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Cyprus Positioned As A Top-Tier Investment Spot, Says CEO Of Invest Cyprus

According to Marios Tannousis, CEO of Invest Cyprus, Cyprus continues to solidify its position as a premier destination for global investment. Invest Cyprus plays a pivotal role in guiding businesses through every stage of their investment journey.

In a recent press release, Invest Cyprus detailed Tannousis’ participation in a high-level dialogue with ministers from Greece, Egypt, and Cyprus last week at the Trilateral Summit in Cairo. The discussions centered on fostering bilateral and trilateral cooperation, unlocking funding opportunities, and strengthening economic ties between the three nations.

Speaking on the topic, “Business Opportunities and Activities in Egypt, Cyprus, and Greece,” Tannousis spotlighted Cyprus as a standout investment destination within the EU. He highlighted its economic stability, bolstered by EU membership, and reiterated Invest Cyprus’ commitment to facilitating seamless support for investors aiming to tap into the island’s potential.

Joining Tannousis in presenting the investment landscapes of their respective countries were Hossam Heiba, CEO of Egypt’s General Authority for Investment and Free Zones (GAFI), and Marinos Giannopoulos, CEO of Enterprise Greece. Together, they outlined opportunities and actionable insights for businesses eyeing expansion in the region.

Tannousis underlined the significance of regional partnerships, stating, “By forging strategic alliances between Cyprus, Greece, and Egypt, we are building a collaborative platform that fosters sustainable growth and mutual prosperity, providing businesses with a foundation to succeed and expand in this dynamic region.”

The Trilateral Summit underscored the critical role of regional collaboration in addressing shared challenges and driving economic development. As reaffirmed in the press release, Invest Cyprus remains a cornerstone in the effort to attract international investment, ensuring Cyprus stays at the forefront of economic opportunity in the Eastern Mediterranean.

TikTok Returns To US App Stores 

TikTok is once again available for download in the Apple and Google app stores in the US, following a delay in the enforcement of its ban by former President Donald Trump. The ban’s postponement until April 5 gives the administration additional time to evaluate the situation.

Key Developments

The decision to restore TikTok access came after Google and Apple received reassurances from the Trump administration that they would not face legal consequences for reinstating the Chinese-owned app. According to Bloomberg, US Attorney General Pam Bondi sent a letter outlining these guarantees.

In an executive order signed on January 20, Trump instructed the attorney general not to take enforcement action for 75 days, providing time for his administration to determine how to proceed.

Uncertain Future For TikTok In The US

While TikTok is back on the US app stores, its long-term survival remains uncertain. If no deal is reached by early April to address national security concerns, the app may face another shutdown. ByteDance, the parent company, has insisted that TikTok is not for sale.

Legislation And Pressure On ByteDance

The Protecting Americans from Foreign Enemy-Controlled Apps Act, which passed with bipartisan support in Congress, mandates a nationwide ban on TikTok unless ByteDance sells its US operations. This law was signed by President Joe Biden in April of last year.

In late January, the app was briefly removed from US stores following the ban’s activation, impacting over 170 million American users. However, TikTok was restored soon after, following Trump’s intervention in his first hours as president. During that time, he signed an executive order allowing 75 days for a deal that would safeguard national security. Trump also suggested that the US could take a 50% stake in TikTok, a move he believed would keep the app “in good hands.”

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