As published in
With a business-friendly climate and thriving financial ecosystem, Cyprus enjoys one of Europe’s strongest economic outlooks. Here, key figures outline their vision for the island’s future.
Sitting at the intersection of Europe, Africa and the Middle East, Cyprus is the ideal gateway for international business. «Cyprus’ strategic geo-graphical positioning presents lucrative opportunities for investors seeking to diversify across varied markets,» explains President Nikos Christodoulides. «As a bridge between the EU and the Gulf region, Cyprus facilitates seamless connectivity and fosters business expansion.» While its location brings unique advantages, it’s more than just geography that sets Cyprus apart.
Offering the benefits of direct access to the EU single market, alongside a business-friendly climate that is home to a comprehensive suite of services across banking, insurance, investments and more, the island has established itself as a strategic financial hub. «With unparalleled market access, stability, transparent legal frameworks and strategic advantages, Cyprus stands ready to welcome investors,» Christodoulides continues.
World-class research organization The Cyprus Institute tackles issues of global significance, while helping to accelerate the country’s transition towards a knowledge-based economy.
The Cyprus Institute acts as a gateway to research and tech- nology between the EU and the Eastern Mediterranean and Middle East (EMME) region. From its stra- tegic location at the far south-eastern corner of Europe, the organization has established a growing reputation as a regional Centre of Excellence with an emphasis on cross-disciplinary research and international collabo-
ration.
Renewable energy is another key re- search focus. The scale of the institute’s research into green energy production and storage technologies has made it an attractive prospect for investors look-ing to future-proof their investment strategies. “The Cyprus Institute is the most competitive research institute in both Cyprus and the wider region,” says Professor Malas. “We’ve been aggressive in bringing in companies, especially in green energy production.” In addition, Cyprus’s government has established policies to support these emerging collaborations, with the coun- try now offering a favourable tax sys- tem for companies wishing to monetize pre-existing IP by incubating their spin-offs until they are ready for market. In addition to its energy and cli- mate-change research, The Cyprus Institute also conducts studies in com- putational science to better understand and provide solutions to complex phys-ical problems like weather forecasting, material science, fluid dynamics and structural analysis. This approach helps avoid costly preliminary experimenta
