Cyprus chamber head highlights investment opportunities at Money Conference

Philokypros Roussounides, Secretary General of the Cyprus Chamber of Commerce and Industry (Keve), addressed the Money Conference on Wednesday. He stated that the country's regulatory and supervisory framework is fully aligned with European Union standards to enhance transparency and limit systemic risk. Roussounides highlighted the deep restructuring and consolidation of the Cypriot banking system as a key factor for institutional security. The financial sector's progress is attributed to digital transformation and a stable supervisory environment. According to the official, Cyprus is positioning itself as a hub for technology and financial services companies seeking European market access. The national growth model is being diversified beyond tourism to include energy, shipping, and professional services. Strategic investments are also being directed toward infrastructure improvements and the simplification of administrative procedures. Finally, the secretary general emphasized the importance of sustainable finance and international business activities for long-term returns.