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Cyprus Emerges As Premier Investment Hub With Robust FDI Growth

by THEFUTURE.TEAM

March 16, 2026

Strong FDI Performance And Strategic Investment In Technology

Cyprus recorded €8.5 billion in gross foreign direct investment inflows in 2024, according to data presented at the annual general meeting of Invest Cyprus. The figures represent an increase of about 60% compared with the previous year and place the country among the top ten globally on a per capita basis.

Advancing International Partnerships And Expanding Economic Influence

The annual review highlighted several investment developments. Invest Cyprus reported more than 70 quality letters of intent and the progression of 12 major investment projects. More than 420 companies established operations in Cyprus through the Business Support Centre, according to the organization. Technology attracted a significant share of investment. Around €2.6 billion was allocated to the sector, primarily in information and communication technology.

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Strategic Global Outreach And Enhanced Economic Cooperation

Invest Cyprus expanded its international outreach activities in 2025. The program included presidential missions to Canada, New York and San Francisco. Cyprus also strengthened cooperation with India and Gulf countries. The country supported the establishment of the India–Greece–Cyprus and UAE–Cyprus Business and Investment Councils and continued trilateral cooperation initiatives with Egypt. Officials said the initiatives aim to strengthen economic cooperation and attract additional foreign investment.

Future Outlook: Expanding Influence And Strategic Communication

Invest Cyprus plans additional international promotional activities in 2026. The program includes events in London and New York organized in collaboration with the Financial Times. A business and investment mission to India is also planned. The visit will coincide with the official trip of the President of Cyprus and will be coordinated with the Cyprus Chamber of Commerce and Industry.

The organization is also expanding partnerships in the defence sector with European and Indian companies.

Leadership Endorsements And Strategic Continuity

Invest Cyprus Chairman Evgenios Evgeniou said consistent international communication remains important for strengthening Cyprus’ position as an investment destination. Finance Minister Makis Keravnos said that Invest Cyprus’s work contributes to the government’s efforts to strengthen the country’s economic competitiveness. The meeting also confirmed the appointment of a new board of directors to oversee the organisation’s future investment promotion activities.

A Resilient Future For Cyprus

The meeting confirmed the appointment of a new board of directors at Invest Cyprus. The board will oversee the organization’s investment promotion activities and international partnerships.

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Cyprus Introduces €200 Million Support Measures To Cut Energy And Food Costs

by THEFUTURE.TEAM

March 27, 2026

Comprehensive Relief Measures For A Resilient Economy

The government of Cyprus introduced support measures exceeding €200 million to reduce household expenses and support key sectors. The package targets energy costs, food prices, tourism and agriculture. Measures come in response to rising costs and supply pressures. Implementation begins in April and May 2026.

Energy And Fiscal Reforms

The government will reduce VAT on electricity for households to 5% from May 1, 2026, to March 31, 2027. The measure is expected to lower energy bills. Special consumption tax on transport fuels will decrease by 8.33 cents per liter between April and June 2026. Policy targets fuel-related costs.

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Broadening The Zero VAT Initiative

Authorities will expand the list of products with zero VAT. Meat, poultry and fish will be included from April 1 to September 30, 2026. Existing zero-VAT categories already include fruits and vegetables. The government also decided not to introduce a green tax on fuels, avoiding an additional cost of about 9 cents per liter.

Sector-Specific Supports

The package includes a 30% wage subsidy for hotel employees for April 2026. Measure supports tourism businesses during the early season. Support for airlines aims to maintain connectivity with key destinations. The agriculture sector will receive subsidies covering 15% of costs for fertilizers and supplies in April and May.

Economic Stability, National Security

President Nikos Christodoulidis said economic stability remains a priority for the government. He noted that growth, fiscal balance and inflation trends support current policy decisions. Statement links economic policy with broader national priorities. The government continues to monitor external risks.

Ensuring Consumer Protection

Furthermore, the government has mandated rigorous market oversight and intensified inspections to prevent exploitative pricing during this period of economic intervention. This proactive stance ensures that the benefits of the measures directly serve the citizens without unintended inflationary impacts.