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27-06-2019 09:58

Address by the President of the Republic, Mr Nicos Anastasiades, at the foreign investors roundtable meeting with the Government of Cyprus

It is a great pleasure to welcome you at the Presidential Palace and from the outset I would like to express my appreciation to the organizers of today’s event.

An event which offers the opportunity to convey the Government’s sincere gratitude to all of you for your vote of confidence, positive contribution and strong support in our economy, either through direct investments or by establishing regional and international headquarters on the island.

However, what is most important is the fact that this event constitutes a significant pillar of our whole framework of actions on maintaining and broadening the conditions under which high growth rates can be generated.

And this is based on our firm belief that in order for the Government to achieve the aforesaid, it is paramount, amongst others, to:

  • Ensure that every investor trusts the economic environment in which he operates, through maintaining a stable, transparent, credible and competitive tax and legal regime.
  • Adopt measures, including structural reforms, which facilitate economic and investment opportunities.
  • Receive suggestions on issues which relate to the above-mentioned, as well as on further advancing the competitiveness of our country.

The aforesaid forms part of our principle that it is only through a constructive dialogue, an exchange of views and ideas with all social partners, and in particular with highly – successful foreign investors and private companies, that we will be able to adopt new policies or measures which will reinforce the outlook and prospect of our economic environment.

This is all the more applicable in your case, since you do not only have a first-hand experience of Cyprus’ economic and business environment, but it is also through your initiatives and your multi-million investments that you have proved to be one of the most important components of the economic recovery, the growth and the job creation we are witnessing.

In this regard, in the presence of the competent Ministers, we look forward to hearing and evaluating your assessments as to ways which would improve the general business and entrepreneurial environment, the competiveness and the ease of doing business in Cyprus, particularly in the very important sectors which you represent, such as finance, communication technology, energy, real estate and leisure, shipping, trading and infrastructure.

Before concluding, I wish to stress that our consultative dialogue will be institutionalized, including adding foreign investors who are active in other sectors of our economy, since I truly believe that the inventiveness of the private sector and its significant contribution to the economic recovery of Cyprus, as well as establishing synergies between the private and public sector, can reinforce the position of Cyprus as a stable and competitive destination for doing business.

Τhanking you once again for your presence, I look forward to a productive exchange of views and the identification of new policies, measures and investment initiatives that would enhance competitiveness, development and sustainable growth in Cyprus.

Actually we are here to listen and to be heard. We are investing in your wisdom, in your initiatives and I once again want to congratulate the organizers because they brought us together and so we shall have the chance to listen to you, the creators, what it is that we can do more for those who are the main actors in achieving the progress that has been created so far.