Cyprus has paved the best way for its post-Covid development mannequin, President Nicos Anastasiades advised the Annual Christmas Gala Dinner of the Cyprus Chamber of Commerce and Business and the Cyprus-Russian Enterprise Affiliation in Limassol, on Friday night.
“Cyprus tomorrow” is how the mannequin is known as and gives for the absorption of 4.4 billion euro for the interval 2021 – 2026, he additionally stated.
And it’s anticipated to generate a further 7% in Cyprus GDP whereas it’s estimated to create over 11,000 jobs, he added.
“The COVID-19 pandemic has drastically altered our lifestyle with a devastating blow to our economies and societies and this new actuality gives us the chance to concentrate on reinvigorating our financial system,” Anastasiades stated.
“In addition to to additional diversify and strengthen our development mannequin so to have the ability to instantly adapt to any unexpected crises and to efficiently sort out the challenges of the brand new period,” he added.
The President additionally highlighted the vital position of the energetic and ever-expanding Russian neighborhood in Cyprus, significantly in coastal Limassol.
“It’s certainly no exaggeration to say that the robust interpersonal hyperlinks between Cypriots and Russians represent a elementary pillar of our bilateral relations and have been on the epicentre of efforts to advance our mutually useful partnership”, he additionally stated.
He then referred to tasks in “Cyprus tomorrow” plan which embody actions concerning the strengthening, the resilience and competitiveness of the financial system, investments and reforms to widen the productive base of the first and secondary sectors of the financial system.
Plus, boosting analysis and innovation and bettering the enterprise surroundings by way of expediting licensing procedures and offering incentives for related investments.