CIPA attends “Markets Most Influential 2016” events

CIPA attends “Markets Most Influential 2016” events

Cyprus can become an alternative destination for international professional and financial services for businesses, given the progress it has achieved in economic issues, and the UK`s decision to exit the EU, Cyprus Investment Promotion Agency (CIPA) believes.

According to a press release, CIPA sponsored and attended “Markets Most Influential 2016” events organized by Bloomberg, in the framework of its mission for targeted promotion of Cyprus as an attractive investment destination abroad.

The events took place simultaneously on September 28 in Hong Kong, London and New York, and during them prominent figures from the business and investment sector from all over the world participated in discussions on the world economy and the investments.

CIPA attended the events in Hong Kong and London, along with representatives of the Cypriot professional and financial services sector.

During the events, the Cypriot delegations had the opportunity to listen to presentations and express their positions on issues regarding the repercussions in Asia from Brexit as well as the threats and opportunities for the City of London, the emerging investment markets and developments which affect investments globally.

They also discussed fiscal policy, possible repercussions from the US elections result on the international markets, recent developments in the European and the international bank sector and the role of technology in investments.

Addressing a lunch for participants in Hong Kong, CIPA Chairman Christodoulos Agastiniotis referred to the increased interest of Chinese investors in Cyprus, in the fields of energy, the maritime sector, professional services, infrastructure and immovable property.

He also noted that if the UK loses, due to Brexit, its access to other European markets, then it may also lose its position as the centre of Chinese investments in Europe. Agastioniotis said that Cyprus, as other European countries, has all the necessary means to pursue become such a centre and benefit from the UK`s exit from the EU.