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Ioannis Kaltsas: Cyprus is Considered a European Success Story

Ioannis Kaltsas: Cyprus is Considered a European Success Story

"Cyprus is considered a European ‘success story' as it rebounded in just five years and has been continuously upgrading over the past 3 years," said Ioannis Kaltsas, Head of Division, EIB Activities in Greece and Cyprus of the European Investment Bank, at the 2nd Cyprus International Investors Summit.

Kaltsas referred to the activities of the EIB in Cyprus and the promotion of the creation of important projects, while focusing on EIB Financing Programs provided to Start-up and Medium companies on favorable terms through banking institutions.

The EIB has been active in the Cypriot market since 1981 and supports businesses and the economy in general by providing funding and other projects / tools to both the private and the public sector. In 2016, the EIB funded projects and investments in Cyprus amounting to € 230 million, while the Bank has allotted € 3.9 billion of credit to our country.

 

About

The 2nd Cyprus International Investors Summit presents investment opportunities in the Property, Real Estate and Leisure sectors in Cyprus and it is organised by Invest Cyprus (CIPA). This event is a perfect platform for institutional investors, investment firms, real estate agents, citizenship specialists, real estate lawyers, family offices and property/leisure fund providers to network with local companies involved in the sales and promotion of the real estate/leisure markets.

 

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