Deputy Minister highlights Cyprus’ investor-friendly environment at Athens event

07:55 - 01 November 2024

Economy Reporter

Deputy Minister to the President, Irini Piki, stressed Cyprus’ commitment to fostering a stable, responsible, and reform-driven economic environment addressing an event in Athens hosted by Invest Cyprus in cooperation with the Embassy of the Republic of Cyprus.

The event aimed to spotlight Cyprus as a key destination for investment and business development, was attended by ambassadors from various countries accredited in Cyprus and based in Athens.

Through a strategy based on stability and predictability, Cyprus offers exceptional opportunities for investors seeking growth and a stable environment in the Eastern Mediterranean region, said the Deputy Minister, according to a statement from the Cypriot Presidency.

Piki also outlined the government's vision for Cyprus by 2035, that includes becoming digitally advanced and competitive in high-value sectors. She noted that the complete digitization of services would boost productivity, creating an environment that can swiftly adapt to investor needs.

She further highlighted Cyprus’ growing diplomatic relations, underscoring its role as a pillar of stability in the region.

“With our robust infrastructure, transparent and competitive tax system, and highly skilled workforce, Cyprus is the ideal base for companies looking to expand into the Eastern Mediterranean and beyond,” she added.

Invest Cyprus Chairman, Evgenios Evgeniou, in his address noted that, despite recent geopolitical challenges, Cyprus’ economy has shown one of the highest growth rates in the European Union. This growth, he noted, is bolstered by the trust that foreign investors place in the Republic of Cyprus.

(Source: CNA)

Deputy Minister highlights Cyprus’ investor-friendly environment at Athens event

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