2022-2023 Cyprus Country Report
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CYPRUSCOUNTRY REPORT <strong>2022</strong><br />
18th<br />
á 50 PLACES<br />
<strong>Cyprus</strong> ranked in 18th place in the<br />
2021 Greenfield FDI Performance<br />
Index, climbing 50 places<br />
compared to the year before<br />
Top 10<br />
<strong>Cyprus</strong> is in the top10<br />
ranking of countries that<br />
stand out for the post-pandemic<br />
investment recovery<br />
á150%<br />
Greenfield investments in <strong>Cyprus</strong><br />
rose by 150% in the first half of <strong>2022</strong><br />
from the same period of 2019<br />
á600%<br />
increase in software and<br />
IT investments in <strong>Cyprus</strong><br />
between 2019 and <strong>2022</strong><br />
Sector<br />
Source: FDI Intelligence<br />
Source: FDI Intelligence<br />
CUMULATIVE FDI LIABILITIES (INVESTMENTS) BY SECTOR 2016-2020<br />
€/Billion<br />
Finance & Insurance 41.7<br />
Real Estate 4.8<br />
Information & Communication 1.4<br />
Professional Scientific & Technical 1.3<br />
Total (including others) 52.7<br />
being the first British university to establish a campus on the island. This has since<br />
been followed by the announcement of the American University of Beirut (AUB) to establish<br />
a €29 million campus in Paphos in <strong>2023</strong> – branded the American University of<br />
Beirut-Mediterraneo. The aim is to accommodate over 2,000 students in the coming<br />
years.<br />
<strong>Cyprus</strong> hosts an impressive and<br />
fast-growing R&I ecosystem, featuring<br />
high quality academic and research institutions<br />
and six Centres of Excellence (CoE).<br />
The <strong>Cyprus</strong> Institute has established itself<br />
as a significant research institute with<br />
global networks of excellence supported<br />
by significant EU funding. The number<br />
I<strong>Cyprus</strong> hosts an impressive and<br />
fast-growing R&I ecosystem,<br />
featuring high quality academic<br />
and research institutions and<br />
six Centres of Excellence (CoE)<br />
of foreign students choosing <strong>Cyprus</strong> for their studies has almost tripled in the last five<br />
years, representing over 60 different countries and supporting the growth of <strong>Cyprus</strong><br />
into a true global educational centre. This fact underlines the great opportunities that<br />
exist in <strong>Cyprus</strong> for the establishment of new universities, colleges and institutes.<br />
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