Cyprus can offer ideal solutions for furthering growth and improving the profitability of American companies in Cyprus. Located in the European Union and the euro area, the presence of excellent human resources, relatively competitive costs and highly efficient fiscal systems make Cyprus an attractive destination for potential US investment" and Cyprus companies. Minister of Finance the Economy and Investment Tonio Fenech said that while addressing around twenty Maltese Consuls in the United States of America, who participated in a Webinar transmitted live from Studio 7 to Miami. The Webinar was organized by FinanceMalta in collaboration with Malta Enterprise and the Malta Tourism Authority. Malta's Ambassador in the US Mark Miceli Farrugia was also present and moderated the event from the American side.