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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Lithuania And Cyprus Forge Enhanced Partnership In Tourism And Defence

by THEFUTURE.TEAM

May 22, 2026

Expanding Cooperation Beyond The Surface

Kristupas Vaitiekūnas highlighted opportunities for closer cooperation between Lithuania and Cyprus during his visit to Nicosia for the informal ECOFIN meeting. Speaking to the Cyprus News Agency, the Lithuanian finance minister said both countries share common challenges and could expand collaboration in areas including tourism, defence and financial services.

Addressing Shared Challenges

Finance Minister Kristupas Vaitiekūnas said Lithuania and Cyprus face similar security and economic pressures despite their geographic differences. Particular attention was given to emerging security threats, including drone-related risks, alongside the importance of maintaining resilient financial sectors. According to Vaitiekūnas, stronger coordination in those areas could deliver long-term economic and strategic benefits for both countries.

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Focus On Fiscal Stability And Energy Security

Discussions at the ECOFIN meeting are expected to focus on Europe’s economic outlook, energy market volatility and fiscal stability. Kristupas Vaitiekūnas warned that instability in the Middle East could continue affecting oil markets and broader economic performance across Europe. Housing affordability was also identified as a growing challenge, with rising property prices in cities such as Vilnius reflecting broader pressures seen across European markets.

Coordinated Energy Strategy And Future Investments

The Lithuanian finance minister also called for a more coordinated European approach to energy and economic resilience. Vaitiekūnas suggested that targeted and temporary policy measures could prove more effective than large-scale structural reforms in addressing short-term pressures. Lithuania continues to increase investment in renewable energy generation and storage infrastructure as part of efforts to strengthen energy independence and begin producing surplus electricity by 2028.

Support For Ukraine And Enhancing Defence Funding

Finance Minister Kristupas Vaitiekūnas reaffirmed Lithuania’s support for Ukraine, describing the war as a broader struggle tied to European security and democratic values. He also backed accelerating Ukraine’s accession process to the European Union, arguing that deeper integration would strengthen regional stability and economic prosperity. Vaitiekūnas welcomed the EU’s SAFE programme, which is expected to support Lithuania’s defence capabilities while contributing additional assistance to Ukraine.

Looking Ahead To A More Unified Europe

Addressing the European Union’s future budget framework, Kristupas Vaitiekūnas said increased funding for security and defence represented a positive development. At the same time, he warned that reductions in cohesion funding and agricultural support could negatively affect purchasing power and long-term European unity. Lithuania is expected to place continued emphasis on Ukraine and regional security ahead of its upcoming EU Council Presidency in early 2027.

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