foreign investment screenings

economic growth foreign investment

President Highlights Crucial Role of Foreign Investment in Cyprus’ Economic Advancement

President Nikos Christodoulides highlighted the crucial role of foreign investment in Cyprus’ economic advancement, emphasizing the government’s strategic vision for a resilient, competitive economy focused on green and digital transformations. Recognizing foreign investors as key partners, the President outlined three core pillars of economic policy, stressing the importance of structural reforms and strengthening international relationships to drive sustainable economic progress and longterm prosperity.

real estate market foreign investment

Exorbitant Property Prices Steering Foreign Investment Northward

The real estate market in Cyprus is experiencing a shift as foreign investors are turning their attention to the northern occupied territories where property prices are more affordable. Despite ongoing conflicts in the region, cost considerations are outweighing geopolitical concerns for many buyers, leading to a redirection of foreign investment and the need for the government to address the issue to sustain the market’s growth.

foreign investment screenings european union

A Closer Look at Foreign Investment Screenings in the EU

The European Court of Auditors (ECA) has raised concerns about the lack of coordinated foreign investment screenings in the EU. Cyprus, a significant hub for foreign direct investment, does not have proper screening mechanisms in place, potentially exposing the region to risks associated with unvetted foreign capital. The absence of a unified approach, disparities in interpretations of EU rules among member states, and the nonreporting of screening outcomes to the EU Commission further hinder the effectiveness and transparency of the system. The ECA has recommended amendments to the EU FDI screening framework, better alignment of practices across national screening mechanisms, and enhanced reporting processes to address these issues and strengthen the process.

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