Some WG Economic Info

A bit of off-topic about economy and finances of Cyprus.

– During the Cyprus bank crisis in November 2013 Wargmaing and hedge-fund, Third Point, each acquired 30% of shares in the Cypriot Hellenic Bank paying 40mil Euro each. Before the acquisitions the main shareholder was the Church of Cyprus. A year later, both investors spent 45mil Euro each to purchase additional shares.

– We can’t exclude that Wargaming has professional economists and financiers. But from what is written above, it’s very likely that the appearance of the office in Nicosia, Cyprus, isn’t just because of the purchase, but from a complicated financial operation on the basis of the financial crisis in Cyprus. It’s likely Wargaming has invested in Cypriot economy and, as a result, has got an office.