CIBA And Invest Cyprus Sign MoU To Coordinate Investment Promotion

Cyprus International Businesses Association (CIBA) and Invest Cyprus (CIPA) signed a memorandum of understanding to coordinate efforts in attracting foreign investment. The agreement outlines cooperation between the two organisations on investment promotion and investor support.

Strategic Objectives

The memorandum includes coordination on sharing investment-related information, organising joint events and business missions, and supporting existing and prospective investors. Access to information on investment opportunities, regulatory developments, and available incentives is expected to improve under the initiative.

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Coordinated Collaboration For Enhanced Competitiveness

Cooperation also covers knowledge-sharing, technical coordination, and joint international initiatives. Vasilis Demetriades, President of CIBA, said the partnership is intended to align the international business community with national investment efforts. He added that the initiative focuses on improving transparency and competitiveness.

Unified Approach To Driving Investment

Invest Cyprus Chief Executive Marios Tannousis said the memorandum will strengthen engagement with the international business community and improve understanding of investor needs. He added that the agreement supports a more coordinated approach to attracting new investment and expanding existing operations.

The collaboration reflects a joint public-private framework aimed at supporting investors throughout the full investment cycle, from initial interest to long-term growth.

In tandem with the agreement, CIBA and Invest Cyprus co-hosted an event titled “FDI & Omnibus: Driving Cyprus’s Competitive Edge in the EU Legal Landscape” at the end of March. The event brought together stakeholders to discuss regulatory developments and investment conditions within the European Union.

Discussions focused on how Cyprus can adapt to changes in EU legislation while maintaining its position as an investment destination, as well as the role of coordinated initiatives in supporting investment flows.

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Cyprus Banks Urged To Focus On Long-Term Resilience As Profits Remain Strong

by THEFUTURE.TEAM

June 26, 2026

The Cypriot banking sector remains in a strong position, supported by solid capital buffers and overall financial stability, according to speakers at the annual general meeting of the Association of Cyprus Banks. At the same time, government officials and regulators stressed that maintaining this position will require continued discipline and long-term planning.

A Strong Sector, But Not A Complacent One

Finance Minister Makis Keravnos used the meeting to highlight concerns over draft laws recently passed by parliament, which, according to the Ministry of Finance, the Central Bank and the Legal Service, may contain constitutional, legal and institutional issues. Those concerns, he noted, led to presidential referrals and remittals to the Supreme Court.

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Keravnos also said the European Central Bank had been consulted on proposed measures concerning the suspension of foreclosures and the restructuring of loans and guarantees, adding that the ECB had expressed its own concerns.

Profitability Should Reflect Real Economy Lending

While acknowledging that the banking sector remains highly profitable, Keravnos said earnings are expected to reach around €1 billion in 2025, lower than in 2024 as interest-rate conditions gradually normalize.

He said he would prefer bank profitability to rely more on lending to businesses operating in productive sectors and less on the widening of European Central Bank interest-rate spreads.

According to the minister, Cyprus’ return to investment-grade status after 11 years has strengthened the country’s appeal to foreign investors, technology companies and startups. He said this should encourage banks to offer financing that better supports businesses while improving the diversification of their loan portfolios.

The Central Bank’s Warning: Strength Today Is Not A Guarantee Tomorrow

Central Bank Governor Christodoulos Patsalides also warned against complacency, saying the sector’s current strength should not be taken for granted.

“The Cypriot banking sector is strong today. But strength that truly matters is not exhausted by a capital ratio, a profit line or a favorable cycle,” he said.

Patsalides added that lasting resilience depends on institutions remaining strong as conditions change, risks become more complex, and competition evolves. In his view, that requires sufficient capital buffers, adaptable infrastructure and management teams prepared for changing market conditions.

Long-Term Resilience Over Short-Term Gains

Patsalides also stressed that banks should focus on long-term resilience rather than short-term performance. Decisions on dividend policy, capital allocation and the use of resources, he said, should take into account continued investment in technology, operational resilience, human capital and long-term adaptability.

He added that banks able to remain competitive over time will be those that invest early in strengthening their capacity to adapt and respond to future challenges.

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