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11.07.2011
Euroglobal, Cyprus – strategic developments
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BKR member firm in Cyprus, Euroglobal SEE Audit Limited, have implemented a number of strategic changes and developments. The board of directors have decided to proceed with changes in the leadership structure thus to further manage their growth and capitalise on arising opportunities.

One of the changes is closer cooperation with Eurofast Taxand. The reasons decided to strike this cooperation are many, including taking advantage of synergies. Euroglobal have been receiving a number of inward referrals from Eurofast recently due to the fact that Eurofast is itself recipient of work from multinationals requiring tax advice. Any other service is usually out of the scope of the referral, therefore during this cooperation Euroglobal has won a number of referrals from Eurofast. Companies requiring both accounting and auditing services have been referred to Euroglobal and onwards to BKR firms worldwide. Several of the referrals were multi-jurisdictional and therefore a number of BKR firms were recipients of new work, especially in Europe.

The new leadership structure elevates Chris Damianou to the role of Chairman of the Board of Euroglobal and, facilitating the closer cooperation with Eurofast Taxand, he has been appointment Director of International Tax.

As a part of the planned transition, Chris Damianou, Angelos Theodorou and Iulia Lascau will provide input and guide Firm strategy, support the Firm’s development process and maintain a dialogue with significant clients of the Firm to ensure continuing satisfaction with the Firm’s services. The Board was also enriched with the appointment of Evita Bergmane and Doros Kyriacou to Directors and Marko Milojevic in Belgrade and Alin Stan in Romania, reinforcing the Regional Management Team.

The closer cooperation was agreed with Eurofast Taxand as a strategic alliance aiming to accelerate the growth of both firms. Euroglobal and Eurofast have been cooperating for a number of years in South East Europe sharing offices in some countries in the Region.

By formalising the cooperation Euroglobal believe they, and extensively BKR International, will be in a better position to capitalise on Eurofast Taxand’s outward referrals of work of multinationals. As a firm, and through BKR International, Euroglobal have become well suited and structured through their client centric approach, to offer an unparalleled service compared to that which clients would receive from any Big 4 accounting firm.

For updated information please visit Euroglobal’s website http://www.euglobal.eu

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