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[Cyprus Times] Initiatives to diversify the development of free Famagusta, called for by the President of the Chamber of Commerce and Industry

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"The state to take additional initiatives"

Initiatives by the state to develop the free Famagusta region in other sectors, apart from tourism, Avgoustinos Papathomas called for, President of the Famagusta Chamber of Commerce & Industry from the podium of the first Famagusta Business Forum, organised by the sister chambers of Piraeus and Famagusta on the occasion of the 50th anniversary of their twinning.

Papathomas said that the free province of Famagusta, which relies almost exclusively on tourism, we believe that immediately, the structure of economic development should be diversified in order to develop in other sectors.

It was recommended that the state take additional initiatives in order to provide special incentives to local and foreign investors for new investments in areas such as Health, Education and High Technology.

He also announced that the Chamber, after several years of efforts, is in an advanced stage of agreement with a University School to offer postgraduate programmes in the Province from September 2023.

He once again appealed to the EU and the UN for "the HEA office in the enclave to operate under the administration of the United Nations, as a first measure of cooperation between the operations of the two communities on the basis of Security Council resolutions."

Mr. Papathomas said that after the unprecedented pandemic of coronavirus and the unexpected war in the heart of Europe, "we are called upon once again to demonstrate the virtues of the Greek business demon."

As he said, "we are called upon to create the conditions to highlight our strengths and take advantage of the opportunities that present themselves, changing course where necessary and improving the quality and competitiveness of our products and services."

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"We are changing course, we are thinking differently, we are thinking green - ecological - digital", Mr Papathomas stressed and concluded: "We believe that Greek and Cypriot businesses can achieve synergies in order to strengthen their presence in all sectors in the Eastern Mediterranean."

Source: CNA


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