CyprusProfile.com asked Phidias Pilides, President of Cyprus Chamber of Commerce and Industry (CCCI), to describe the economic potential of Cyprus and tell us his expectations for 2017.
"The economy is on the right track and the growth prospects are good, especially in tourism, shipping and professional services. The energy scene will become clearer within 2017, as the potential discovery of significant reserves of hydrocarbons shall crystallise. In parallel we must continue to implement the necessary structural reforms. Of course, should there be a solution to the political issue, a multiplying factor will be added to the economic prospects of Cyprus."