“Invest Cyprus” is welcoming the decision of US-based work management company “Wrike” to establish its physical presence in Cyprus, which recognizes Cyprus’s growing reputation as a “tech island” in Europe.

The CEO of Invest Cyprus said that “Cyprus’s status as an emerging European technology hub has been strengthened by Wrike’s decision to open offices in Nicosia. Wrike joins the growing tech ecosystem in Cyprus which showcases that the country is an ideal place to live and work. It proves that the new strategy in innovation and tech is driving the island’s evolution into a modern business and entrepreneurial hub.”

While Andrew Filev, the CEO and Founder of “Wrike” pointed to the competitive advantages offered by Cyprus compared to other potential investment destinations, by stating that “Our company has chosen an excellent jurisdiction through which we can focus on building the world’s most powerful work management platform,” says Filev. “The assistance we have received from Invest Cyprus has been valuable and professional, and we hope our continued expansions in the country contributes to Cyprus’ position as Europe’s next big tech hub. It’s good to know that in Invest Cyprus, we have a partner that is able to help us compete internationally.”

“Wrike” has already relocated more than 150 employees for different departments, in Nicosia, Cyprus, clearly showing the company’s trust and confidence in the big possibilities the country may provide to global tech businesses.