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Prospects for the Year 2021 by George Tsielepis

Managing Director of Costas Tsielepis & Co, George Tsielepis offers his assessment on what lies ahead in 2021 in a special publication by Phileleftheros on 27 Dec 2020 called ‘The next day – How do we proceed’, in which the island’s top politicians, business leaders, decision makers and opinion moulders wrote about the challenges and opportunities they consider Cyprus will face in the coming year and beyond.

Last year, in Prospects for 2020, George predicted that our industry would be plagued by negative publicity related to money laundering accusations, golden passports given out to criminals and pressure by foreign governments and international supervisory authorities to put our house in order. He also warned that apathy and inaction would no longer be an option. Little did he know that Covid-19 would be added to all of the above.

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