AI Generated Image
AI Synthesis Sources: 2

Cyprus hosts the 14th Invest Cyprus International Investment Awards

The 14th Invest Cyprus International Investment Awards were held at the Hilton Nicosia to recognize foreign companies contributing to the Cypriot economy. Seven organizations received awards: Hartmann Group, Accor, Kraken (a Payward company), SayGames, Reconiq Software Ltd (member of the Plath Group), Coral S.A. – Coral Cyprus, and Premium Access Cyprus. President Nikos Christodoulides addressed the attendees, emphasizing national stability, economic growth, and the return of the country's credit rating to investment grade for the first time since 2011. He cited current full employment conditions and fiscal health as indicators of successful economic policy. The government simultaneously launched a national promotion strategy branding the country as a European business hub. The awards ceremony was organized by Invest Cyprus and PwC Cyprus, with support from sponsors including Eurobank, ECOMMBX, Cyta Business, and the Lanitis Group. Christodoulides noted that further progress depends on state modernization and the simplification of administrative procedures.

Original Sources