Piki and Nicosia chamber discuss investment barriers and business reforms

Nicosia, Cyprus. Measures to draw investment, ease administrative burdens and strengthen Nicosia’s business environment were discussed at a meeting between Deputy Minister to the President Irene Piki and representatives of the capital’s Chamber of Commerce and Industry (Evel). Businesses are continuing to seek reforms.

Cooperation on investment and competitiveness

Nicosia Evel president Michalis Mousiouttas and board members attended the meeting with Piki. The talks covered difficulties confronting local companies and prospects for additional economic development.

Writing on X on Sunday, Piki said stronger collaboration between businesses and the government was important for tackling investment barriers and strengthening competitiveness.

She said substantive exchanges and joint work involving the private and public sectors were necessary to make the business environment more competitive. Piki described the Cyprus Chamber of Commerce and Industry (Keve), together with its district chambers, as valuable partners for the government.

Concerns raised by the chamber

The Nicosia chamber has continued to highlight administrative burdens, shortages of workers, infrastructure problems and increasing operating expenses, while seeking more support for companies based in the capital.

During the chamber’s November 2025 general assembly, Mousiouttas sought greater stability and predictability for business operations. He warned that complex procedures and administrative delays were impeding commercial activity.

He also highlighted congestion on the roads, the cost of energy and shortages of water as significant concerns. He backed development proposals for the Sopaz area and the former grounds of the state fair.

Further talks with ministers

The chamber has subsequently maintained discussions with government officials about issues concerning local enterprises.

Its July meeting with Labour Minister Marinos Mousiouttas covered worker shortages, changes to pensions and implementation of the EU Pay Transparency Directive.

In September, talks with Transport Minister Evi Tsolaki addressed infrastructure and development matters affecting the capital.