Looking at the new high-rises along Limassol’s promenade, it is easy to forget Cyprus came close to financial collapse four years ago.

“It’s just a bad memory now,” says Dieter Rohdenburg, a vice-president with the Cyprus Shipping Chamber, who has lived on the island for 27 years as chief executive of Intership Navigation.

The crisis, following the collapse of two major banks in 2013, struck at the heart of the island’s role as Europe’s biggest shipmanagement hub.