Economy of Cyprus - Role As A Financial Hub

Role As A Financial Hub

As a result of the reforms in the past decade Cyprus has developed into one of the world's more important international business centers. In the years following perestroika it gained great popularity as a portal for investment from the West into Russia and Central and Eastern Europe. More recently, although Russia and Eastern Europe remain the most important investment destinations, there have been increasing investment flows from the West through Cyprus into Asia (particularly China and India), South America and the Middle East. In addition, businesses from outside the EU use Cyprus as their entry-point for investment into Europe. The business services sector is the fastest growing sector of the economy, and has overtaken all other sectors in importance. CIPA has been fundamental towards this trend.


Europe Eurasia Western Asia
Southern Europe East Mediterranean
Cyprus
Mediterranean Sea North Africa Middle East

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