Nicosia, Cyprus. President Nikos Christodoulides said Cyprus is already seeing initial results from its upgraded relationship with India, citing increased interest from Indian businesses using the island as a gateway to the European market.
Growing interest from Indian businesses
Speaking at the gala dinner and award ceremony of the 18th InBusiness Awards 2026, Christodoulides said momentum followed last year’s visit by Indian Prime Minister Narendra Modi to Cyprus, which he described as an important step in strengthening bilateral ties.
“I am delighted because, already, the results are visible from a number of Indian businesses that have decided to invest in Cyprus and utilise our country as an entry point into the market of 450 million citizens of Europe,” he said.
Christodoulides said Indian companies are increasingly approaching Cyprus “as a European Hub with an International Footprint”, citing the country’s stability, reliability and access to the European Union.
Planned mission to Mumbai and New Delhi
Christodoulides said his upcoming mission to Mumbai and New Delhi would have a “clear political, economic and development orientation”, with the aim of opening new partnerships in technology, innovation, education, energy and tourism.
Foreign policy linked to economic strategy
He said the government’s foreign policy agenda is connected to Cyprus’ broader economic strategy, with international partnerships described as a key part of efforts to expand the country’s productive base.
“In our planning, foreign policy is directly intertwined with domestic policy,” he said, adding that it is “an important tool for extroversion, security and development for our country”.
Economic performance and private sector
Christodoulides said Cyprus continues to perform strongly despite regional instability and an uncertain international environment.
He said the economy recorded growth of 3 per cent in the first quarter of 2026, which he described as the highest rate in the European Union, while successive upgrades by international rating agencies confirm “the credibility and seriousness with which we approach economic issues”.
He also defended the role of the private sector, saying the government “does not criminalise business profits”.
How do you think Cyprus’ outreach to Indian businesses could affect investment and economic activity in the country?
