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Cyprus Strengthens Its Position As An International Funds Hub: Key Takeaways From CIFA’s AGM

by News Editor

April 11, 2025

The Cyprus Investment Funds Association (CIFA) held its Annual General Meeting (AGM) on April 10, underscoring the country’s growing appeal as a global investment funds destination. With assets under management (AUM) now exceeding €9 billion and over 330 licensed investment entities operating in Cyprus, the sector is gaining serious momentum.

A Vision For Sustainable Growth

CIFA President Maria Panayiotou credited the industry’s progress to “vision, consistency, and collaboration.” Addressing the AGM, she emphasized the association’s commitment to fostering responsible capital flows, strengthening investor confidence, and ensuring Cyprus remains a competitive jurisdiction for investment funds.

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A major focal point of the AGM was the anticipated legislative changes aimed at reinforcing the regulatory framework. The long-awaited fund administration law is expected to be approved soon, alongside the proposed Foreign Direct Investment (FDI) Screening Law and national tax reforms—key steps in enhancing Cyprus’ attractiveness to international investors.

Strengthening Regulatory Foundations

CIFA is actively working with the Cyprus Securities and Exchange Commission (CySEC) to refine the Alternative Investment Funds Law and the Partnership Law, focusing on clearer legal definitions and ensuring alignment with evolving EU regulations. This collaborative approach is designed to bolster Cyprus’s reputation as a well-regulated, investor-friendly jurisdiction.

Expanding Global Reach

Following the success of its 2024 roadshow in Athens, CIFA is ramping up efforts to promote Cyprus as a fund domicile in high-growth markets. Germany and the Middle East have been identified as priority regions, with targeted promotional activities set to take place in the coming months.

Additionally, CIFA is partnering with Invest Cyprus to conduct a gap analysis of the fund ecosystem, identifying growth opportunities and addressing any existing barriers to expansion.

Talent Development And Financial Literacy

Beyond regulatory and promotional efforts, the AGM highlighted CIFA’s push for education and capacity-building. The association has expanded its member-training programs, offering specialized workshops and accredited sessions to keep industry professionals at the forefront of global best practices.

On a broader scale, CIFA continues to contribute to financial literacy initiatives through its role in the Cyprus Financial Literacy and Education Committee (CyFLEC), aiming to equip individuals with the knowledge to make informed investment decisions.

ESG Takes Center Stage

The AGM wrapped up with a panel discussion on environmental, social, and governance (ESG) investment trends, reinforcing the growing role of sustainable finance in shaping the future of the sector. With ESG compliance becoming a key differentiator in global capital markets, Cyprus is positioning itself as a forward-thinking player in this space.

Looking Ahead

CIFA’s AGM painted a clear picture: Cyprus is not just keeping pace with international fund trends—it is actively shaping them. With regulatory reforms in motion, strategic international outreach, and a strong emphasis on investor confidence, the country is set to further solidify its status as a premier investment funds hub in the years ahead.

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Cyprus Construction Price Index Rises Amid Cost Pressures

by THEFUTURE.TEAM

February 19, 2026

The latest data from the Cyprus Statistical Service (Cystat) shows that the Price Index of Construction Materials in Cyprus reached 118.89 points in January 2026, based on a 2021 average of 100. Compared with December 2025, the index increased by 0.12%, indicating gradual price adjustments across the sector.

Year-Over-Year Growth

On an annual basis, the index recorded a 1.09% increase compared with January of the previous year. The rise reflects ongoing changes in contractor costs and highlights evolving market conditions within the construction industry.

Commodity-Specific Movements

The report provides a detailed breakdown by material category. Minerals recorded the strongest annual increase at 2.91%, followed by electromechanical products at 2.55%. Products made from wood, insulation materials, chemicals and plastics rose by 1.19%, while mineral products increased by 0.97%. In contrast, metallic products declined by 0.49%.

Volatility In Sub-Categories

More pronounced changes were observed within specific sub-categories. Mineral aggregates rose by 8.34%, while stones increased by 4.97% compared with January 2025. Electrical fixtures posted a 4.65% increase. Iron and steel products declined by 1.73%, and ceramics and cement continued to trend lower, falling by 1.47% and 1.38% respectively.

Methodological Insights

The index is calculated as a weighted average based on the expenditure share of sampled materials during the 2021 base year. Prices are collected monthly from a range of suppliers, using the 15th of each month as the reference date and excluding VAT. The Construction Costs Index applies specifically to new residential buildings.

This detailed analysis not only sheds light on current market trends but also offers stakeholders a robust framework for understanding the underlying cost dynamics in Cyprus’s construction materials market.