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The Presidency of the Republic, in cooperation with the Cyprus Investment Promotion Agency, organised today an event with foreign investors who have been operating in Cyprus for the last few years, in the presence of the President of the Republic Mr.Nicos Christodoulides.
The aim of the event, which was attended by more than 100 investors, was to inform them about the recent initiatives undertaken by the Government to improve the business and investment environment in Cyprus.
In this context, the progress in the implementation of the Investment Attraction and Talent Strategy, which has been implemented since 2022, was presented, as well as its reinforcement with new actions, which were approved by the Council of Ministers on 7 February 2024. The event also provided an opportunity to record further needs and challenges faced by investors when transferring their business headquarters to Cyprus, as well as their operations in our country.
During the event, the President of the Republic, in his opening remarks, noted that the amendment of the Strategy was mainly based on the needs of the investment community as recorded during the roundtable discussion held during the summer.
The President of the Republic, in his opening remarks, pointed out that the amendment of the Strategy was mainly based on the needs of the investment community as recorded during the roundtable discussion held during the summer. He stressed the maintenance of conditions of stability in the economy as a prerequisite for attracting investment, noting that Cyprus' ranking in the investment grade by all the Rating Agencies is a vote of confidence in the Government's prudent policies.
He also referred to key actions of the Annual Governance Plan 2024.
In conclusion, President Christodoulides assured investors that the Government will continue to be in constant dialogue with them, with the aim of making Cyprus one of the most attractive destinations to live, work and do business.
The Ministers of Finance, Interior, Energy, Trade and Industry, Labour and Social Insurance and Education, Sports and Youth presented the actions taken by the Government as a result of the dialogue with investors.
The actions mentioned concern, among others, the new Housing Policy and the "Built-to-Rent" project, the possibility of electronic application for obtaining permits for Renewable Energy Sources (RES) projects, the implementation of the Strategic Investments Law, the progress in the adoption of the Blue Card and the amendment of the regulation on the age of enrolment of children in schools to ensure the smooth continuation of their education in our country.
(PM/NYAN/EATH)
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