Michalis P. Michael: 'We are Expanding Our Efforts to New Markets'
Michalis P. Michael, Chairman of Invest Cyprus, spoke at the 8th Invest Cyprus International Investment Awards which took place at the Presidential Palace on July 3 about the ‘miracle’ of Cyprus’ economic recovery.
Although many people refer to Cyprus’ economic recovery as a great success story, Michalis Michael considers it as more of a tremendous economic effort from the whole of our society and that’s how it became a miracle. “The growth path the Cyprus economy is following is quite remarkable. And this could certainly not have been achieved without the pivotal inflow of added-value foreign direct investments which have been materialised in our country in the past years,” he said.
“It should be noted, however, that no miracle could have ever happened without the perseverance of the private sector and of course the tireless efforts of the Cyprus government through a prudent fiscal management, the repositioning of the financial system on solid foundations and of course a number of reforms and measures promoting a pro-business growth model,” he added.