The Cyprus Fiscal Council (CFC) and the Cyprus Fiduciary Association (CYFA) today signed a Memorandum of Understanding (MoU) to exchange views and jointly promote the study and analysis of issues of mutual interest.
The Memorandum provides for the development of joint working groups and the organisation of workshops as well as the mutual exchange of expertise on issues relating to the growth prospects of the Cyprus economy.
The terms of the Memorandum are governed by the principles of confidentiality and the data protection obligations of both parties.
The Director General of CYFA, Mr: "It is with great pleasure that we are today proceeding with the conclusion of the Memorandum of Understanding with the Fiscal Council. The Council is one of the most important economic bodies of the state, which is entrusted with the crucial task of ensuring the sustainability and resilience of public finances.
We are confident that the exchange of views on the various challenges facing the economy will enable us to further strengthen the Association's positions and will be of great help both in the effort to properly inform our members and in defending our field of activity.
We would like to express our special thanks to the President of the CYFA. At the same time, we look forward to its immediate implementation, with the sole purpose and aim of supporting the administrative services sector and, by extension, the international activity in the Cypriot economy."
The President of the Fiscal Council, Mr. The Memorandum allows the Fiscal Council to strengthen its structures and analytical dynamics in relation to the prospects, challenges and requirements of the Cypriot economy. The collaboration between the private and public sectors will be an important enhancement of the economy's arsenal to address emerging challenges and this Memorandum falls squarely within the framework of this enhancement of the capabilities of both the public and private sectors.
CYFA's vision to develop and support sustainable international activity in the Cypriot economy, as well as the organisation's commitment to maintaining high professional standards and the integrity of doing business in Cyprus, is a key element in the development of the Cypriot economy. Thus, the Fiscal Council welcomes with great satisfaction the conclusion of the Memorandum of Understanding and we are determined to proceed immediately with the implementation of our cooperation."
(MB/SX)
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