George Michail: Cyprus has been positioning itself as a model of economic resilience and opportunity in Europe

"I am happy to report that recent developments have justified our trust in the resilience and the potential of the economy of Cypru," George Michail, the CEO of IMH has noted.

Addressing the 13th Invest Cyprus International Investment Awards, presented by PwC Cyprus, he continued, "During the last few years, the country’s business model has been reinventing itself, focusing on sustainable growth, sector diversification, fiscal responsibility and opening to foreign investment, both in the form of FDI and in the form of company and private individual relocation."

The CEO went on to note that, "IMH has always supported and facilitated foreign investment in Cyprus and has always believed in its future as an attractive international business centre. I can see tonight in this room business leaders from all sectors, old and new investors on our island. Investors who share our vision that Cyprus is a great place to live, work and do business."

The 13th Invest Cyprus International Investment Awards, presented by PwC Cyprus are underway in Nicosia, in the presence of President Nikos Christodoulides.

George Michail's speech can be read in full below:

Your Excellency, President Christodoulides,

Dear Ministers, Members of Parliament, Ambassadors, Ladies and Gentlemen,

I would like to welcome you to the 13th Cyprus International Investment Awards.

Tonight, we are here to honour and express our appreciation to International Investors from diverse sectors of the economy, who have chosen to operate in Cyprus, investing hundreds of millions of euros and creating thousands of jobs.

IMH has always supported and facilitated foreign investment in Cyprus and has always believed in its future as an attractive international business centre. I can see tonight in this room business leaders from all sectors, old and new investors on our island. Investors who share our vision that Cyprus is a great place to live, work and do business.

I am happy to report that recent developments have justified our trust in the resilience and the potential of the economy of Cyprus. During the last few years, the country’s business model has been reinventing itself, focusing on sustainable growth, sector diversification, fiscal responsibility and opening to foreign investment, both in the form of FDI and in the form of company and private individual relocation. Cyprus has been positioning itself as a model of economic resilience and opportunity in Europe, achieving remarkable milestones that solidify its position as a thriving investment destination.

In the December 2024 issue of GOLD, our English-language business magazine, we declared 2024 as a year defined by foreign investment! Looking into 2025 and beyond we are even more confident that this trend will continue!

Ladies and Gentlemen,

I extend my congratulations to the outstanding organisations and business leaders receiving an award tonight. We are proud and honored to have such investors in Cyprus.

I would like to thank Invest Cyprus and the members of the Awards Committee for tonight’s event.

I would also like to thank our Sponsors: PwC, Eurobank, Ecommbx, Lanitis Group and Cyta Business.

Special thanks and congratulations go to the editorial team of GOLD magazine and all my wonderful colleagues at IMH.

I wish you all an enjoyable evening.

Thank you

The 13th Invest Cyprus International Investment Awards are presented by PwC Cyprus, with the generous support of Elite Sponsor Eurobank, Strategic Partner Cyta Business, and Gold Sponsors Ecommbx and Lanitis Group.