The meetings of Finance Minister Constantinos Petrides with German Finance Minister Christian Lindner in Berlin have been completed.
This is the first official visit of the Cypriot Finance Minister to Germany, following an invitation by his counterpart. The meeting focused on the economic impact of the war in Ukraine, the current developments in Europe as well as the challenges that Europe is facing. Challenges such as inflationary pressures and the formulation of appropriate fiscal and energy policies were of major importance.
At the same time, during the visit of the Minister of Finance to Berlin, a Memorandum of Cooperation was signed between the Republic of Cyprus and the German state organisation PD - Berater der öffentlichen Hand Gmbh, which is responsible, inter alia, for the promotion of reform actions, project management, digitalisation of processes in the public and wider public sector. The purpose of the Memorandum is to conclude a cooperation agreement for the establishment of a similar organisation in Cyprus, making Cyprus one of the first European countries to participate in the network of specialised services in the field of public sector reform and digitisation.
The intention of the Minister of Finance is to submit a proposal to the Council of Ministers for the creation of the Cypriot entity in April, sealing the government's commitment.
(B]PIO[/B]
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