The Cypriot government aims to turn Cyprus into a regional business and investment hub. The Commerce, Industry and Tourism Minister Antonis Michaelides commented “In the past three years, Cyprus has achieved high rate of growth in satisfactory conditions of employment and low unemployment”.
The government, Michaelides went on to add, is making every effort to promote business through the technological upgrading, the modernization and the expansion of existing industries and encouragement for export trade as well as improved plans and programmes for government grants.
On the energy front, he said the country has to secure its energy needs and bringing into the country natural gas for electricity purposes.
Speaking about tourism, Michaelides said the goal is to modernize and enrich the local tourist product, in line with the strategic development plan for 2003-2010.
Source: Financial Mirror
