President Christodoulides announces expanded role for Invest Cyprus

President Nikos Christodoulides announced on November 3, 2026, during an event marking the 20th anniversary of Invest Cyprus in Nicosia, that the government plans to grant the agency expanded responsibilities. The new mandate will focus primarily on promoting Cypriot exports to stimulate international trade. The administration has already initiated discussions on the matter within the Council of Ministers, and specific proposals for this transition are expected to be unveiled shortly.

During the announcement, the President highlighted the resilience and growth of the national economy. He stated that Cyprus has recorded cumulative growth exceeding 18% over the past three years, consistently ranking among the two fastest-growing economies in the European Union between 2023 and 2025. Furthermore, he noted that the country’s credit rating has been upgraded to the 'A' category by international rating agencies. Christodoulides emphasized that fiscal stability, institutional strength, and economic diversification remain the foundational pillars for sustaining this positive trajectory.