PwC Cyprus: Foreign Investments are crucial for the development of the Cypriot economy

For yet another consecutive year, PwC Cyprus presented the 12th Invest Cyprus International Investment Awards. This prestigious event has established itself as the foremost platform for highlighting foreign investments in Cyprus, recognizing international companies and investors who significantly contribute to the development of the Cypriot economy.

In a dazzling ceremony, international personalities and foreign companies were honored for their trust in our country and their overall contribution. The President of the Republic, Nikos Christodoulides, stated in his address, "Our goal is clear: a prosperous economy characterized by great competitiveness, ease of doing business, and sustainability. An economy that can adapt to the constant changes required by the complex international system."

On behalf of PwC Cyprus, the organization's Chief Executive Officer, Mr. Philippos Soseilos, together with the Minister of Interior, Constantinos Ioannou, presented awards to MHV/Invel Real Estate, and their founder, Christophoros Papachristoforou.

Welcoming the event, Mr. Soseilos remarked on the strength of the economy of Cyprus and outlined his further thoughts on this under a number of pillars: Potential, Reorientation, Reinvention, a Sustainable Approach and the Perception Gap, meaning bridging the gap that exists between the real image and the misconceptions that prevail in relation to the local business environment. Regarding the pillar of the sustainable approach, he underlined that "We need a systemic approach in all areas, and we must turn into a Cyprus national team in order to attract even more investors."

During this year's ceremony, the following international companies were awarded: Criteo, Boutique Beverages Bottling International Ltd, MHV/Invel Real Estate/Christophoros Papachristoforou, Monjasa, Oracle Cyprus, HELLENiQ ENERGY, and American University of Beirut-Mediterraneo.

The event took place on Wednesday, July 3, 2024, at the Hilton Hotel and was held under the auspices of the President of the Republic, Nikos Christodoulides.