Limassol, Cyprus. Trade Minister Michael Damianos said Cyprus is open for business as a stable, predictable and secure investment destination. He made the remarks at the Great Britain Cyprus Business Association (GBCY) investment conference in Limassol.
Message to conference delegates
Damianos described the delegates’ presence as a clear vote of confidence in Cyprus’ standing as a resilient and competitive international business centre. He expressed the government’s appreciation for their contribution to expanding Cyprus’ economic reach and creating new investment opportunities on the island.
Role of foreign direct investment
Referring to capital inflows, Damianos said foreign direct investment remains a cornerstone of economic growth, particularly for smaller economies. “For a small, open economy like Cyprus, they are not simply important, they are essential,” he said.
He said investment inflows directly enhance economic resilience and strengthen productivity and competitiveness among domestic businesses. He added that they create high-quality employment opportunities, stimulate broader economic activity and facilitate the transfer of advanced technologies, expertise and best practices, while also helping to attract highly skilled talent and strengthening Cyprus’ technology and innovation ecosystem.
Recent economic performance
Damianos pointed to Cyprus’ recent economic performance, saying the country has emerged as a dynamic hub for international business and investment. He said the economy recorded growth of 3.8 per cent in 2025, significantly above the European Union average, alongside low inflation and conditions close to full employment.
What factors do you consider most important when evaluating Cyprus as an investment destination?
