President Anastasiades meets with US investment firm

Cyprus President Nicos Anastasiades met on Tuesday, with representatives of a large US investment firm, based in Washington, which is interested in investing in the island.

According to CNA sources the US investment firm’s interest is “multifaceted and includes the areas of energy, property and tourism as well as the construction of infrastructure” such as marinas and ports.

The firm’s representatives wished to express their intentions and to see what the Cyprus government’s position is as regards their plans.

At the same time, they would like to ascertain whether Cyprus is capable of dealing in a timely manner with possible investment plans.

In March, Cyprus secured a 10-billion-euro ($13 billion) financing deal from eurozone lenders to stabilise its battered economy. Capital controls have been imposed on the island’s banking sector following the agreement.