Cyprus promoted as EU gateway for Lebanese businesses
The Cyprus Chamber of Commerce and Industry (Keve) and Invest Cyprus on Monday co-organised a forum that sought to promote the island as a place through which Lebanese businesses can gain access to the European Union.
The organisers said that the event, titled ‘Discovering Cyprus: A Hub for Business Growth and Opportunities’, marked a “significant step towards strengthening business and economic ties between Cyprus and Lebanon”.
They added that it showcased “the strategic opportunities for collaboration and positioning Cyprus as a gateway to the European Union, as well as Mediterranean and Middle Eastern markets”.
At the event, Keve president Stavros Stavrou welcomed a business delegation from the French-Lebanese Chamber of Commerce and Industry.
Moreover, Stavrou highlighted the unique advantages Cyprus offers as a business destination, such as its favourable business environment, competitive tax regime, and robust legal framework.
“These factors make Cyprus an ideal location for Lebanese and international businesses looking to expand into European and global markets,” Stavrou stated.
Stavrou also pointed to the potential for trilateral cooperation between Cyprus, France, and Lebanon, something that “may be explored further in future discussions”.
The forum continued with a presentation from the Deputy Minister of Research, Innovation, and Digital Policy Nicodemos Damianou, titled “Cyprus: An Emerging and Rapidly Growing Regional Technology and Innovation Hub“.
During the presentation, Damianou discussed the reforms and investments Cyprus is making in the digital sector, something which is said to be “positioning the country as a base for high-tech services and a key data and connectivity hub”.
The forum concluded with scheduled business-to-business meetings between Cypriot and Lebanese entrepreneurs.
The organisers said that these meetings “provided valuable opportunities for networking and establishing business partnerships”.
“These interactions are expected to pave the way for not only trade exchanges but also joint investments, research projects, and innovative initiatives aimed at fostering sustainable growth and innovation,” the announcement concluded.