President defends Cyprus Investment Programme at European Parliament

EU Heads of State or Government have been invited to debate the future of Europe with the European Commission and Members of the European Parliament (MEPs) in the EP Plenary.

Despite the terror act in Strasbourg on Tuesday (11 Dec 2018), the President of the Republic of Cyprus, Nicos Anastasiades, addressed the plenary session of the European Parliament yesterday (13 Dec 2018).

Anastasiades focused on the common market, the multiannual financial framework, the defence planning of the EU, the reunification efforts of Cyprus, and on the issue of refugees. Measured in relation to the population, Cyprus hosts the largest number of refugees in the EU.

The President also defended the Cyprus Investment Programme, through which qualifying investors may apply for Cyprus citizenship by exception. The Cyprus Investment Programme had been highly criticized by the European Commission and the European Parliament.

President Anastasiades stressed that only 4.700 Cyprus citizenships have been granted through the Cyprus Investment Programme during the last year, representing only 0,3% of the total number of citizenships granted by all other EU member states during the last five years.

The address of the President on YouTube.

More information on our website: The Cyprus Investment Programme

 

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