Call us today: (+357) 22889800

Author: A. Antoniades

Annual B2B InvestPro Cyprus Limassol 2024 Conference

We would like to inform you that the Cyprus Chamber of Commerce and Industry (CCCI) supports the annual B2B InvestPro Cyprus Limassol 2024 Conference that will take place on 27th May 2024, at Parklane Hotel in Limassol. The conference will bring together industry leaders, professionals, and experts to investigate crucial business topics.

The conference will feature a comprehensive agenda covering a wide array of topics essential for businesses and investors, from relocation strategies to business consulting, international law, asset management, taxation, banking, citizenship by investment programs, company set-up, real estate and wealth management, to the latest trends in fintech & blockchain. Attendees can expect insightful discussions led by distinguished speakers.

With the global landscape constantly evolving, businesses need to stay informed and adapt to changes effectively. The InvestPro Cyprus Limassol 2024 Conference offers a unique opportunity for participants to gain valuable insights, learn from industry experts, and discover innovative solutions to navigate the complexities of today’s business environment.

Early bird registration is open, with special discounts. Using promocode CCCI while registering a 10% discount will be applied.

For more information and/or registration, please contact bc@boscoconference.com or WhatsApp: +372 5440 9644. Secure your spot today!

SelectUSA Investment Summit 2024

The SelectUSA Investment Summit is the highest-profile event in the United States that brings together potential investors and U.S. economic development organizations to facilitate business investment and job creation. It’s a great opportunity for companies looking to expand to the U.S. to connect with relevant organizations, learn from experts, and explore investment opportunities. Key reasons to attend include:

•  One-stop shop for U.S. expansion: Meet representatives from all 50 states and territories, access expert guidance, and explore financing options.
•  Connect with potential partners: Network with economic development organizations, accelerators, incubators, and potential investors.
•  Develop your investment strategy: Learn from industry experts and policy leaders through workshops and sessions on relevant topics.
•  Proven track record: The Summit has facilitated over $98 billion in new investment and supported over 81,000 jobs across the U.S.

The Investment Summit website (https://www.selectusasummit.us/) contains the application for all participants and includes all associated charges. Please note that there is a vetting process, and the Department of Commerce makes the final decision on approval for participation.
This four-day program will include main stage sessions with speakers from the White House, Cabinet, global CEOs, and U.S. state and territory governors. International businesses interested in opening or expanding operations in the United States and Economic Development Organizations (EDOs) will meet to discuss their business plans and state-level resources, programs, and incentives at the Exhibition Hall.

The Exhibition Hall also contains the U.S. Government Pavilion, where international businesses can meet with federal agencies’ representatives to learn about policies, regulations, and resources relevant to their investment plans. The Investment Summit also features workshops to help international businesses better understand the U.S. market and technical elements to investing in the United States, including visas, site selection, federal and state incentives, and more.

Running concurrently with the Investment Summit will be the SelectUSA Tech program that serves eligible international tech startups developing innovative technology products/services and planning to expand to the U.S. market within the next two to three years. We provide services to support their U.S. expansion efforts and create space for them to make connections to the U.S. startup ecosystem. The 2024 Investment Summit will feature SelectUSA Tech academy sessions specifically designed for startup attendees, industry pitching competitions, and targeted networking opportunities. Participation fees for startup applicants can be discounted depending on the startup.
The 2023 SelectUSA Investment Summit saw record-breaking numbers with more than 4,900 participants, representation from 55 U.S. states and territories and more than 83 international markets. President Biden also delivered an address in support of FDI and 16 U.S. governors, six cabinet members (Commerce, Education, Energy, Transportation, State, and USTR), and seven other senior administration officials participated in programming.

Foreign Governments, business associations, and private sector companies are encouraged to attend through representatives that may assist in raising local awareness and participation by foreign investor companies at the Investment Summit.

If you are interested in joining a delegation to the SelectUSA Summit led by the American Embassy in Cyprus, please contact Ms. Ephie-Yvonnie Charalambidou, Commercial Specialist at charalambidouey@state.gov.

Announcement by the Cyprus Statistical Service – Monthly Economic Indicators: January-February 2024

Monthly Economic Indicators: January-February 2024

The Statistical Service announces the publication of the bimonthly bulletin «Monthly Economic Indicators» for the period January – February 2024. The bulletin includes the most important short-term economic indicators for the Cyprus Economy, for the latest months up to February 2024, as well as comparative data for the last four years, which were available until the 11th of April 2024.

 

The Manufacturing sector during the month January 2024, recorded an increase of 3,2% compared to January 2023.     

The total area of Building Permits Authorized reached 198,2 thousand square metres during the month January 2024, recording a decrease of 2,4% compared to the corresponding month of the previous year.       

The total registrations of Motor Vehicles increased by 45,0%, reaching to 8.589 during the period January-February 2024. Private saloon cars increased to 6.325, recording a rise of 50,1% and light goods vehicles increased to 765 recording a rise of 62,8% compared to January-February 2023.

The Consumer Price Index increased by 1,8% during the period January-February 2024, compared to the corresponding period of the previous year.

The total Imports of Goods reached €1.698,4 mn during the period January–February 2024, recording a decrease of 32,2% and total Exports of Goods reached €554,1 mn, recording a decrease of 3,8%.

The Arrivals of Tourists totaled 212.995 during the period January-February 2024, compared to 209.630 in the corresponding period of 2023, recording an increase of 1,6%.

More statistics are available in the Monthly Economic Indicators bulletin, available in electronic form on the online portal of the Statistical Service.

View the complete announcement here

Announcement by the Cyprus Statistical Service

Building Permits – Decrease both in Area (2,4%) and in Value (8,3%)

Jan 2024

Decrease both in Area (2,4%) and in Value (8,3%)

The Statistical Service announces that the number of building permits authorized by the municipal authorities and the district administration offices during January 2024 stood at 587. The total value of these permits reached €221,3 million and the total area 198,2 thousand square metres. These building permits provide for the construction of 834 dwelling units.
Compared to the corresponding month of the previous year, the number of building permits issued decreased by 0,5%. The total value of these permits decreased by 8,3% and the total area by 2,4%. Thenumber of dwelling units recorded a decrease of 11,1%. Building permits constitute a leading indicator of future activity in the construction sector.

View the full announcement here (PDF)