President Nikos Christodoulides held a meeting on Thursday in the United States with Richard Mashaal, founder of Senvest Management, and Brian Gonick, the company’s head of investments.

Government spokesperson Konstantinos Letymbiotis shared details of the meeting on social media.

“Senvest’s presence in Cyprus, with a broad investment portfolio and extensive experience in global markets, reflects the firm’s confidence in the resilience and prospects of the Cypriot banking system, as well as the broader business environment in the country,” he said.

Letymbiotis further stated that the leaders of Senvest acknowledged the positive strides made by the Cypriot economy, highlighting its steady upward trajectory.

This progress, they indicated, “has contributed to the creation of favourable conditions for attracting high-quality investments”.

During the discussion, Christodoulides reaffirmed Cyprus’ commitment to maintaining robust compliance mechanisms to prevent and combat money laundering, as well as ensuring the implementation of international sanctions.

“Adhering to these high standards of transparency and security further strengthens Cyprus’ reputation as a reliable financial centre,” he said.

Additionally, the meeting touched upon the possibility of expanding Senvest’s investment activities into other sectors of the Cypriot economy.

“The diversity and dynamism of investment opportunities in our country offer fertile ground for growth and further reinforce Cyprus’ image as an attractive destination for long-term investments,” Letymbiotis concluded.