Lisbon, Portugal. Invest Cyprus has signed a memorandum of understanding with the Portuguese-Brazilian Chamber of Commerce to strengthen investment cooperation, business synergies and access to strategic markets linking Latin America, Europe and the Middle East.
Agreement signed at WTC Lisbon event
The agreement was signed during the event ‘From Brazil to Europe & MENA: Unlocking Business & Investment Opportunities through Portugal and Cyprus’, held on April 28 at WTC Lisbon.
The event brought together business leaders, investors, policymakers and representatives of the innovation ecosystem, with discussions focusing on new strategic routes connecting Brazil, Portugal, Cyprus, Europe and the MENA region.
Framework for investment promotion and regional connectivity
According to Invest Cyprus, the MoU marks a new chapter in business and investment relations between Brazil, Portugal and Cyprus, creating a framework for cooperation in investment promotion, economic development, business partnerships and stronger regional connectivity.
Part of Invest Cyprus outreach to Latin America
The initiative forms part of Invest Cyprus’ wider outreach strategy towards Latin America, which began in September 2023 with the signing of its first investment cooperation agreements with organisations including Invest Parana, Invest Minas and Fecomercio Goias.
Since then, more than five investment missions have visited Cyprus, with part of the investment activity already implemented and further opportunities currently under discussion.
CEO participation and comments
Invest Cyprus CEO Marios Tannousis took part in the panel discussion ‘Connecting Brazil to Europe and MENA: A Strategic Path via Portugal & Cyprus’, which examined cooperation in investment, mobility, entrepreneurship, innovation and sustainable international expansion.
“Through this initiative, we are opening a new channel of cooperation between Cyprus, Portugal and Brazil, with clear prospects for connecting businesses, investors and innovation ecosystems in Europe, Latin America and the Middle East,” Tannousis said.
He added that Cyprus can play a strategic role as a reliable business base within the EU and as a gateway to the wider region, while Invest Cyprus remains committed to building partnerships that create practical opportunities for investment, entrepreneurship and long-term economic growth.
Attendees
The event was attended by Cyprus’ Ambassador to Portugal Elpidoforos Economou, as well as other speakers including Luciano Menezes, Antonis Georgakis, Otacilio Soares and Marielle Burti.
What impact do you think this cooperation could have on business links between Cyprus, Portugal and Brazil?
