1. EVELTHON G. IACOVIDES
Owner/President, Epsilon Consulting Ltd
Education
Master of Business
Administration, Arthur
D. Little School of
Management (Hult
International
Business School),
1986
Bachelor of Arts in
Economics,
Swarthmore College,
1985
Mr. Iacovides is the Owner/President of Epsilon Consulting Ltd in Nicosia, Cyprus.
He has 30 years of experience as an economist and management consultant with
expertise in small and medium enterprise (SME) management consulting, marketing
research, techno-economic feasibilities studies, small business training, and
environmental and socio-economic impact assessment.
As Principal of Epsilon Consulting Ltd (EPSCY, www.epsilon.gr), he supported
CSA with legal, regulatory, and socio-economic information on Cyprus in the
preparation of EIA-related documents. Furthermore, as a subcontractor to CSA,
EPSCY contributed to the preparation of the Permitting Plan for an onshore liquefied
natural gas (LNG) Plant for liquefying and exporting LNG from Cyprus. EPSCY also
organized the LNG Permitting Study Workshop to optimize the characterization of
the necessary permits and complying with existing and future laws and regulations.
In addition to the preparation of the socioeconomic and regulatory sections of EIAs
to support Noble Energy’s drilling program in Cyprus during the past four years
(2011 to 2016), he has been involved in the preparation of a permitting study for
offshore facilities, and EIAs for oil and gas projects. Mr. Iacovides has also been
involved in consulting small and medium enterprises in Cyprus, and in providing
economic analysis and business strategy advice in the context of several research
projects funded by the European Union (the latest two being “Smart Islands” and
“smeSpire”).
Mr. Iacovides established Epsilon Consulting in 1997 in Nicosia, Cyprus. He
currently teaches Operations Management at the University of Cyprus (Department
of Mechanical Engineering). Previously he taught Innovation and Entrepreneurship
and Management Consultancy in the MBA Programme of Kingston University in
Cyprus and International Marketing (in Greek and in English) at the Mediterranean
Institute of Management.
In a nutshell: I am an environmental/social/economic/nontechnical risk impact
assessment/management expert ; interim manager/director assignments
welcome. Contracts considered: short- and long-term; part-time and full-time
executive positions and board directorships also welcome. Able to travel
frequently.
EVELTHON G. IACOVIDES
+357 99 644753 | evelthon@epsilon.com.cy
EXPERIENCE
1997 to Present: Epsilon Consulting Ltd – Owner/President
 Co-founded Epsilon Consulting Ltd (EPSCY), a SME management, environmental, and
public policy consulting and training firm.
 Designed and implemented several project feasibility and market research studies, among
them a dead animal incinerator plant feasibility study for the Cypriot Ministry of Agriculture, an
urban taxi passenger demand determination study for the Cypriot Ministry of Communications
and Works, and several techno-economic feasibility studies for roads.

2. EVELTHON G. IACOVIDES
Owner/President, Epsilon Consulting Ltd
 Contracted (2001 to 2003) to set-up, organize, and manage the National Resource Centre
for Guidance (Euroguidance Centre Cyprus) as an Advisor to the Department of Labour
(Ministry of Labour and Social Insurance). The Euroguidance Centre is co-funded by the
Leonardo da Vinci Programme and the Government of Cyprus. Mr. Iacovides secured the
maximum possible funding for the Centre for Years 2002, 2003, and 2004. Mr. Iacovides also
prepared the Activity Plan for 2004 to 2007, and the Subsidy Request for 2004 to 2005, and
secured funding for EURES Cyprus by DG Employment and Social Affairs.
 Taught (since 1997) in English and in Greek International Marketing, and Innovation and
Entrepreneurship at the post-graduate level (MIM Programme of the Cyprus Productivity
Centre, and MBA Programme of Kingston University of the UK in Nicosia).
 Advised several Cypriot SMEs (in the context of EU funded programs) on all aspects of
SME management and development (1997 to present).
 Established himself as an opinion leader in Cyprus in the field of stock market and general
economic commentary through daily and weekly newspaper columns, and weekly TV
appearances since 1999 (he hosted a weekly TV current economic and business affairs
programme for 5 years, 2001 to 2006).
