The Cyprus Chamber of Commerce (CCC) and the Bank Association concluded a preliminary agreement for collaboration towards implementing joint actions for awareness for businesses, and the public on matters of mutual interest.
The agreement was made during a meeting between the new Chamber President, Stavros Stavrou, and the President of the board of directors of the Bank Association, Panikos Nicolaou, in the presence of members of the Executive Committees of both organizations.
According to a CCC announcement, the meeting, held at the CCC headquarters in Nicosia, at the initiative of the organization’s President to discuss, review, and analyze current economic issues and development prospects, the two organizations also agreed that their communication should be institutionalized and systematized.
As stated, “common ground and alignment of views on a range of issues relating to the role of the banking sector in the Cypriot economy, the need to enhance the country’s competitiveness, and improve its international reputation were identified.”
According to CCC’s announcement, during the discussion, there was an in-depth analysis of the economic conditions, considering successive crises and geopolitical developments in the international environment and how they affect Cyprus’ economy.
Nevertheless, it was a common observation, states CCC, “That the resilience of the Cypriot economy is proven significant, and based on this fact, the prospects of the Cypriot economy should be expanded collectively, with priorities on the developmental agenda being green and digital transition, enhancing productivity, and optimizing the cost of businesses with a focus on stability in the economy, the banking sector, and prosperity in society.”
It also states that “the two organizations committed to develop and propose joint actions for immediate implementation and simultaneously to set programming for regular and substantive communication.”