EU Membership Spurs Government Investment for Cyprus Solution

May 17, 2024

    Government Investment Aims to Resolve Cyprus Problem

    In a significant move towards resolving the long-standing Cyprus problem, President Nikos Christodoulides announced a strategic government investment in the European Union during the inauguration of a poignant photography exhibition titled “20 Years of Cyprus in the EU.” The exhibition, organized by the Press and Information Office, marks two decades of Cyprus’ EU membership and comes as the island nation approaches the 50th anniversary of the Turkish occupation.

    Addressing attendees at the event, Christodoulides underscored the EU’s pivotal role in the quest for a final resolution. “The Cyprus problem is fundamentally a European matter, and we are leveraging the EU to achieve a final settlement, utilising all political and economic tools within the context of EU-Turkey relations,” he stated. The President emphasized the collective rights of all legal residents, regardless of ethnicity, to enjoy the privileges of European citizens in a unified Cyprus.

    Reflecting on the country’s journey since its accession to the EU in 2004, Christodoulides described it as “the most significant achievement and decisive development for the country since its establishment in 1960.” He credited this success to long-term strategic planning by successive governments and highlighted the crucial support from the Hellenic Republic.

    The President concluded with a message of unity, stressing that the strength of EU member states is rooted in their solidarity. He remarked, “As member states, only if we are together, united in our diversity, sharing common principles and values, can we not only survive but also lead in today’s international context marked by intense geopolitical competition, instability, and multiple challenges.”

    With this renewed focus on government investment and collaboration within the European Union, Cyprus aims to forge a path toward peace and stability, setting an example of unity and determination ahead of its significant anniversary.

    European Union
    The EU supports reunification efforts in Cyprus through diplomatic engagement, funding bi-communal projects, and promoting confidence-building measures to foster cooperation between Greek and Turkish Cypriots.

    Can the European Union help resolve the Cyprus issue?

    Send a request and get a free consultation:
    August 2026
    Businesses Secure Long-Term Stability with New Lease Agreements
    The EURUSD currency pair remains in a tight range above the 1.0900 support level on Monday as it struggles for direction. Investors seek fresh cues at the start of a busy data week, which may indicate how much the Federal Reserve will cut interest rates in September.
    India Sees 22.5% Growth in Tax Collections, Boosted by Lease Revenues
    India's net direct tax collections saw a significant boost, growing by 22.5% as of August 11, compared to 19.54% the previous month. This surge was driven by a 30% rise in Personal Income Tax revenues and a 111% increase in Securities Transaction Tax receipts, despite modest corporate tax growth.
    Lawmakers Consider Alternatives as Lease Deduction Nears Expiration
    Lawmakers are evaluating alternatives to the expiring 20% deduction for qualified business income introduced by the Tax Cuts and Jobs Act. One option is corporate integration, which could address existing distortions. Businesses with a lease may also be impacted by these potential changes.

    Cyprus visa guide

    • Travel visa basics
    • Cyprus application process
    • Check visa status
    • Online visa verification
      Thanks for the apply!
      We will get back to you within 1 business day
      You can schedule a call time at your convenience now:
      In the meantime, you can get a free consultation
      with our AI-assistant