 Involved in several EU-funded research projects in the areas of water and environmental
policy, and location-based services.
1995 to 1996: Market Behaviour (Hong Kong) Ltd (now TNS, www.tns-global.com – Senior
Researcher
 Designed and implemented several quantitative and qualitative market research and overall
feasibility studies for Hong Kong, Chinese, European and American companies planning to
expand their activities in Asia.
 The products and services researched included fast-moving consumer goods, soft drinks
and juices, telecommunications technology, alcoholic beverages, financial services, crop
protection chemicals, etc.
 Based in Hong Kong, Mr. Iacovides also lived and worked in Vietnam, Thailand, and
Taiwan.
 TNS is the second largest market research organization in the world, with over 14.000 full-
time employees in 70 countries across the world.
1993 to 1995: Procter and Gamble Saudi Germany – Senior Planning Manager
 Responsible for market research for key strategic categories (diapers, oral care) and major
geographical area (Europe).
 Planned and coordinated market research projects to examine the overall feasibility and
profitability of the launch of new products, the relaunch of existing products, and the expansion
of the company’s operations in new countries.
 Designed, implemented and coordinated all types of marketing research projects for key
oral care brands in Germany and across Europe.
 Analysed research results and presented them to Management.
1991 to 1993: Procter and Gamble Saudi Arabia – Planning Manager
 Played a key role in setting up the Market Research Department, and in making it a
valuable and respected source of tactical and strategic management information.
 Responsible for market research activities aimed at strengthening major established
product categories (diapers and catamenials), which accounted for about 40% of the
company’s volume and profit.
 Responsible for market research activities aimed at expanding the company into new
profitable categories (fruit juices).

3. EVELTHON G. IACOVIDES
Owner/President, Epsilon Consulting Ltd
 Worked productively and harmoniously in a multicultural company environment, which
included colleagues from all over the Arab world, Europe, and the United States.
1988 to 1991: Procter and Gamble Saudi Arabia – Assistant Brand Manager
 Responsible for managing key strategic brands, and for increasing their volume, market
share and profitability through timely and well-executed relaunches, continuous cost reduction
initiatives, and meticulous day-to-day management.
 Worked productively and harmoniously in a multi-cultural company environment, which
included colleagues from Europe, the United States, and the Arab world.
1986 to 1988: The Cyprus Popular Bank (now Bank of Cyprus) – Account Manager, Corporate and
Institutional Finance Department
 Responsible for a portfolio consisting of more than 60 industrial and commercial
companies, and parastatal organisations. This represented 9% of the Bank’s loan portfolio.
The Department comprised 3 Account Managers and contributed 15% of the Bank’s profit.
TECHNO-ECONOMIC FEASIBILITY AND OTHER STUDIES
Techno-economic Feasibility Study for the Vati (Limassol) Sewage Disposal Site, 2013
Techno-economic Feasibility Study for the Saitas-Karvounas Road Project, 2011
Techno-economic Feasibility Study for the Nicosia-Palechori Road Project, 2004
Techno-economic Feasibility Study for the Astromeritis-Evrichou Road Project, 2004
Techno-economic Feasibility Study for the Nicosia Ring Road Project, 2004
Energy and Techno-economic study for the Total Muscles and Fitness Gym in Larnaca, 2003
Feasibility and preliminary EIA study for the construction of a Regional Abattoir in Athienou,
2002
Techno-economic and EIA Study for the rural road Kellaki-Eptagonia, 2001
Techno-economic and EIA Study for the new Highway from Paphos to Polis Chrysochous,
1998
URS Ireland (2004): Cyprus Hazardous Waste Legislation Review
ENVIRONMENTAL IMPACT ASSESSMENT STUDIES
Water Development Department (2004). Environmental Impact Assessment Study for the
construction of Ezousa River Water Pipe. Epsilon Consulting Ltd.
Water Development Department (2003). Environmental Impact Assessment Study for the
Tamasos Dam (Assessment 2 years after operation).
Municipality of Athienou (2001). Preliminary Environmental Impact Assessment Study for a
Regional Abattoir in Athienou.
