Role As A Financial Hub
As a result of the reforms in the past decade Cyprus has developed into one of the world's more important international business centers. In the years following perestroika it gained great popularity as a portal for investment from the West into Russia and Central and Eastern Europe. More recently, although Russia and Eastern Europe remain the most important investment destinations, there have been increasing investment flows from the West through Cyprus into Asia (particularly China and India), South America and the Middle East. In addition, businesses from outside the EU use Cyprus as their entry-point for investment into Europe. The business services sector is the fastest growing sector of the economy, and has overtaken all other sectors in importance. CIPA has been fundamental towards this trend.
| Europe | Eurasia | Western Asia | ||
| Southern Europe | East Mediterranean | |||
| Cyprus | ||||
| Mediterranean Sea | North Africa | Middle East |
Read more about this topic: Economy Of Cyprus
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