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ARTICLE · 26 OCTOBER 2017

Cyprus And Investment | October 2017

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Cyprus saw its highest GDP rise (a tad over 3%) in almost a decade in the first quarter of 2017.

CyprusStrategy
Angelos Paphitis
Angelos Paphitis
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Investment upswing brings brighter days for Cypriot economy

Cyprus saw its highest GDP rise (a tad over 3%) in almost a decade in the first quarter of 2017. The dark days of 2013 are behind the country, with traditional sectors like finance and shipping recovering and newer ones like education and energy getting more attention and making greater strides. They say that some good comes out of bad. Well, the country has worked hard to get its act together since the crisis of 2013. It toughened up its anti-money laundering regulations and was rewarded by being rated top of the pile for transparency in a report by Transparency International 2017. This restored the reputation of the island in the eyes of investors as an investment hub that offers a vast array of opportunities.

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