CyChiba sees huge investment potential from China in Cyprus

CyChiba sees huge investment potential from China in Cyprus

 

Review by Christos T. Panagopoulos –

The huge potential to increase Chinese investments in Cyprus has been pointed out by Secretary of the Cyprus-China Business Association (CyChiba) Andis Nathalael, who has noted the rapid rise of direct investments from China in Cyprus in 2010-2011, when the relevant index skyrocketed from 1.36 million US dollars to 90.0 million.
What is needed, Nathanael told CNA in an interview, is to set up a coordinating team of CEOs to work towards achieving specific aims in promoting the opportunities Cyprus has to offer, especially to Chinese investors.

In the meantime, this is being done albeit with limited resources by CyChiba, which has been set up at the Cyprus Chamber of Commerce and Industry (CCCI) and which, in cooperation with the Ministry of Commerce and other organisations, as well as the Embassy of China in Nicosia, launched an effort a few years ago to attract investments from China.

Source: CNA