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Alexis Vafeades

Alexis Vafeades

Minister of Transport, Communications and Works

Our main scope is to increase efficiency and cost-effectiveness in transporting goods and the population in general, to enhance the attractiveness and quality of the urban environment and to reduce greenhouse gas emissions and energy consumption.

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Cyprus emerging as top FDI destination in Europe, says Invest Cyprus CEO

Cyprus emerging as top FDI destination in Europe, says Invest Cyprus CEO

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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 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.

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  • Economy Overview

    Following the banking crisis of 2013, Cyprus exceeded expectations and propelled itself into a front-runner as one of the fastest growing EU economies.

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  • Foreign Direct Investment

    Cyprus has attracted formidable foreign investment over the last five years with billions of euros flowing into multiple sectors.

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Cover of Country Report 2019
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Cyprus Investment Funds Guide 2024-2025

Cover of Country Report 2019

Click here to Read the 2024-2025 CIFA Investment Funds GuideSign up to receive news and industry insights on key business developments in Cyprus.

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