The Cyprus Central Bank has issued figures on investment flows in 2000 showing a net outward balance of CYP 170m, although inward investment rose from CYP 31m in 1999 to CYP 54m in 2000.
The rise in outward investment from CYP 74m in 1999 to CYP 224m in 2000, representing 244 individual transactions, no doubt reflects the considerably more relaxed currency regime implemented by the Central Bank in 2000, as part of preparations for entry into the EU.
Most of the investments made by Cypriots abroad were in tourism and commercial activities on the Greek market.
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