For the fifth year in a row, Nicosia tops the list of small European cities of the future, according to research by fDi Intelligence, a division of the Financial Times Group.
The capital of Cyprus also ranked eighth in the category of Small European Cities of the Future – Foreign Direct Investment (FDI) strategy with a focus on human capital lifestyles.
The Nicosia Chamber of Commerce (Evel) announced the results, stating that it is “reward and recognition” for the efforts of the city, which has begun to develop into a modern city, home to most of Cyprus’ higher education institutions, hospitals, modern clinics, as well as pioneering research institutes.
The city also attracts foreign investment, “promoting the multiculturalism of the Nicosia business community”.
However, the inclusion of Nicosia in the FDI strategy category is the first to strengthen the capital’s ability to attract foreign investment.