Cyprus: President Anastasiades hopes for a dynamic restart of the economy

Cyprus: President Anastasiades hopes for a dynamic restart of the economy

“Today we can speak with greater optimism and confidence about a dynamic restart of the economy and we can speak of a stable prospect of rapid recovery,” said Cypriot President Nicos Anastasiades after his meeting with the social partners.

Continuing, the President noted that “the time has come for us to design and implement together a new, ambitious, but also realistic plan,” emphasizing that today’s meeting was of particular importance for the next day of Cyprus and the future of each citizen.

Concluding, Nicos Anastasiades stated that the sustainable development plan is his big personal bet and the main goal of the Government. It is a bet that we will all make together as we did in the critical hours of 2013.”

The entire statement of the President of the Republic of Cyprus:

“First of all, I would like to warmly thank the professional and social partners for accepting the invitation to a global debate on restarting the economy as a result of the effects of the pandemic, but I would also like to thank the constructive important views, suggestions that have been submitted and which are and will be evaluated by the relevant Ministries, in order to engage in a dialogue that will lead us no later than mid-May with structured and concrete proposals, in order to be allowed to reboot the economy as a result of the effects of the pandemic.

Today’s meeting coincides with the end of a year of fighting to deal with the health and economic impact of the pandemic.

In this battle – as in any battle – we count losses. We counted the biggest ones in the lives of our fellow human beings. Unfortunately, these losses cannot be filled up. Hope, but above all the effort of all of us, remains the light in this tunnel. And I look forward with optimism that we are close enough.

Today we are talking about the economy. The losses in this area are certainly visible. But not permanent and irreversible. We faced difficulties. We managed to keep the recession lower than the European average. With a plan, but also with great sacrifices, we endured the difficulties.

During the meeting that just ended, what I conveyed to our partners is that the Government’s goal is on the one hand to support all sectors of the economy that have been affected, as the Government has done in practice so far with an amount of 1.6 billion, in order to support work and employees.

On the other hand, to invest in alternative forms of economy, with emphasis on the relocation of companies in Cyprus, research and innovation, education, renewable energy, health and tourism, through tax incentives and more.

At the same time, one of the prerequisites is the vote by the House of Representatives on the reforms proposed by the European Commission and need to be adopted, in order to raise the funds of almost 1 billion euros of our Reconstruction and Sustainability Plan.

Reforms, such as green taxation, opening up the energy market, facilitating strategic investments and simplifying business procedures, that is, reducing bureaucracy, increasing the efficiency and effectiveness of the Civil Service and digital transformation, not to mention the need for justice-related reforms and a host of other areas.

In addition, knowing the importance of implementing development projects, I had the opportunity to inform that from 2015 onwards, the Government approved the implementation of 885 utility projects both in municipalities and communities, amounting to € 3.8. billion Of these, 552 projects amounting to € 876 million have been completed, 161 projects amounting to € 1.5 billion are under construction and the implementation of 149 projects worth € 1.3 billion has been launched.

Today we can speak with greater optimism and confidence about a dynamic restart of the economy. Let’s talk about a stable prospect of a speedy recovery.

The time has come for us to design and implement a new, ambitious, but also realistic plan together. The plan of sustainable economic development of our country. For all the above, I consider today’s meeting to be of particular importance for the future of Cyprus, the future of every citizen.

A lot has to be done. And I promise you more will be done. The sustainable development plan is my big personal bet. The main goal of my Government. A bet that we will all make together as we did in the critical days of 2013. This is our debt and for this we will definitely be judged “. /ibna