become painfully clear that an awareness of global economic trends is an indispensable tool in giving businesses a fighting chance of survival. Initially, we all believed that 2011 would be a stress-free year for the globaleconomy. As the effects of the financial crisis seemed to fade, Europe’s sovereign debt crisis appeared less acute and investor confidence began to grow, many believed that 2011 would be a year of modest recovery. With the benefit of hindsight, however, we all know that 2011 has proved to be quite the reverse, and what we have experienced so far is a year fuelled by crisis. While the turmoil in the Middle East put oil markets on edge, Japan’s tsunami disaster reignited investor aversion to risk and cast a shadow over the future of nuclear power as a crucial tool against global warming. Most critically for Cyprus, Greece is still on the verge of financial ruin and in flagrant violation of the inflation and deficit limits set by the European Central Bank. In the aftermath of a year of constant crisis, what are the top-priority issues for local business leaders and how profoundly has the credibility of the European Union and economy been affected?

The 2nd Limassol Economic Forum, organized by IN Business magazine in association with London School of Economics and Political Science and Cyprus LSE Alumni Association,brought together some of the most influential politicians, economists, business leaders and experts from Cyprus and abroad. This high-level business forum was aimed at senior executives who are genuinely interested in influencing Cyprus’s economic and business development.

The 2011 forum consisted of keynote presentations and panel discussions exploring issues related to the European Economy, the national debt debate, the eurozone crisis and the authority measures needed to revive the economy.