Politis

Videogate - The Presidential Palace is not the 'point of contact': These are the established mechanisms for attracting investment to Cyprus

Published January 25, 2026, 05:06
Videogate - The Presidential Palace is not the 'point of contact': These are the established mechanisms for attracting investment to Cyprus

The 'Videogate' scandal concerns the potential direct involvement of the Presidential Palace in attracting investment, bypassing established mechanisms. The article emphasizes that Invest Cyprus and the Business Service Center appear to be functioning effectively on their own, having managed to attract significant investment, especially in the technology sector. Specifically, 600 technology companies have invested in Cyprus through Invest Cyprus in the last three years, and the Fast-Track Business Activation Mechanism served 268 companies in 2023 alone. The article also mentions the website's comment publishing policy and encourages readers to report comments that violate the rules.