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Funds Summits Praises Significant Progress in The Cyprus Investment Funds Sector
November 12, 2019
The significant progress achieved in the Cyprus investment funds industry was highlighted in the two-day International Funds Summits that began on Monday in Nicosia with 580 participants of which 120 from abroad, the CNA reported.
In the Summit’s opening, Cyprus Finance Minister Harris Georgiades, Central Bank Governor Consantinos Herodotou and Cyprus Investment Funds Agency Angelos Gregorides highlighted the sector’s significant growth in the past years and stressed they will continue to cooperate for the progress of the industry that saw its asset under management to triple in the last years.
“I am delighted to say that over these years Cyprus has not only been able to make an entry to this promising and dynamic industry but it has actually been able to register a steady and impressive growth” the Finance Minister said addressing the conference opening session, highlighting the sector’s growth as an example of the cooperation between the authorities, the parliament and the private sector professionals.