Cyprus hosts GBCY international investment conference in Limassol

On Thursday, the Great Britain Cyprus Business Association (GBCY) held its international investment conference in Limassol. Minister of Energy, Commerce, and Industry Michael Damianos addressed the event, emphasizing that Cyprus remains a stable and secure destination for international investors. During his speech, Damianos highlighted the importance of foreign direct investment as a fundamental pillar for the growth of small, open economies. He noted that such capital inflows are essential for enhancing economic resilience, boosting productivity, and strengthening domestic competitiveness. The Minister also stated that these investments create high-quality employment opportunities and facilitate the transfer of advanced technologies and expertise. Additionally, the event served to showcase the country's recent economic performance and its growing ecosystem for technology and innovation. Government officials expressed appreciation for the contribution of foreign investors to the island's economic development.