office@lawyers-cyprus.com

  • [En]
  • [Fr]
  • [Es]

June' 2016 | Archive | Blog

Economic Growth of 2,6% for Cyprus in Q1

2016-06-13

With a powerful culture comprised of two nationalities, Turkish and Cypriot, Cyprus is an interesting and attractive investment location. The local economy is developing very fast and one of the main indicators in this sense is the fact that following its admission within the European Union’s (EU) area, in 2004, the country adopted the European currency four years later, in 2008. Foreign investors are advised to invest here, as the economic framework provides positive results. In the first quarter of 2016, the economic growth in Cyprus was set out at 2,6%; our team of Cypriot lawyers can offer more details on the results of the main local industries.