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Cyprus attracts registration of new investment funds technology companies despite pandemic
July 5, 2021
Although the coronavirus pandemic has slowed down Cyprus’ economy which is highly dependent on tourism, the Mediterranean island did attract formidable foreign investment over the past 15 months.
Specifically, from newly-registered investment funds and technology companies which helped reduce the island’s economic recession to 5.1% in 2020 compared to other Mediterranean countries whose average was 8.5%.