Philenews

The Next Big Step is the Extroversion of Businesses

Published January 20, 2026, 10:23
The Next Big Step is the Extroversion of Businesses

The founder and CEO of Cyfield analyzes the course of the Cypriot economy, which has demonstrated resilience and adaptability in various crises. He points out that the development model based on attracting foreign investment has reached its limits and Cyprus needs to focus on strengthening the extroversion of Cypriot businesses. International expansion is considered a strategic necessity, as it offers access to larger markets, know-how and human capital, while also strengthening the economy's resilience. The return of added value to Cyprus, through the activity of companies abroad, is expected to create new jobs and increase tax revenues. Finally, it is emphasized the possibility of increasing the income of Cypriot workers from activities abroad, without having to leave the country.