Cyprus investments association backs FDI control bill

The Cyprus Association of Large Investment Projects has backed a bill to establish a national mechanism for the control of foreign direct investments (FDI), saying it will bolster the credibility of the state and the economy without deterring foreign investors.

Covering key sectors such as energy, financial services and defence, the bill aligns with Cyprus’ wider strategy to attract international capital for major projects that support long-term growth. 

The association said...