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Maintaining a stable and secure environment in the Eastern Mediterranean remains of the utmost strategic importance, President of the Republic of Cyprus Nicos Christodoulides said today, as he participates in the proceedings of the 2nd European Political Community Summit, which is taking place in Chisinau, Moldova.
Speaking at a round table discussion on Energy and Connectivity, held in the framework of the Summit, the President of the Republic said, inter alia, that it is necessary to adopt a strategic approach in order to achieve the alignment of the energy market with the clean energy era, as well as investments in infrastructure in the energy sector.
He added that in order to accelerate the development of renewable energy sources in Europe, specific challenges must first be addressed, including the implementation of the necessary electrical interconnections for the uninterrupted flow of electricity, particularly from areas with extensive renewable energy sources, the simplification of procedures without bypassing environmental concerns, and others.
President Christodoulides pointed out that speeding up procedures is an incentive for investors, since bureaucracy is a major obstacle to the creation of large-scale cross-border projects.
He also stressed that cooperation is the key to success, noting that the Eastern Mediterranean can be a model.
"In this context, maintaining a stable and secure environment in the Eastern Mediterranean remains of utmost strategic importance for the EU and beyond," President Christodoulides said.
PM/NG/SX
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