Cyprus for Global Communications

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    John Hourican, CEO of Bank of Cyprus

    John Hourican

    CEO, Bank of Cyprus

    "Cyprus has charted a clear path out of the crisis. Although there is still a long way to go before we complete our journey from austerity to prosperi"

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    • Pioneering work in the relatively new field of heritage sciences is just one of several coups by the Cyprus Institute, the island’s leading science and technology institution, which has been in operation for just over a decade, says CyI President Costas Papanicolas.

    • The Cyprus citizenship and residency regimes are some of the best internationally, but more can be done to further improve the programmes and their reputation to ensure long-term benefits for the local economy, says Yiannos Trisokkas, Managing Partner, Henley & Partners.

    • Cyprus is fast becoming one of the top emerging international business hubs in Europe, due to its continuous efforts to upgrade its legislative and regulatory framework as well as its strong network of professional and financial services, says Marios A. Klitou, CEO, Baker Tilly South East Europe.

    • The strong performance of key sectors has contributed to a GDP growth rate close to 4% and with positive projections for the near future, Cyprus maintains its title as one of the fastest growing economies in the EU. The island’s quick economic turnaround has renewed investor interest and moves to strengthen both European and regional relationships in business and the energy sector, has positioned Cyprus to play a key role in the eastern Mediterranean, says President Anastasiades.

    Country Overview

    An Island Transformed

    Cyprus is going through exciting times of growth and development thanks to a renewed boost in confidence with foreign investors flocking back to its shores, attracted by the improved economic climate, large scale projects and bourgeoning prospects in the real estate, investment fund and energy sectors.

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    • Cyprus at a Glance

      Key facts and figures about the country, geography, people, government and economy plus 2018 public holidays.

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    • Country & People

      Vibrant business centres and tranquil villages; traditional values and cosmopolitan lifestyle; sun-kissed beaches, fertile valleys and snowy mountains: Cyprus is a land of contrasts with many faces. It…

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    • Economy Overview

      Overcoming the challenges of recent years, Cyprus has continued on a solid growth path and maintained its status as one of the fastest growing eurozone economies. With strong…

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    • Foreign Direct Investment

      Cyprus has regained its status as a serious contender amongst European FDI destinations thanks to its rapid economic turn- around and advantageous business operating environment. New luxury developments…

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    Cyprus Investment Funds Guide 2017

    Cover of Country Report 2017

    Sign up to download the Cyprus Investment Funds Guide and to receive news and industry insights on key business developments in Cyprus.

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