Water Development Department (2001). Environmental Impact Assessment Study for the
water development projects at Palechori, (Palechori Dam).
Water Development Department (2001). Environmental Impact Assessment Study for the
water development projects at Kannavia (Kannavia Dam).
Water Development Department (2001). Environmental Impact Study Assessment for the
water development projects at Aradipou (Aradippou Dam).
Public Works Department (2001). Environmental Impact Assessment and Techno-economic
Study for the rural road Kellaki-Eptagonia.
Water Development Department (2000). Environmental Impact Assessment Study for the
water development projects at Pedieos (Tamasos Dam). Epsilon Consulting Ltd, Panicos
Nicolaides and Accosiates.
Water Development Department (2000). Environmental Impact Assessment Study for the
water development projects at Akakios river (Malounda Dam).
EUROPEAN AND OTHER INTERNATIONAL PROJECTS

4. EVELTHON G. IACOVIDES
Owner/President, Epsilon Consulting Ltd
INCO-MPC: Network on Governance, Science and Technology for sustainable water Resource
management in the Mediterranean. The role of DSS tools (NOSTRUM-Dss). Coordinator:
FEEM Italy, Sub-contractor: Epsilon Consulting Ltd. (2003 to 2006).
Euro-Mediterranean Regional Programme for Local Water Management. Development of tools
and guidelines for the promotion of the sustainable urban wastewater treatment and reuse
in the Mediterranean Countries (MEDAWARE). Coordinator: National Technical University
of Athens, Greece, Sub-contractor: Epsilon Consulting Ltd. (2003 to 2006).
Information Society Technology (IST) programme (2002 to 2005): Environmental Policy via
Sustainability Indicators On a European-wide NUTS III level-EPSILON. Coordinator:
National Technical University of Athens, Greece.
Commission of the European Communities, Directorate – General Information Society (2002 to
2005): Integrated Platform for Location–based Services– POLOS. Coordinator: National
and Kapodistrian University of Athens, Greece.
Geological Survey Department (2001-2004):‘Re-evaluation of groundwater resources of
Cyprus. Wuerzburg University, ESRI Germany, Hydroisotop, Epsilon Consulting.
TEACHING EXPERIENCE
2007 to Present: University of Cyprus (Department of Mechanical Engineering). Subject taught:
Operations Management (in Greek).
2007 to 2011: MBA Programme of Kingston University in Cyprus. Subjects taught: Innovation
and Entrepreneurship; Management Consultancy (all in English).
1998 to 2010: Mediterranean Institute of Management (postgraduate institute of the Cyprus
Productivity Centre, a department of the Ministry of Labour and Social Insurance, Republic
of Cyprus). Subjects taught: International Marketing (in Greek and in English).
1998 to 2010: Lecturer at the College of Tourism and Hotel Management (Nicosia, Cyprus).
Subjects taught: Corporate Finance (a Bournemouth University of the UK BA degree
course), International Marketing, Marketing (undergraduate); Management Decision Making,
Marketing, International Marketing, (postgraduate), all in English.
PROFESSIONAL AFFILIATIONS
European Association of Environmental and Resource Economists
Founding Member and Member of the Board of Directors (Treasurer) of the SME Research
Institute of the Cyprus Federation of SMEs (POVEK)
Nominated by the Government of Cyprus to participate in the European Union Expert Group on
Policy-relevant Research on Entrepreneurship and SMEs (2007 to 2009)
External Evaluator (2000-2010) of Project Proposals submitted under the Leonardo da Vinci
Programme of the European Union (DG Education and Culture)
Listed in the “ International Who’s Who of Professionals ’’ Directory since 2000
Paul Harris Fellow, Rotary International (since 1992)
Member (2013-14) and Chairman of the Board of Directors (2015-16), Cyprus Forest Industries
Public Ltd (appointed by the Council of Ministers, Republic of Cyprus)
LANGUAGES SPOKEN
English, Greek, German, French
Contact details
evelthon@epsilon.com.cy; evelthon.iacovides@gmail.com
Office phone : +357-22-499569; Mobile phone: + 357-99-644753