Cyprus Forum Promotes Island as Key Business Hub for Lebanese Firms Seeking EU Access

On Monday, the Cyprus Chamber of Commerce and Industry (Keve) and Invest Cyprus co-hosted a forum aimed at positioning Cyprus as a strategic gateway for Lebanese businesses seeking access to the European Union. The event, titled ‘Discovering Cyprus: A Hub for Business Growth and Opportunities’, was described by the organisers as a “significant step towards strengthening business and economic ties between Cyprus and Lebanon.”

The forum highlighted the “strategic opportunities for collaboration,” emphasizing Cyprus as a crucial hub not only for the European Union but also for Mediterranean and Middle Eastern markets.

Keve president Stavros Stavrou welcomed a business delegation from the French-Lebanese Chamber of Commerce and Industry, setting the tone for cross-border collaboration. In his remarks, Stavrou underscored the unique advantages Cyprus offers as a business destination, including its attractive business environment, competitive tax regime, and strong legal framework.

“These factors make Cyprus an ideal location for Lebanese and international businesses looking to expand into European and global markets,” Stavrou said. He further noted the potential for trilateral cooperation between Cyprus, France, and Lebanon, an idea that “may be explored further in future discussions.”

The event also featured a presentation by Deputy Minister of Research, Innovation, and Digital Policy Nicodemos Damianou, titled “Cyprus: An Emerging and Rapidly Growing Regional Technology and Innovation Hub.” Damianou’s presentation focused on the reforms and investments Cyprus is implementing in its digital sector, which are “positioning the country as a base for high-tech services and a key data and connectivity hub.”

Following the presentations, the forum facilitated business-to-business meetings between Cypriot and Lebanese entrepreneurs. The organisers highlighted the importance of these interactions, stating that the meetings “provided valuable opportunities for networking and establishing business partnerships.”

“These interactions are expected to pave the way for not only trade exchanges but also joint investments, research projects, and innovative initiatives aimed at fostering sustainable growth and innovation,” the organisers concluded.

By fLEXI tEAM