12 April 2018
Invest Cyprus successfully participated in the Business Forum that preceded the Commonwealth Heads of Government meeting held in London on 16-20 April and attended by 53 member-states’ leaders including the President of the Republic of Cyprus, Mr. Nicos Anastasiades. The Forum was attended by heads of state and high-ranking state officials, as well as leading personalities from the international business world.
Invest Cyprus was represented at the Forum by the Chairman of the Organisation, Mr. Michalis P. Michael, Member of the Board of Directors Mr. Kyriacos Kokkinos, as well as the Management and officers of the Organisation. The Cypriot delegation also included C-Suite businessmen based in Cyprus as well as members of the High Commission of Cyprus in London.
As an opener to the Commonwealth Heads of Government meeting, the Business Forum was a platform for productive discussions and exchange of views on issues of common interest aimed at reinforcing co-operation among the Commonwealth member-states.
The representatives of the Organisation participated in various debates and panel discussions on the above topics and briefed participants about Cyprus’ dynamic economic growth and its role in enhancing cooperation and development within the Commonwealth.
In the context of its campaign to attract foreign investors in view of Brexit, Invest Cyprus successfully organised targeted meetings and a working breakfast with investors who have shown interest in Cyprus. The breakfast was attended by professionals from leading companies in the financial and professional services sectors, shipping, technology etc., such as Simmons & Simmons, Allen & Overy, PIMCO, Brookwood Capital, Goldman Sachs and others. Invest Cyprus presented our country’s competitive advantages as an attractive investment destination in general and as a location or co-location for companies wishing to relocate their corporate headquarters or part of their activities to a European base following the UK's exit from the EU. It is worth noting that participants were asked to enumerate the reasons they considered the most convincing for them to relocate to our country.
The London event was just one aspect of a broader campaign by Invest Cyprus to explore post-Brexit opportunities amid efforts to attract investments and boost Cyprus’ growth prospects.
The campaign includes meetings with potential investors who have expressed an interest in relocating their activities to Cyprus as well as a series of events in London. These include a business-investment conference to be held at the new London Headquarters of the international media platform Bloomberg and an advertising campaign.
Commenting on the Organisation’s participation in the Forum, the Chairman of the Organisation, Mr. Michalis P. Michael stated: “Global economic, political, social and environmental developments require joint actions based on the common values of democracy, human rights and international law, so that through dialogue and cooperation, common benefits can be achieved for member states and the world in general”.
Regarding the campaign to explore opportunities created by Brexit, Mr. Michael said: “The campaign aims to convey the message that Cyprus can offer foreign investors significant incentives, opportunities and prospects to grow and prosper”.