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Investment forum in London by Financial Times & Invest Cyprus – Cyprus' advantages highlighted by Irene Piki and Evgenios Evgeniou (pics & video)

An international conference entitled 'Investing in Cyprus: Risk, returns and FDI flows in the Eastern Mediterranean' was recently held in London to promote Cyprus as a reliable investment destination in the Eastern Mediterranean. The conference was organised by Invest Cyprus in collaboration with FT Locations.

It was held on 26 February at Bracken House, the headquarters of the Financial Times in London.

The event was described as particularly successful, attracting strong interest from the investment community in the United Kingdom and Europe, while it is part of a broader strategy of international presentations, with six more similar events planned in the near future, three in the UK and three in the United States.

The event brought together fund managers, private market investors, insurance organizations, institutional bodies, policymakers and business executives, who examined, from the perspective of the institutional investor, the prospects of Cyprus and the wider region.

 

 

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The forum was attended by Deputy Minister to the President Irene Piki, who took part in a discussion on the competition for attracting capital and trends in foreign direct investment in a changing international environment. As she stated, the Government's priority is to strengthen the country's investment proposal through speed, certainty and transparency, so that quality investments can effectively move from the stage of interest to implementation. At the same time, Piki underlined the strategic emphasis towards strengthening the credibility of the economy, implementing reforms and attracting investments that support sustainable development and the diversification of the production model.

The opening remarks by Invest Cyprus Chairman Evgenios Evgeniou were particularly significant, highlighting the changing international investment landscape. As he noted, in a period of increased geopolitical complexity, reconfiguring supply chains and reshaping economic alliances, capital is becoming more selective and disciplined, seeking stability, regulatory credibility and predictable governance, rather than simply high returns.

 

 

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In this context, he stressed that Cyprus should not be treated as a small market, but as a strategic European platform with regional reach. As a member state of the European Union and the Eurozone, with a common law legal system and full access to the single market, the country offers, as he said, a solid springboard for activity both in Europe and in the wider Eastern Mediterranean region.

Evgeniou highlighted the strong macroeconomic figures of the Cypriot economy, highlighting the high growth rates of recent years, the reduction of public debt below 60% of GDP, unemployment at full employment levels and the recovery of investment Grade A from international rating agencies. He stressed that this progress is not cyclical, but the result of targeted reforms, fiscal discipline and strengthened supervision.

 

 

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He made particular reference to the role of foreign direct investment as a central pillar of the development strategy, with an emphasis on attracting highly specialised companies and sustainable investments with a long-term horizon. He also highlighted the dynamics of the ICT technology and services sector, which is evolving into one of the fastest-growing sectors of the economy, contributing substantially to the diversification of the production model.

Concluding, Evgeniou pointed out that Cyprus offers not only investment opportunities, but also strategic cooperation to those seeking stability, access to markets and sustainable development, confirming the country's ambition to establish itself as a reliable hub of capital and business activity in the wider region.

 

 

The event was attended, among others, by the Chairman of the Cyprus Securities and Exchange Commission, Dr. George Theocharides, contributing to the discussion on the regulatory framework and investment flows in the region, as well as the Secretary General of the Cyprus Chamber of Commerce & Industry (CCCI), Philokypros Roussounides, who participated in the panel on “Private Equity and Venture Capital – Doing Deals in Cyprus and the Eastern Mediterranean”.

During his intervention, Roussounides emphasised that Cyprus has a stable and internationally competitive tax and regulatory framework, noting that, however, in the modern international investment reality, capital and business establishment decisions are evaluated using multi-factorial criteria.

As he states in his post on X, "institutional credibility, regulatory clarity, speed of administrative procedures, infrastructure, human resources and overall quality of life are determining factors of competitiveness. Cyprus is on a path of structural transformation, with the strengthening of the technology, fintech, digital services and innovation sectors, consolidating its role as a reliable European jurisdiction with strategic importance in the Eastern Mediterranean".

"The Cyprus Chamber of Commerce and Industry continues to work systematically to shape a stable, predictable and competitive business environment, strengthening the international position of our country," he concludes.

 

 

 

(Source: InBusinessNews)

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