For fifth year, Nicosia in FT list of top small European cities

Feb 24, 2023 | Cyprus Economy

Cyprus’ capital city also ranked eighth in the category for small European cities of the future – FDI strategy with a focus on human capital lifestyle.

Nicosia’s chamber of commerce (Evel) heralded the results, saying this was “a reward and recognition” for the city’s efforts which have begun to transform into a modern city, home to the majority of higher education academic institutions of Cyprus, hospitals, modern clinics, as well as institutes pioneering research.

The city is also attracting foreign investment, “contributing to the multiculturalism of Nicosia’s business community.”

Nicosia’s inclusion in the FDI strategy category is a first, however, which cements the power the capital has in attracting foreign investment.

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