President of Cyprus Nicos Anastasiades expressed his full commitment to facilitating business and investment collaborations between his country and the U.S. at the Capital Link Invest in Cyprus Forum that took place in New York on Friday.
Addressing an audience of leading entrepreneurs, Anastasiades noted that recently there have “significant US investments in Cyprus”, signaling out the most recent one being to Hellenic Bank, one of the country’s biggest banking institutions. He said that Cyprus’ aim is to facilitate even more investments.
Capital Link Invest in Cyprus Forum is a conference that aims to raise awareness about Cyprus as a global business and investment destination to a wider investor audience.
The Cypriot president refereed to the positive economic outlook of Cyprus, which “enhances the trust of existing investors and at the same time sends a strong message to new investors to explore the significant potential of our country.”
Anastasiades also sought to reassure investors about allegations surfacing in foreign media in relation to money laundering.
“Cypriot financial institutions have been very diligent in advancing their corporate governance policies and have vigorously stepped up their efforts to combat money laundering phenomena,” the President said.
“American investors can rest assured that the Republic of Cyprus provides investment security and protection, in full compliance with European and international standards, he added.
The event has been organized by Capital Link and at the initiative and cooperation of the Cyprus Union of Ship-owners and in cooperation with the Cyprus Investment Promotion Agency. Hellenic Bank is the Lead Sponsor, while Deloitte and EY were the Grand Sponsors.
Other speakers included Harris Georgiades, Minister of Finance of the Republic of Cyprus, George Lakkotrypis, Minister of Energy, Commerce, Industry and Tourism of the Republic of Cyprus, who delivered remarks on “Cyprus as a Regional Energy Hub” and Natasa Pilides, Deputy Minister of Shipping of the Republic of Cyprus, who spoke on the subject of “Cyprus as a Regional Maritime & Logistics Industry Hub.”
Source: Greek Reporter USA