Nicosia, Cyprus. The Cyprus International Business Association (CIBA) pledged support for government measures aimed at boosting Cyprus’ competitiveness during a meeting this week with President Nikos Christodoulides. CIBA said the talks included a broad exchange of views on the role, challenges and prospects of international businesses operating in Cyprus.
Support for competitiveness and promotion
According to a CIBA statement, the meeting was held in a constructive atmosphere. CIBA president Vasilis Demetriades told Christodoulides that the association, as the main representative body of international businesses based on the island, supported the government’s efforts to reinforce Cyprus’ position as a reliable and resilient business centre.
Demetriades said CIBA members, as direct users of services Cyprus offers to the international business community, could serve as ambassadors for the country abroad. He also stressed the need for closer coordination between the state and competent bodies, including Invest Cyprus, to further promote the country and attract new international companies.
Strategic issues and digital transformation
The talks focused on issues described as strategically important for the Cypriot economy, including the regulatory and institutional framework and efforts to strengthen foreign direct investment. They also covered the need to speed up the digital transformation of the public sector, as well as wider geopolitical developments affecting the international business environment.
Annual report proposal and ongoing communication
After the meeting, Demetriades said international businesses are an important part of the Cypriot economy and said CIBA stood alongside the government in efforts to strengthen Cyprus’ position as a competitive and dependable international business centre.
He said the association’s role was to act as a bridge between the international business community and the government, adding that CIBA would establish an annual report to the president outlining positions, problems and challenges facing the sector, along with specific proposals for further development.
Christodoulides praised what CIBA described as the association’s constructive and responsible approach and stressed the importance of maintaining a constant channel of communication.
What measures do you think should be prioritised to strengthen Cyprus’ competitiveness as an international business centre?