THE DRASTIC changes since the March bailout have left many of us overwhelmed.
We no longer feel in control of our finances. What we can and cannot do with our bank accounts changes weekly. We don’t always get clear answers from banking staff. In terms of our property, thousands of us remain without title deeds and we’re in the dark over how the terms of the bailout will affect us. And then, there’s the Immovable Property Tax, another source of confusion for many.
These are just some of the issues a new service from the Sunday Mail will help to explain.
We have enlisted the help of Dr George Mountis to offer advice to readers. Co-founder of The Parthenon Partners and co., Mountis specialises in mergers and acquisitions, corporate and real estate finance and strategic planning.
He has worked in London as a real estate investment analyst for CB Richard Ellis (Global Corporate Services) and for HSBC in the M&A UK team. He later joined the Hellenic Bank in Cyprus and worked at the Bank of Cyprus until 2013.
“It can be relatively expensive to get a formal expert opinion, and people often have a hard time getting up to date information on subjects such as deposits and interest rates,” Mountis said.
Especially in the months immediately following the bailout, government services were so busy catching up with changes, they did not always have time to translate information to English leaving many non-Greek speakers in the dark, he added.
The aim of the service is to address those gaps by providing practical advice, enlisting a network of experts to answer specialised questions, or directing readers to where they can find answers for themselves.
Advice is free, but readers should apply common sense when choosing whether it is relevant in their situation.
Mountis cannot replace a paid-for adviser and can accept no responsibility for advice taken out of context. But there are often little or big things that people want to know about.
As a visiting fellow at the University of Birmingham, Neapolis University and University of Cyprus, and with a number of academic and trade publications on specialist issues, Mountis has a useful wealth of knowledge to share, and the contacts to look up answers to areas outside his specialisation.
Mountis is currently a member of The British Bankers Association (BBA), Member of The Royal Institution of Chartered Surveyors (RICS), Member of ETEK (Valuations), Member of The Chartered Institute of Marketing (MCIM), and Member of The Cyprus Economic Society (CES)
Simply email your query to ([email protected]) and include your name and contact details and Mountis will do his best to provide clear, concise answers. Queries and the response will be published each Sunday. Personal details will be withheld on request.