Cyprus makes name for itself as attractive investor destination | World Finance

English: Destination Marketing Brand Cyprus fo...

English: Destination Marketing Brand Cyprus for Cyprus Tourism. Online PR and advocacy services for Cyprus Tourism (Photo credit: Wikipedia)

This upbeat article published by World Finance is well worth a read. Check it out!

via Cyprus makes name for itself as attractive investor destination | World Finance.

I am resident in Cyprus so can easily identify with the article.

There are a number of critical factors for Cyprus to help promote itself as an increasingly important investment hub:

  1. Adhere to the troika’s advice on financial recovery
  2. Successfully exploit offshore gas and oil
  3. Reach accommodation with Turkey on Northern Cyprus and the related issues
  4. Encourage inbound investment in strategic industries, like technology (like a near-shore hub for high technology from Israel)
  5. Open up the economy to greater competition, especially in the construction and the service sectors

Thoughts?

European Commission – Press release – Joint Press Statement by Ministers and Representatives of Austria, Bulgaria, Croatia, Greece, Italy, Romania and Slovenia and VP Šefčovič

English: Gas Pipeline marker Close up

English: Gas Pipeline marker Close up (Photo credit: Wikipedia)

This press release from the European Commission (EC) is a recommended read. Check it out!

via European Commission – PRESS RELEASES – Press release – Joint Press Statement by Ministers and Representatives of Austria, Bulgaria, Croatia, Greece, Italy, Romania and Slovenia and VP Šefčovič.

For me, this article highlights the ineffectiveness of the European Commission’s decision processes. They are too slow and indecisive.

Elsewhere in the news, Gazprom has announced that Turkey will be the next gas hub in the Eastern Mediterranean.

Surely, it’s obvious that the Southern Gas Pipeline is dead? – thanks to bureaucratic, inflexible EU processes and fears of corruption in some of the countries concerned.

Perhaps, the European Commission should benchmark their decision-processes from the Kremlin in Russia?

Thoughts?