The forum's mission is to bring the most important market players, regulators and consultants together around the same table to discuss the most pressing issues and develop effective solutions.
Cyprus is a globally recognised financial and business center due to its regulatory framework and transparent tax system. As an industrialized jurisdiction, Cyprus is rightly one of the most advanced markets in Europe, both from a regulatory standpoint and in terms of the introduction of innovative financial services. The government has a strong focus on innovation and research, which is closely linked to the development of fintech, and participates in many international blockchain initiatives. The Annual Financial Markets Forum in Cyprus will discuss the development of markets in an era of de-globalisation, digitalisation and the use of big data in the financial sector, as well as the ESG agenda and sustainable finance.
One of the key themes of the forum is attracting investment and companies to Cyprus. The island is located at the crossroads of three continents - Europe, Africa and Asia. This strategic location makes the country an extremely attractive jurisdiction for investors from the EU, Asia and the Middle East.
The forum is planned to be held annually, which will help financial market participants to systematically exchange experiences and address specific industry issues.
The ever-changing international landscape presents new unprecedented challenges for economies across the world. At the same time, digital transition, and evolving opportunities for diversification provide smaller countries with unique place within the shifting global setting. Governments, institutions and businesses should show their readiness to tackle the current crisis through flexibility and openness to new, bold approaches.
Evolving international challenges, including the ongoing war in Ukraine, disruptions in energy and commodity markets, and the intensifying sanctions environment in a highly globalized world are contributing to the unprecedented challenge. Seeking to navigate the shifting international framework, countries and businesses form partnerships and identify best practices for the evolving global landscape.
Participants:
Moderator: Maria Clappa
Partner Tassos Papadopoulos & Associates LLC
The Cypriot economy has shown resilience to crises over the past years and is among the top economies worldwide in terms of post-pandemic foreign direct investment recovery. Cyprus now opens, attracting international investments, emphasizing country’s commitment to fostering economic growth and diversifying its growth model according to the new economic vision.
Participants:
Moderator: Marios Giorgoudis, General Manager at TechIsland
International business: Cyprus as an Emerging Business Centre of the Eastern Mediterranean
Providing a platform for Cyprus International Business Association CIBA for a vivid dialogue about relevant issues and challenges
Having showed notable resilience in 2022, recording significant growth of 5.6%, despite the negative international environment, the Cypriot economy is expected to grow by 2.5% in 2023, well above the euro area average. The economic growth of Cyprus was largely supported by new international business ventures. Due to new incentives, many high value-adding foreign companies have been attracted to Cyprus, further supporting Cypriot GDP, and reinforcing the vision to transform Cyprus into an emerging technology hub.
Participants:
Moderator: Vassilios Demetriades, Former Shipping Deputy Minister to the President
Participants at the forum include the Ministry of Finance of the Republic of Cyprus.