Invest Cyprus: EIB decision to open office in Nicosia “a significant milestone for Cyprus”

11:06 - 24 July 2024

Financial Services

Invest Cyprus has welcomed the European Investment Bank Group (EIB Group)'s decision to open offices in Nicosia, describing it as “a significant milestone for Cyprus”.

“This development marks a significant milestone for Cyprus, integrating Nicosia into the EIB Group's network of external offices across the European Union and the world,” Invest Cyprus said on its LinkedIn page.

It is worth noting that Cyprus consistently ranks among the top beneficiaries of EIB Group financing relative to its size. As such, Invest Cyprus said the EIB's presence in Cyprus is a testament to the country’s success in attracting investments, building infrastructure that supports entrepreneurship and innovation within the EU, and ultimately boosting economic growth.

“The new EIB offices will provide on-the-ground advisory and technical expertise, facilitating engagement between the EIB and local stakeholders, businesses, and the public sector,” Invest Cyprus concluded.

EIB Head Nadia Calvino will inaugurate the Bank’s offices in Cyprus in the Autumn, Finance Minister Makis Keravnos has told the press, following the meeting of the Cabinet at the Presidential Palace.

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