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George Vassiliou

President of Cyprus from 1988 to 1993

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Through United Nations and European Union

As president, he oversaw a successful period of economic reform and growth, the search for a diplomatic solution to the Cyprus problem through the United Nations, as well as the country's application for membership of the European Union and the first adaptations to European monetary and economic standards.

Early life

Vassiliou was born on 20 May 1931 in Famagusta, British Cyprus, to a Greek Cypriot family. He was the son of Vasos Vassiliou, an ophthalmologist and left-wing figure, and Fofos Vassiliou, a dentist. He grew up in Greece until 1941, when the family returned to Cyprus due to the Nazi invasion of Greece. Vassiliou studied at secondary schools in Paphos and Limassol, and at the American Academy of Larnaca, before going on to study medicine in Geneva, which he had to interrupt when his father volunteered as a doctor in the communist side during the Greek Civil War. After the monarchist victory, the Vassiliou family settled in Hungary and later Soviet Uzbekistan.

Vassiliou later moved to Vienna and then to Budapest, where, after working in a factory and as an interpreter for Greek refugees, he obtained a scholarship and studied economics at the Karl Marx University of Economic Sciences (current Corvinus University of Budapest), where he went on to earn a doctorate and was a student of Imre Nagy. He fled Hungary following the Soviet invasion in 1956 and continued his studies at the University of London. In 2018, György Markó's book The Rambo of Pest revealed that Vassiliou was a spy of the counter-intelligence in the Rákosi era, and after 1956 he was an informant for the Ministry of Interior under the name 'Gergely', and he reported on the economist János Kornai, among others.

Before returning to Cyprus in 1962, he worked as an economist and market researcher for the Reed Paper Group in the United Kingdom in 1971 and worked for British academic bodies. In Cyprus, he founded the Middle East Market Research Bureau, a successful consultancy business that grew to have offices in the Middle East, South Africa, and eastern and central Europe, which he led until 1988. Vassiliou also participated in economic programmes of the Cyprus Broadcasting Corporation.

He also taught at the Cranfield School of Management and was a speaker at several international conferences. He went on to publish the first book on marketing in the Middle East.

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