The European Investment Bank group’s (EIB) latest investment survey reports that 81 per cent of Cypriot companies are engaged in global trade, significantly outperforming the EU average of 63 per cent.

The report, released on Wednesday, showed that there has been an 18 per cent increase in real investment levels in Cyprus since before the pandemic, supported by Recovery and Resilience Facility (RRF) funds.

Cypriot companies reported higher satisfaction with their investment activities compared to other EU countries.

The survey also noted a higher proportion of women in senior management roles in Cyprus.

However, it identified significant challenges, including the need for skilled staff and sufficient financing, more pronounced in Cyprus than elsewhere in the EU.

The vice president of the European Investment Bank (EIB), Kyriacos Kakouris commented on the survey results, saying that “the EIB investment survey emphasises the remarkable resilience and outward-looking nature of Cypriot businesses.”

“With investment levels significantly above pre-pandemic levels and with top integration in global trade, Cyprus is well positioned to achieve sustainable growth,” he added.

Moreover, Kakouris expressed optimism that “the ongoing focus on modernisation and innovation by Cypriot companies would foster long-term prosperity and competitiveness.”

The findings will be discussed at the EIB Group’s annual forum in Luxembourg from March 5 to 7, where leaders from politics, business, and finance will converge to discuss European investment strategies.

Additionally, key topics will include industry decarbonisation, artificial intelligence, and the capital markets union under the theme ‘Investing in a more sustainable and secure Europe’.