Local

    Articles |
    12 December 2017

    Interest in agricultural production growing in Cyprus

    Interest in agricultural production growing in Cyprus

    Minister of Agriculture, Rural Development and Environment, Nicos Kouyialis has said that people in Cyprus are turning to agricultural production, while the sector’s contribution to the country`s GDP is growing.

    “There is a shift, we feel this, we realize this, there is great interest in agricultural production,” Kouyialis said while taking stock of the work of his Ministry. He said moreover that results during the last few years portray a “very promising future”. 

    According to the Minister, the value of agricultural production in 2014 reached its lowest point with €320,9 mln, contributing just 1.8% to Cyprus’ GDP. He added that the latest statistical data show a rise in the value of agricultural production by more than 12% in just two years, reaching €360 mln.

    Kouyialis said the sector proved its resilience throughout the crisis, while its contribution stands today at 2% of GDP.

    He said moreover that despite the negative economic climate, his Ministry managed to deliver a complex work, contributing to the country’s development.

    Source: Famagusta Gazette

    Cooperation Partners
    • Logo for Ministry of Energy, Commerce, Industry and Tourism
    • Logo for Cyprus Chamber of Commerce and Industry
    • Logo for Invest Cyprus
    • Logo for Cyprus In Your Heart
    • Logo for CFA Cyprus
    • Logo for Cyprus International Businesses Association
    • Logo for Cyprus Shipping Chamber
    • Logo for Cyprus Investment Funds Association
    • Logo for Association of Cyprus Banks