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    31 July 2013 | Cyprus Shipping Chamber

    INSIGHT: Cyprus Shipping Chamber on expectations for the Cyprus economy

    INSIGHT: Cyprus Shipping Chamber on expectations for the Cyprus economy

    Q: What is your expectation for the Cyprus economy in the next five years? In which sectors do you see the greatest opportunity for growth?

    “With the introduction of a series of carefully planned measures to overhaul public spending and reinforce the main economic sectors, the outlook for the next five years is well-positioned for Cyprus to return to prosperity. The recent discovery of natural gas in Cyprus’ Exclusive Economic Zone (EEZ) creates great prospects for Cyprus shipping and the Cyprus off-shore sectors, a combination of which will definitely play an important role in transforming Cyprus into an important energy centre in the Mediterranean.  Strategic partnerships can create new and vibrant shipping and energy projects with huge financial benefits for the Cyprus economy.”

    Thomas Kazakos
    Director General
    Cyprus Shipping Chamber (CSC)

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