President of the Republic of Cyprus Nikos Christodoulides expressed his conviction that despite the multiple regional and geopolitical developments, Cyprus can successfully cope with the international competitive, unstable and unpredictable environment and become, as targeted in the “Vision 2035”, one of the best places in the world to live, work and do business.
He also announced an institutionalised dialogue with Cypriot entrepreneurs with the first meeting scheduled for the end of May at the Presidential Palace in the presence of the Cabinet, and that Invest Cyprus will launch a major campaign for the rebranding of Cyprus.
In his address on Thursday evening at the 16th “IN BUSINESS AWARDS for 2023”, the President noted that at the same time, the expansion of the productive foundation of our economy, with the creation of a new growth model that will ensure a more resilient, sustainable and competitive economy, leveraging education, technology, digitalization and the green economy, are very high on the Go
vernment’s priorities.
He further underlined that a key prerequisite to achieve the ambitious targets is fiscal responsibility, a stable and strong financial environment and continuous bold reforms.
President Christodoulides explained that in this context and in order to achieve our goals, Cypriot businesses are at the centre of the Government’s efforts.
He further said that targeted meetings with foreign businessmen resulted in the adoption of improved incentives to attract further quality investments in Cyprus, adding that the Government is starting the institutionalized dialogue with Cypriot businessmen, with the aim of utilizing their long experience and know-how, to present them with the pillars, in which the state is to invest, so that they work together on the basis of specific objectives and goals.
The first meeting, he said, is scheduled for the end of May, at the Presidential Palace, in the presence of the cabinet.
He then pointed out that it is in the same context that the Government has launc
hed the effort for the country’s tax transformation, which aims to enhance the competitiveness of the economy.
In addition, the President expressed pride in the abundance of local businesses that demonstrate social responsibility, invest in the education and training of their staff, support charitable projects, promote environmental sustainability and the development of culture, thus contributing to the improvement of the daily lives of our citizens.
Concluding, the President assured that the State will continue to support Cypriot businesses, ensuring, among other things, that entrepreneurship will have all the tools to continue to grow and evolve and to face any challenges for the benefit of Cypriot society.
Source: Cyprus News Agency