What is the current status of investment in nicosia s commercial and industrial energy storage field

Is Nicosia a divided city?

The Cyprus Problem and Regional Stability: Nicosia, the capital city of the Republic of Cyprus (ROC) remains the last divided capital in Europe. The island has been divided since 1974, with the U.S. Embassy located in the internationally recognized Republic of Cyprus.

What does US Embassy Nicosia do?

Embassy Nicosia seeks to advance U.S. commercial interests in Cyprus, facilitate U.S. exports to the island (such as information and communications technology), and build local trade and investment promotion capacity. With an estimated population of 1.2 million island-wide, Cyprus is a small market for U.S. exports and services.

Why should you invest in Cyprus?

Cyprus is a dynamic and evolving market that holds significant potential for U.S. investors. A low corporate tax rate and a highly skilled English- speaking labor force contribute to Cyprus’s attractive investment climate.

What can embassy Nicosia do for the ROC?

However, significant opportunities remain for Embassy Nicosia, in coordination with the U.S. Department of Treasury and the U.S. Department of Justice, to support the ROC’s private banks and regulatory authorities to improve transparency and confront regulatory challenges as the country strives to become a global financial services center.

What is the Cyprus problem?

The decades-long division of this EU member state (Cyprus Problem) remains a point of tension between Europe and Turkey, hindering EU-NATO cooperation, threatening regional stability, and providing an EU entry point for malign actors who exploit the island’s division to their benefit.