Geneva, Switzerland. Cyprus’ status as a stable destination for investment and tourism was highlighted by the Employers and Industrialists Federation (Oev) during the annual International Labour Organisation conference in Geneva. Oev Director General Michalis Antoniou addressed delegates on behalf of Cypriot employers.
Cyprus highlighted as stable destination
Speaking before the conference plenary session, whose proceedings conclude on June 12, Antoniou said Cyprus has remained a safe and stable destination despite successive crises.
He said the country benefits from strong institutions, the rule of law and its equal standing within the European Union, factors that continue to support its attractiveness for both investment and tourism.
Conference focus on artificial intelligence
According to a statement issued by the federation, this year’s conference agenda includes a number of issues of major importance for the modern world of work.
Particular emphasis has been placed on the challenges and opportunities created by artificial intelligence, as governments, businesses and labour markets adapt to rapid technological change.
Call for faster social dialogue
In his address, Antoniou said artificial intelligence is a technological development whose capabilities are advancing at a very fast pace, while institutions require considerably more time to understand developments, conduct consultations and reach consensus on how such technologies should be incorporated into working life.
He said this reality does not reduce the importance of social dialogue, but instead makes it necessary for the process to become faster, better informed and more adaptable in order to keep pace with developments and deliver balanced decisions.
“Social dialogue must become faster, more evidence-based and more adaptable so that it can respond to developments and lead to balanced decisions,” Antoniou said.
Delegation and conference context
The Oev delegation attending the conference also includes senior officer Polyvios Polyviou and officer Elena Polyviou from the federation’s Labour Relations and Social Policy Department.
The annual International Labour Organisation conference is taking place in Geneva and is examining a range of issues affecting the global labour market, with growing attention focused on the impact of artificial intelligence on economies, businesses and employment.
