News
The Cyprus Economic & Investment Summit
There was a large number of many major institutional investors,
attracting more than 100 representatives from various international funds,
investment banks and investment consultants that either they are based or maintain
a strong presence in New York.
Great interest from investors
High interest was
shown by participants in regards to the investment opportunities in Cyprus.
Particular interest
was shown by investment funds for the opportunities of non-performing loans, as
well as investments in real estate. Also, attendees showed great interest in
registering investment funds in Cyprus.
At the same time,
during the summit there was a high interest from the attendees to upgrade the
agreement between Cyprus and USA to avoid double taxation.
Praises of the Cypriot
Economy
The impressive
recovery of the Cyprus Economy within a few years as well as the economic
reforms implemented gained positive feedback from institutional investors, as
it makes Cyprus an attractive investment destination.
A great importance for
US investors was the positive feedback on the course of the Cyprus Economy by
the representative of the International Monetary Fund in Cyprus, Vincenzo
Guzzo, who spoke about a success story in Cyprus, and David Bonanno, CEO of
Third Point, one of the largest investment firms in New York and a large
investment in Cyprus.
Both Vincenzo Guzzo
and the David Bonanno spoke with praise for Cyprus; the later even explained
the reasons why Cyprus should be targeted by international investors, adding
that Cyprus is a growing international business centre and an attractive
tourist destination.
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