Media Coverage

In this section you will find articles relating to CIPA in various media outlets.

World Finance, Interview with the Minister of Commerce, Industry, and Tourism, edition Oct - Nov 2006 - Nov 01, 2006

The Business Bridge What competitive advantages does Cyprus offer to foreign investors? Cyprus offers a unique basket of advantages to foreign investors utilizing Cyprus as a base for conducting their business activities worldwide. This has already been recognized by the even-increasing number of foreign companies based on the island. Capitalizing on its strategic location, Cyprus has developed through the years into a reputable international business hub especially in the banking and shipping activities. Since Cyprus's accession to the European Union, its role as a business bridge between Europe, Asia and Africa is further being enhanced. Cyprus offers advanced business infrastructure and services to foreign investors - and this is why the country has come as far as it has. I refer of course to the high quality of the legal, accounting, financial and other professional services available that reflect the country's success in its transformation into a ...

The Banker, supplement of Financial Times June 2006, interview of the Minister of Commerce, Industry, and Tourism - Apr 29, 2006

Mr. Yiorgos Lillikas, Minister of Commerce, Industry, and Tourism, explains how Cyprus is attracting capital investment and know-how. You have adopted a very liberal policy on inward investment, including for non-European Union investors. Are the benefits now being felt? With its entry into the EU, Cyprus has taken on a new role as the focus for trade between Europe and the Middle East, providing the perfect gateway for businesses to penetrate new markets. We have seen a significant increase in interest from European companies to invest in Cyprus after our accession to the EU, and we are mainly talking about companies that are interested in using Cyprus’s position to do business with the Middle East. The country is rapidly enhancing its position as a regional logistics hub for moving goods in and out of Europe and the Middle East. You are trying to find ways to grow the economy without needing labour-intensive industries. How much progress are you making in that ...