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Invest Cyprus Signs Strategic MoU to Enhance Business Ecosystem

by THEFUTURE.TEAM

August 29, 2025

Strengthening Business Competitiveness

Invest Cyprus and the Institute of Certified Public Accountants of Cyprus (Selk) have formalized their commitment to a robust partnership through the signing of a Memorandum of Understanding (MoU). This strategic agreement aims to fortify the nation’s business ecosystem by fostering increased collaboration and leveraging each organization’s unique expertise.

Unifying Expertise and Driving Investment

The MoU establishes a structured framework for cooperative initiatives, including business meetings, conferences, roundtables, and the development of sector-specific reports. Both organizations are poised to exchange vital insights on regulatory and economic trends, ultimately positioning Cyprus as an appealing destination for foreign direct investment. This coordinated approach is designed to elevate professional services and drive economic growth.

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A Shared Vision for a Sustainable Future

Evgenios Evgeniou, chairman of Invest Cyprus, remarked that the alliance mirrors a collective mission to enhance Cyprus’ international competitiveness while cultivating a transparent, sustainable, and thriving business environment. Similarly, Odysseas Christodoulou, chairman of Selk, emphasized that the agreement will further solidify the existing collaboration between the two entities, paving the way for increased job creation and long-term economic development.

Positioning Cyprus on the Global Stage

This high-profile partnership not only underscores the commitment of both organizations to advance Cyprus as a premier international business and investment hub but also reinforces the country’s dedication to upholding professional standards, transparency, and competitive focus in its economic agenda. By actively promoting innovation and regulatory excellence, Cyprus is set to emerge as a formidable player in the global business arena.

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EU Invests €79 Billion In Environmental Protection As Companies Lead Spending

European Union member states invested €79 billion in environmental protection assets in 2025, according to Eurostat, reflecting continued spending on infrastructure aimed at reducing environmental impacts and managing natural resources.

The investment represented 0.4% of the EU’s gross domestic product and 1.9% of total investment across the economy.

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Wastewater Treatment Receives The Largest Share

Wastewater treatment attracted the largest share of environmental protection investment, accounting for 37.7% of total spending. Waste management followed with 27.3%, while air and climate protection projects represented 11.2%.

Companies Lead Environmental Investment

Businesses accounted for €49.6 billion, or 62.7%, of total environmental protection investment. Spending focused on specialised technologies and equipment designed to reduce the environmental impact of production processes.

These investments included equipment to reduce air emissions, the construction and maintenance of wastewater treatment facilities, vehicles used for waste transport, and waste collection plants. Companies also invested in land for natural reserves and biodiversity protection.

Public Sector Provides The Remaining Investment

General government and non-profit institutions accounted for the remaining 37.3% of environmental protection investment.

Eurostat’s figures show that wastewater treatment, waste management and air and climate protection accounted for the largest share of environmental protection investment across the European Union in 2025.