At a high-level roundtable organized by Invest Cyprus in Mumbai, President Nikos Christodoulidis affirmed that Cyprus remains a stable, reliable, and predictable partner within the global marketplace.

Strategic Geographic Position And Global Connectivity

The President emphasized that Cyprus is not only a natural ally of India but also a crucial bridge to Europe, the Middle East, and North Africa. He highlighted that one of Cyprus’ most significant competitive advantages is its strategic geographic location, positioning the island as a nexus for regional and international connectivity.

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Robust Economic Growth And Fiscal Discipline

President Christodoulidis proudly noted that the Cypriot economy is experiencing one of the fastest growth trajectories in the European Union, supported by a markedly reduced public debt. This fiscal prudence, coupled with robust economic performance, underscores Cyprus’ commitment to sustainable growth and stability.

Unprecedented Foreign Investment And Global Expansion

Foreign direct investment into Cyprus has now exceeded €81 billion, according to Christodoulides, representing more than 225% of the country’s GDP. The President said growing international investment flows have encouraged multinational companies to establish regional headquarters and operational centres in Cyprus. He also noted that continued foreign investment reflects increasing international confidence in the country’s business environment and regulatory framework.

Progress Toward Schengen Zone Accession

Addressing Cyprus’ efforts to join the Schengen Area, Christodoulides said substantial progress has already been achieved. A political decision regarding accession is expected between the end of 2026 and early 2027, according to the President. Membership would further strengthen Cyprus’ position as an international business, tourism and transport hub within Europe.

Enhancing Global Economic Integration Through IMEC

Christodoulides also discussed Cyprus’ role within the India-Middle East-Europe Economic Corridor (IMEC), describing the initiative as an important step toward deeper global economic integration. The President said Cyprus could serve as a strategic connectivity point within the corridor due to its geographic position and established infrastructure links. According to Christodoulides, projects such as IMEC reflect a broader global shift toward stronger interregional trade networks and integrated economic systems.