articleposted 10 January 2022

Roundtable with the government of Cyprus: foreign investors discuss with the government of Cyprus the strategy for attracting business and talent to the island

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More than one hundred and fifty foreign companies/investors based in Cyprus participated at the Roundtable with the Ministers event that took place at the Presidential Palace on the 5th of November 2021, in order to learn more about the government’s plans to further encourage foreign businesses to operate or expand their activities here.

Specifically, the new strategy that was prepared and first presented by the Minister of Finance, Constantinos Petrides, on October 15, was presented in front of the foreign companies/investors attendees, in the context of a round table discussion entitled «Roundtable with the Government of Cyprus: Foreign Investors Discuss with the Government of Cyprus the Strategy for Attracting Business and Talent to the Island».

Being held at the Presidential Palace, this pioneering event was an initiative of the Ministry of Finance with the active help of TechIsland non-profit organization that saw the majority of its members participating. The aim was to create dialogue between foreign companies/investors who are already active in Cyprus, other local bodies, and the Government so that they better understand the strategy and actions that will be implemented in January 2022.

The goal of the announced strategy is to enhance foreign investments and encourage international companies, especially those in the high-tech and innovation sector, to expand their activities in Cyprus.

The discussion was opened with a greeting by the President of the Republic, Nicos Anastasiades, while foreign investors operating in Cyprus referred to their own experiences of their presence in our country.

Participating in the roundtable discussion on government's side were:

  • Constantinos Petrides, Minister of Finance

  • Nicos Nouris, Minister of Interior

  • Natasa Pilidou, Minister of Energy, Trade and Industry

  • Kyriakos Kokkinos, Deputy Minister for Research, Innovation and Digital Policy

The following businessmen presented their own experience of their presence in Cyprus:

  • Hamza Afifi, PR Director, BrainRocket

  • Alexey Gubarev, Co-Founder and Board Member, Palta

  • Arthur Mamedov, COO, TheSoul Publishing

  • Prabhat Jha, Group Managing Director & CEO, MSC Shipmanagement Limited

  • Petr Valov, CEO, Exness

It is worth noting that, according to the Action Plan, emphasis is being placed on areas that concern, among others, high technology, shipping, innovation, research and development, biogenetics and biotechnology, without excluding any other companies that choose Cyprus as the country where they conduct their business.

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