Nikos Christodoulides, the President of the Republic of Cyprus, is poised to make a strategic visit to three American states aimed at bolstering the island’s investment landscape. This initiative takes center stage as Cyprus pursues its ambition of cementing stronger economic ties globally. Recently addressed in a significant meeting at the Presidential Palace with Alpha Bank representatives from Greece and Cyprus, the urgency of this investment mission was underscored.
President Christodoulides highlighted Cyprus as one of the EU’s fastest-growing economies with a 3.4% growth rate. With public debt reduction as a priority, the target is clear: decrease from 68% to 60% of GDP.
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Emphasizing the Government’s responsible economic strategies, Christodoulides remarked, “We cannot take economic stability for granted, especially given past errors.”
Another focus is tackling workforce limitations through strategic overseas campaigns, such as those launched in London, to attract back highly-skilled Cypriot professionals. Harnessing local talent is expected to propel innovation and enhance the economy’s resilience.
President Christodoulides’ upcoming journey is expected to forge new opportunities, drawing global investors’ attention to Cyprus’ burgeoning market.
