Direct foreign investment to Cyprus real estate in 2015 amounted to €2Bn

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Cyprus is gradually recovering from the March 2013 crisis that evoked default and bankruptcy of a number of banks, which in turn caused and the seizure of all deposits held in banks totalling 100,000 euros or more. What should be noted is that CIC law in Russia contributed greatly to the increased interest in Cyprus among Russian businessmen, who embarked on opening small offices and shifting personnel in order to signify their presence in Cyprus.