Cyprus Keeps Expectations Low on US Investment Drive

Cyprus Keeps Expectations Low on US Investment Drive

Christodoulides’ US Roadshow Highlights Cyprus as a Startup and Tech Investment Hub

The Cypriot government is keeping expectations low regarding its efforts to attract US investors, a goal pursued during President Nikos Christodoulides’ recent roadshow across several US states.

President Christodoulides led a mission aimed at presenting Cyprus as an attractive investment destination, promoting its advantages to business communities in the United States.

However, former US President Donald Trump’s surprise decision to impose sweeping trade tariffs has further dampened already limited expectations, introducing additional uncertainty to global trade and investment flows.

As Brief reports, speaking on CyBC’s Trito radio on Monday morning, Deputy Government Spokesperson Yiannis Antoniou appeared notably cautious.

“Unfortunately, efforts to attract quality investments in Cyprus require long-term commitment, but they must also be continuous,” he said.

He added that significant efforts have been made, expressing hope that the outcomes will be equally substantial.

President Christodoulides, following his meetings in Houston, is expected to travel to San Francisco—his third and final stop—where, Antoniou pointed out, several global tech giants are headquartered.

“We want to explore potential synergies. Cyprus is increasingly seen as an emerging destination for startups and innovation-driven companies,” he noted.

Antoniou also highlighted the country’s favorable tax framework, strong infrastructure, skilled workforce, and access to the European Union, all of which contribute to Cyprus’ appeal as an investment destination.

“We believe Cyprus is an attractive choice for certain technology investments,” he added.

No Official Meetings with US Government Representatives

When asked whether the President would meet with any US officials during his visit, Antoniou clarified: “While it may sound simple, such meetings are extremely difficult and complex in diplomatic terms, especially since this is not an official state visit. Therefore, any meetings the President may hold will be unofficial in nature.”

“At this stage,” he said, “there is nothing further to announce. If the opportunity arises, the President will make use of it.”

President Christodoulides did meet with ExxonMobil Vice President John Ardill last Saturday. The two discussed current and future energy developments within Cyprus’ Exclusive Economic Zone (EEZ).

ExxonMobil, in partnership with QatarEnergy, holds the exploration and exploitation rights for Blocks 5 and 10 of Cyprus’ EEZ.

In Block 10, the company has already completed two successful exploratory drillings confirming the presence of natural gas in the "Glaucus" field. Meanwhile, drilling is currently underway in Block 5 at the "Electra" prospect.

Loader