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Invest Cyprus President Evgenios Evgeniou has called on the Cypriot business community to contribute ideas in line with the priorities of the new development model outlined in the country's long-term strategy, 'Vision 2035.' Speaking at an Economist conference in Nicosia, Evgeniou highlighted Cyprus' impressive global ranking as the third-highest in recovering foreign direct investments post-pandemic.
Despite this success, he cautioned against complacency, stressing the importance of sustainable projects in priority sectors such as renewable energy, energy storage, health, hospitality, and agriculture. Evgeniou encouraged entrepreneurs to share ideas, revealing that ten projects aligned with the new development model are currently underway.
"At Invest Cyprus, our priorities are aligned with the new development model, and for this, we are focused on sustainable projects, in priority sectors, with an emphasis on renewable energy, energy storage, health, hospitality, and agriculture, projects that have the element of sustainability," emphasized Evgenios Evgeniou.
President of the Cyprus Securities and Exchange Commission (CySEC), George Theocharides, emphasized the need to enhance the efficiency of the European capital market to boost transparency, liquidity, and create a conducive environment for both domestic and foreign investors. He stated, "If we do this, we will increase investment flows and strengthen economic development within the EU." Theocharides discussed ongoing discussions on new regulations for European long-term investment funds (ELTIFs) and Fund Managers in Undertakings for Collective Investment in Transferable Securities and Alternative Investment Funds (UCITs, AIFs).
"Ongoing negotiations at the European level should result in a more proportionate and more effective supervisory framework for issuers, facilitating their access to European capital markets," concluded George Theocharides.
By fLEXI tEAM
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