Local
articles | 07 February 2013

Cyprus to strengthen export perspectives

Cyprus continues to be an excellent export platform for foreign and local investors irrespective of current conditions and the country has every possibility to play a catalytic role in the region’s financial growth, says President of Cyprus Demetris Christofias.

Speaking at the Cyprus Export Awards, the President said exports of products and services have become even more important for the country’s open economy given the impact of the global financial crisis and the current economic recession.

Mr Christofias said the primary aim of every government is to strengthen and develop the export perspectives and possibilities and referred to the government support in the efforts of the business people, he said: “Our aim is to build an economy with solid foundations, capable of withstanding the impact of the economic crisis, which we face today as a result of the banks’ wrong doings and the consequences of the global and financial crisis.”

Preliminary statistic data for 2012 show a 2% increase on the total exports of goods recorded for the period January-November compared to the respective period in 2011. Moreover, the President said a 5% increase in exports of services was recorded in the first semester 2012 compared to the first semester of 2011.

Referring to the possibilities offered by Cyprus to foreign and local investors the President said: “Cyprus’ geographic position combined with our membership in the EU and the Eurozone, our excellent relations with the countries of the Middle East, the wide spectrum of bilateral agreements signed for the avoidance of double taxation as well as the quality of human resources and services offered, are only a few of the elements which established and promote Cyprus as an international investment centre.”

 

 

Speaking at the Cyprus Export Awards, the President said exports of products and services have become even more important for the country’s open economy given the impact of the global financial crisis and the current economic recession.

Mr Christofias said the primary aim of every government is to strengthen and develop the export perspectives and possibilities and referred to the government support in the efforts of the business people, he said: “Our aim is to build an economy with solid foundations, capable of withstanding the impact of the economic crisis, which we face today as a result of the banks’ wrong doings and the consequences of the global and financial crisis.”

Preliminary statistic data for 2012 show a 2% increase on the total exports of goods recorded for the period January-November compared to the respective period in 2011. Moreover, the President said a 5% increase in exports of services was recorded in the first semester 2012 compared to the first semester of 2011.

Referring to the possibilities offered by Cyprus to foreign and local investors the President said: “Cyprus’ geographic position combined with our membership in the EU and the Eurozone, our excellent relations with the countries of the Middle East, the wide spectrum of bilateral agreements signed for the avoidance of double taxation as well as the quality of human resources and services offered, are only a few of the elements which established and promote Cyprus as an international investment centre.”

 

 

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