Republic of Cyprus skyrockets in attracting Foreign Direct Investment (FDI)
The 7TH Greenfield FDI Performance Index by FDI Intelligence for the year 2021 skyrockets the Republic of Cyprus by 50 places from the 68TH to the 18TH position for attracting foreign direct investments (FDI) in comparison to 2020.
The rapid increase in FDI in Cyprus is a clear indicator of the country’s remarkable, reliable, and reputable measures taken to attract FDI investors as part of Cyprus’ Vision for 2035, which ultimately contributes to the constant improvement in Cyprus’ rates in employment, income, and by extent the level of the Cypriot socioeconomic environment.
To this end, according to Post-Covid FDI recovery: Top 10 countries, foreign (greenfield) investments in Cyprus in H1 2022 increased by a notable 150% in relation to the pre-Covid comparable H1 2019.
What’s more, investments in Software, Information Technology (IT), and Information & Communications Technology (ICT) in H1 2022 have seen an astonishing 600% increase in comparison to 2019, making the Government’s goal of promoting Cyprus as a Tech Hub an achieved success.
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