FAMAGUSTA GAZETTE – Cyprus is charting a path of progress with clear long-term planning, President Nikos Christodoulides said Friday during a working breakfast with top executives from investment banks, funds, and venture capital firms.
The event marked the launch of the Cyprus Rebranding campaign.
Christodoulides emphasized the government’s commitment to fostering a stable, competitive environment that attracts investment, supports innovation, and creates opportunities.
He highlighted Cyprus’s economic growth, citing a 3.4% GDP increase, a primary surplus exceeding 4%, and a reduction in public debt to below 66% of GDP, with a target of 60% by 2026.
Unemployment has also dropped to 4.9%, with notable improvements among younger workers.
The President underscored Cyprus’s strategic location as a bridge between Europe, the Middle East, and Africa, facilitating trade and investment. He also pointed to strengthened ties with the United States, particularly through the US-Cyprus Strategic Dialogue, and praised the country’s attractive tax model and upcoming reforms aimed at boosting entrepreneurship.