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Cyprus News Agency: News in English, 13-10-17
CONTENTS
[01] CyChiba sees huge investment potential from China
[01] CyChiba sees huge investment potential from China
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.
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