Promoting Cyprus internationally a priority, Limassol firm says

Limassol-based broker Freedom Finance Europe this week announced that it served as a general partner of the recently-held Cyprus-Kazakhstan Business Forum, which took place in Almaty, Kazakhstan, on June 21.

The event was organised by the Cyprus-Kazakhstan Business Association in collaboration with the Cyprus Chamber of Commerce and Industry and the Ministry of Energy, Trade, and Industry of Kazakhstan.

The forum attracted over 50 companies from Cyprus and Kazakhstan, with the aim of fostering future collaborations between the two markets.

“With the participation of government officials, ambassadors, and entrepreneurs, this event represents a first step towards a more comprehensive cooperation on business, cultural, and political levels,” the company said.

Olga Milko, Director of Business Development at Freedom Finance Europe, discussed the role that businesses can play in enhancing Cyprus’s reputation.

“As a company based in Cyprus, one of our priorities is to promote the country internationally,” Milko stated.

“At Freedom Finance Europe, we take pride in organising and supporting business, cultural, and sports events, paving the way for new opportunities for Cyprus, while seizing the opportunities to share best practices with internationally recognised business leaders,” she added.

Costas Markides, President of the Cyprus-Kazakhstan Business Association, emphasised the association’s mission to establish Cyprus’s good reputation worldwide, leaving behind past mispractices and strengthening an already thriving business environment.

“We must be transparent, and every business should act responsibly and behave as an ambassador for Cyprus abroad,” Markides stated.

Kostas Koumis, Deputy Minister of Tourism of the Republic of Cyprus, noted that his ministry aims to establish direct air connections between the two countries.

“We see significant opportunities in developing relations between our countries. The main direction to be pursued is the establishment of direct flights to facilitate transportation and communication between the countries.” the minister said.

“I would like to note that this is my personal opinion, not the official position of the ministry, but we are optimistic that next year we will achieve direct flights between Cyprus and Kazakhstan, which will contribute to the increase of two-way tourist flows,” Koumis added.

In a separate statement, the Cyprus Chamber of Commerce and Industry (Keve) said that the key objective of the mission was to “further strengthen the economic, trade, and business relations between Cyprus and Kazakhstan”.

During the forum, opportunities offered by Cyprus as an investment destination were presented, including investment funds, as well as its role as a regional and international business hub.

Additionally, the signed double taxation avoidance agreement between Cyprus and Kazakhstan was extensively analysed.

Furthermore, topics of mutual interest and the strategic advantages of the two countries were discussed, followed by presentations from participating Cypriot companies.

After the business forum had concluded, a networking reception was held, providing Cypriot business leaders and entrepreneurs with the opportunity to meet their Kazakh counterparts.

“This business mission is part of the broader effort undertaken by Keve, in collaboration with the Ministry of Energy, Commerce and Industry, as well as the respective embassies and trade centres of the Republic of Cyprus, with the ultimate goal of promoting Cyprus and its competitive advantages in significant foreign markets,” the chamber explained.