these are the types of offshore businesses from Russia doing business in Cyprus: article from doom bergs:
Mark Kurtser, a 55-year-old Russian gynecologist, has become a billionaire after shares of his MD Medical Group Investment Plc, Russia’s largest private provider of women’s and children’s health care, surged 42 percent in five months.
Kurtser, MD Medical’s chairman, controls 68 percent of the operation through Cyprus-based investment entity MD Medical Holding. The company sold shares in a London initial public offering in October, raising $154 million for expansion. The billionaire collected another $135 million from the IPO.
loans come with many strings attached : audits, inspections, regulatory agencies, supervision, guarantees , collateral, financial statements, monitoring ..... this might be too much for a country like Cyprus. They might be better off getting a loan from the Russian's or the Vatican banks in San Marino if they can manage a deal....
BKIR slow trading.... the holiday seems to have set in early friday....
russians havnt ruled out loan for cyprus and eu in talks on possible loan deal involving russians, Could see Decent rally mon morn for financials including our fkir if deal announced over weekend however i expect rally to be very shortlived.
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