The debate on the adoption of legislation to facilitate strategic investments in the Republic of Cyprus started in the Parliamentary Committee on Interior on Thursday.
In a statement to journalists, DISY MP Nikos Sykas said that a major problem that plagues development in general is the lengthy procedures and delays in the licensing of large developments.
Therefore, he added, the bill provides that for developments in excess of 20 million euros an immediate, with a one-year timetable, approval, implementation and provision of planning and building permits is ensured, so that this change becomes a further challenge for the development of the country, something which, he said, Cyprus needs.
At the same time he said that there are several issues that need to be discussed, but the big picture is that there is a need to move the money and create that economic development that will certainly help the whole place. She also described the bill as "very important".
MP of the Ecologists' Movement - Citizens' Co-operation Alexandra Attalidou expressed the view that it is absurd that the investment sector is under the supervision of the Ministry of Interior, stating that we are used to investments in Cyprus being associated only with developments and concrete. He added that the Movement believes that investment should be placed under a Ministry of Economy - perhaps by transforming the Ministry of Finance into the Ministry of Economy - as he said that investment should also be in line with the state's strategy for the future of the country and the EU's strategy for the Green Deal. At the same time, he said that they object to the supervision by the Ministry of Finance since there is no external good evidence that it will be properly managed and referred to the issue of illegal and irregular passports. He added that the issue of investment should be decoupled from building developments and they will not accept planning incentives that stress the environment to attract supposed investment. He added that there should be a Commission which would examine each investment application in the light of the Green Deal and the EU's "Fit for 55" objective.
Source: CNA
Contents of this article including associated images are belongs Cyprus Times
Views & opinions expressed are those of the author and/or Cyprus Times
Source
