The will of his Government to take all necessary measures to protect the name of Cyprus as a reliable business and investment centre was expressed today by the President of the Republic Mr.Nicos Christodoulides, who is participating in the Economic Forum in Delphi.
In his address at an Invest Cyprus event, which took place on the sidelines of the Economic Forum, the President of the Republic referred, among other things, to the strengths and comparative advantages of the Cypriot economy, stressing that despite the difficult international economic situation, the growth rates of the Cypriot economy continue to increase.
Among other things, the President of the Republic referred to the long-term strategic plan for the economy until 2035, which aims to promote entrepreneurship and innovation, to attract investments in sectors such as tourism, shipping and energy.
Regarding the tourism sector, the President said that it is growing rapidly and attracts millions of tourists annually.
On the energy sector, President Christodoulides said that it is growing, with the discovery of significant hydrocarbon reserves, which provides opportunities for investment in the infrastructure and services sectors.
"Our Government has recently taken office, but has already put in place an ambitious governance programme with bold reforms aimed at broadening the productive base of the economy, fully capitalising on research and technology by harnessing our highly skilled human resources," President Christodoulides said.
He added that one of the main priorities of his government is to promote a comprehensive tax reform aimed at reducing the administrative burden on consumers and businesses, while maintaining the attractiveness of the system.
Referring to green growth, the President said that the Republic of Cyprus fully adopts the relevant EU Agreement by promoting Renewable Energy Sources, adding that at the same time the Government is promoting a series of actions for a smooth digital transition, while enhancing the country's capacity to maintain a business-friendly environment.
Referring to Cyprus' foreign policy, the President of the Republic pointed out the country's strong ties with countries in the Eastern Mediterranean, the Middle East and the Gulf, as well as with the United States, with which Cyprus has a strategic relationship. He added that our relations have also been strengthened with Japan and India, which he said he intends to visit in the first half of 2024, with the participation of a group of businessmen.
Finally, the President of the Republic said that both he personally and the Government are committed to taking all necessary actions to protect the reputation of Cyprus as a reliable business and investment centre, including by strengthening the supervisory framework and legislative regulations.
Finally, the President of the Republic said that both he personally and the Government are committed to taking all necessary actions to protect the reputation of Cyprus as a reliable business and investment centre, including by strengthening the supervisory framework and legislative regulations.
Earlier today, in Delphi, the President of the Republic had a bilateral meeting with the President of Bulgaria Mr. Rumen Radev, as well as with the US Ambassadors to Greece and Cyprus, who are participating in the work of the Economic Forum.
(RM/NG)
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