Cyprus was one of the few countries that effectively faced the coronavirus pandemic, thanks to the prompt government action, but also the quality of its healthcare system and its climate.

Banks are now focusing on providing the widest possible support to the economy to minimise the pandemic impact and to safeguard the banking sector’s performance in the years ahead.

The key opportunity is our country's transition to the era of the fourth industrial revolution.

Cyprus’ strategic location, business friendly environment, efficient tax system and professional human capital create an ideal environment for the set up of family offices.

The discovery and exploitation of Cyprus’ natural gas offshore resources will be key in unlocking cleaner energy for Europe, the region and beyond.

Although a contraction is highly likely for 2020, we expect this to be smaller than that of the general economy and succeeded by a return to growth in 2021.

It is a challenging time with a reduction in business, with governments and companies tightening their belts to reduce costs.

The longer-term future of hydrocarbon development in Cyprus looks good, despite regional geopolitical challenges.

The discovery and exploitation of Cyprus’ natural gas offshore resources will be key in unlocking cleaner energy for Europe, the region and beyond.

I expect that the sector will adapt once again to the new business environment, as the country’s professionals foster their efforts towards the recovery of the sector.

...we are also working towards the implementation of a privately-owned fiber optic network for households that will deliver unbelievably fast bandwidth and a unique experience but will also upgrade the country’s infrastructure as a whole.

Telecom operators are being faced with unprecedented challenges in 2020 due to the Covid pandemic, which brought an ever-increasing demand for data communications for remote working...

Our aim is to deliver a steady and secure supply of cleaner, greener, more affordable energy to the people of Cyprus.

For certain, the use of technology in education will continue to play an important role for local education institutions.

Now is the time to invest in new sustainable technologies, to manage our energy resources and needs in an optimal way, to reduce the impact on the environment and to ensure our future energy security.

Cyprus’ financial services sector has reformed and transformed itself into a key pillar of the economy, and despite the global Covid-19 crisis, the island continues to see new business. Fintech and digital finance in particular are fast developing into thriving segments of Cyprus’ finance sector and could provide solutions to the many challenges the industry is facing.

Cyprus’ investment funds industry has recorded impressive growth over the past years. Although the future is a little less certain due to COVID-19, the arrival of more medium-sized funds is seen as an important step towards attracting an even greater number of international service providers.

Despite the tourism uncertainty prevailing globally, TourInvest unit’s efforts are currently focusing on supporting the sector through adjusting the right measures and facilitating regulations under the objective to lay the foundations for investment and to regenerate the sector.

Cyprus has a massive opportunity to position itself as a centre of excellence in production, research, genetics, and intellectual property in the Cannabis sector which, combined with a transparent regulatory and compliance framework make it an attractive country for the legal Cannabis industry to flourish.

The country continues to be a competitive financial centre with highly-skilled professionals and significant comparative advantages. These include among others, a stable and attractive tax system, an advantageous geographical location and a large double taxation agreement network.