Cyprus recorded gross foreign direct investment inflows of €8.5 billion in 2024, up by around 60%, with Invest Cyprus placing emphasis in 2026 on further promoting the country internationally and strengthening its presence in markets of high strategic importance, it stressed at its Annual General Meeting on Friday.
In a press release, Invest Cyprus said that in the current geopolitical environment, particular importance is being attached to the formulation of unified and credible messages to the international business community. In this context, a coordinated international communication initiative is being launched immediately, in cooperation with the Presidency, the Ministry of Foreign Affairs and private sector stakeholders, with the support of the organisation’s international advisers, carrying the core message that Cyprus remains a safe and stable country.
Hundreds of companies
The results for 2024 and 2025 revealed that Cyprus ranked second in the European Union and among the global top ten in foreign direct investment per capita, while €2.6 billion in investment was directed to the technology sector.
At the same time, Invest Cyprus recorded more than 70 quality letters of intent for investment, advanced 12 major investments and, through the Business Support Centre, contributed to the establishment of more than 420 companies in Cyprus.
Another important milestone was the first comprehensive study on the economic impact of foreign investment prepared by the Economics Research Centre of the University of Cyprus, it said. According to its findings, inflows of new foreign investment in a single year contribute 3.3% to GDP and 4% to employment, while technology companies resulting from foreign investment contribute 11% to the country’s GDP.
Strategic partnerships
With regard to 2025, reference was made to an extensive international outreach programme with presidential missions to Canada, New York and San Francisco, as well as strategic partnerships with India, the UAE and trilateral cooperation schemes with Greece and Egypt.
For 2026, Invest Cyprus announced that it is moving ahead, among other things, in cooperation with the Financial Times, with targeted events in London and New York, while at the same time preparing a business and investment mission to India in the context of the official visit of the President of the Republic.
Invest Cyprus Chairman, Evgenios Evgeniou, said that the results of 2024 and 2025 confirm the steady strengthening of Cyprus’ position on the international investment map, while the organisation, he said, plays a “substantive role” in attracting quality investment and supporting international businesses.
Investment destination
Finance Minister, Makis Keravnos said that attracting quality foreign investment is a “key pillar of the Government’s economic policy”, adding that the results “confirm Cyprus’ momentum as an investment destination” and the importance of the work carried out by Invest Cyprus.
The new Board of Directors of Invest Cyprus comprises Evgenios Evgeniou, Chairman, Yiangos Hadjiyiannis, Vice Chairman, Dimitris Sparsis, Marilena Constantinou, Angela Panayiotou, Irene Georgalla, Stylianos Parparinos, Andreas Assiotis, Andreas Mouzourides, Yiannis Hatjiparaskevas, Christos Onoufriou, Aliki Sergi and Melina Dionysiou.
CNA