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Cyprus Strengthens Investment Ties With India At Mumbai Business Forum

Forum Highlights: Forging New Investment Pathways

In a clear demonstration of its growing global influence, several leading Indian companies participated in the Cyprus-India Business Forum held in Mumbai. The event, organized by Invest Cyprus, brought together approximately 30 investors keen to explore opportunities in Cyprus. The forum also featured bilateral discussions with top executives, underscoring the island’s commitment to attracting strategic investments.

Economic Growth And Strategic Positioning

President Nikos Christodoulides described Cyprus as a stable and reliable business partner positioned between Europe, the Middle East and North Africa. The President highlighted the country’s economic growth, declining public debt and foreign direct investment exceeding €81 billion, equivalent to more than 225% of GDP. According to Christodoulides, those figures reinforce Cyprus’ position as a regional investment and business hub.

Regional Connectivity And Sectoral Opportunities

Particular attention during the forum focused on the India-Middle East-Europe Economic Corridor (IMEC) and Cyprus’ potential role within the initiative. Christodoulides said Cyprus’ geographic location and infrastructure position the country to attract investment in shipping, logistics, digital infrastructure and energy cooperation projects. Government officials also stressed the island’s role as a gateway for companies seeking access to European Union markets and regional connectivity networks.

Voices From The Industry

Participants at the forum expressed enthusiastic interest in the Cypriot market. Sunil Reddy Dodla, Chief Executive Officer of Dodla Dairy Ltd, remarked on the island’s strategic advantage in accessing European Union markets and promoting Cypriot products such as halloumi. Similarly, Dr. Isaac Mathai, founder of Soukya International Holistic Health Centre, identified Cyprus as an ideal launchpad for expanding wellness services across Europe, noting the nation’s favorable climate, supportive government initiatives, and international clientele from over 125 countries.

Presidential Engagement And Future Prospects

During the visit to Mumbai, President Nikos Christodoulides also attended a ceremony at the National Stock Exchange of India, where he rang the closing bell marking the end of the trading session. The President said recent high-level visits between Cyprus and India had strengthened bilateral economic relations and created momentum for deeper business and investment cooperation. Christodoulides also highlighted the role of private sector institutions and financial markets in supporting long-term economic collaboration between the two countries.

Looking Ahead

Following the session at the Stock Exchange, President Christodoulidis and his delegation departed for New Delhi, where additional high-level meetings with India’s top political leaders are scheduled. The forum and subsequent engagements signal a decisive step forward in reinforcing Cyprus’s stature as a strategic investment hub in the international arena.

Cyprus Has One Of The EU’s Oldest Teaching Workforces

Only 3% of teachers in Cyprus are under 30, putting the country alongside Portugal for the lowest share of young teachers in the European Union, according to a European Commission report. The figure is well below the EU average of 8%, while Malta has the highest proportion at 17%, followed by Belgium and Luxembourg at around 15%.

Cyprus is also the only EU member state identified in the report as having a surplus of teachers, despite the workforce being relatively old.

Older Teachers Remain Highly Satisfied

The teaching profession appears to remain attractive to those already working in it. In 2024, 73% of Cypriot teachers said they were satisfied with their salaries, compared with just 37.3% across the EU. Job satisfaction was also high, reaching 93% in Cyprus versus 90% across the bloc.

The age gap is particularly visible in secondary education, where teachers in Cyprus averaged 46 years old in 2024, compared with 45 across OECD member states. Only 4% were under 30, while 33% were aged 50 or older.

Reform Could Change The System

The findings come as Cyprus moves toward the final stage of its teacher evaluation reform. Until August next year, vacancies will continue to be divided between the old appointment list and the newer system introduced in 2015.

From next September, first-appointment vacancies will be filled exclusively through the new list. The European Commission has meanwhile called for stronger efforts to attract and retain younger teachers, including through better working conditions and greater support for people entering the profession.

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