CyprusProfile.com asked Paul Pavli, Managing Director Oneworld Plus Management, to describe the current situation within his sector and what his expectations are for 2021.

The pandemic has affected the way we work, interact and source new clients. Closing a relationship usually required a due diligence visit to a client or from a client involving cross-border travel and sourcing of new business was via seminars and conferences, which are both no longer occurring. It is a challenging time with a reduction in business, with governments and companies tightening their belts to reduce costs.