Nicosia, Cyprus. Finance Minister Makis Keravnos held talks with Ontario Minister of Economic Development Victor Anthony Fedeli on strengthening economic cooperation between Cyprus and Canada, with discussions focusing on bilateral relations, trade and investment ties.
According to the finance ministry, the two officials also exchanged views on matters of mutual interest concerning the economy and international developments.
Focus on bilateral economic ties
The meeting examined ways to further strengthen the economic and commercial relations between the two countries. The two ministers referred to the already high level of relations between Cyprus and Canada and stressed the need for their continued enhancement for the mutual benefit of both sides.
Investment interest in Cyprus
According to the finance ministry, Fedeli praised the performance of the Cypriot economy and underlined the importance of further developing trade and economic ties, particularly through investments in the Republic of Cyprus.
The ministry said the Ontario minister highlighted the importance of expanding bilateral economic links and encouraging greater investment activity in Cyprus.
Cyprus position on cooperation
Keravnos thanked Fedeli for the interest being shown in investments in Cyprus and emphasised the country’s comparative advantages as an investment destination. He also stressed the role of Cyprus as a strategic bridge for investments into the European Union.
According to the ministry, the discussions reflected the shared intention of both sides to continue reinforcing their cooperation and to further develop economic and trade relations between Cyprus and Canada.
