Votes of Confidence

Cyprus is ranked among the High Potential- High Performers for FDI growth for 2007-2010.

UNCTAD

In 2011-2012, Cyprus ranks 47th among 142 eonomies compared to the previous year, where ranked 40th among 139 economies.

World Economic Forum, Competitiveness Index, 2011-2012

According to the index of economic freedom, the economy of Cyprus is 73.3 percent free, which makes it the world’s 18th freest economy.

The Heritage Foundation and The Wall Street Journal, 2011 Index of Economic Freedom

Transparency International ranked Cyprus among the top 28 countries on transparent procedures. Cyprus holds the 17th position among member states of the European Union.

Transparency International, The Global Coalition Against Corruption Report, 2010

Cyprus’ political risk outlook has improved considerably since Demetris Christofias was elected president in February 2008. There are now good prospects for a permanent peace settlement on the divided island.

D&B Country Report, 2008

Microsoft invests in Cyprus Software Technology Capacity Building 2008-2013” based on a Memorandum of Understanding, signed by Microsoft Chairman Bill Gates and Cyprus Minister of Commerce, Industry & Tourism.

Ministry of Commerce, Industry & Tourism, Cyprus, 2008

Citigroup Emerging Markets ranks Cyprus as a “Hot” - with conditions right for serious growth.

Global Finance Magazine, 2007

Cyprus ranks number 31st in the world on the quality of life index out of 187 countries.

Human Development Index (HDI) Report, UNDP 2011

...[Entry to the Eurozone] eliminates the risk of a currency crisis and insulates the Cypriot economy against any external financial shocks. In addition, the country has implemented a successful fiscal consolidation programme and as a member of the Eurozone there is now a disciplined programe in place to introduce measures that will further improve the public debt.

Moody’s Cyprus, 2008