News Local Cypriot shipping a high priority for the government, says President

Cypriot shipping a high priority for the government, says President

President of the Republic of Cyprus Nicos Anastasiades expressed his government’s strong commitment to reinforcing the Cypriot maritime cluster and supporting the shipowners with vessels under the Cyprus flag. During his speech at the Dinner of the Cyprus Union of Shipowners, held in Athens, on Tuesday 30th October, President Anastasiades underlined the leading role that Cypriot shipping has played in the economic recovery of Cyprus, boosting decisively the economic growth in the country.

The innovative planning and further development of this neuralgic sector, represent high priorities for the Cypriot government, said President Anastasiades. He also referred to the importance of the newly established Deputy Ministry of Shipping of the Republic of Cyprus as an institution capable to enhance the shipping administration of Cyprus and to ensure a well-structured strategic planning in the Cypriot maritime cluster.

Furthermore, President Anastasiades highlighted the importance of a competitive tax regime for shipping, which was enhanced in Cyprus despite the economic crisis, through tax advantages and other provisions, which facilitate the shipping activities. “These provisions have contributed to the ranking of Cyprus as the 11th largest merchant fleet worldwide and the 3rd largest in the EU. At the same time, Cyprus has one of the biggest centers for ship management”, he said.

Anastasiades also stressed the new challenges and opportunities emerging from the discovery of important hydrocarbon deposits in Cyprus’ EEZ and in in the broader region. This development represents for the Cypriot maritime industry a chance to develop new initiatives through collaborations, which will have the Cypriot government’s full support, concluded President Anastasiades.

(Cyprus News Agency)

Top Stories

Fine with temperatures at 29 C inland, possible showers tonight

    It will be another fine day, a little cooler than yesterday, though locally there will be increased cloud at intervals, while winds will pick...

New measures on economy – full text of president’s speech

  President Nicos Anastasiades on Wednesday day announced a new package of 10 measures to support employees and the economy. This is the full text of...

U.S. coronavirus deaths top 100,000 as country reopens

  The novel coronavirus has killed more than 100,000 people in the United States, according to a Reuters tally on Wednesday, even as the slowdown...

Weather postpones SpaceX’s first astronaut launch from Florida

Stormy weather thwarted a landmark moment for private rocket company SpaceX and NASA on Wednesday, forcing launch directors in Florida to postpone what would...

Anastasiades unveils new package to boost economy

  President Nicos Anastasiades on Wednesday announced a new package of 10 measures to help the economy through the coronavirus crisis that includes liquidity, guarantees...

Taste

Traditional salads that will blow your mind away

This traditional salads will make you actually love salads! Cyprus may be famous for souvla and kleftiko but if you try the traditional salads with...

Honey Balls

As you stroll down Onasagorou street in the old city of Nicosia and suddenly feel the need for something sweet, follow the smell of...

Octopus with Oregano

Ingredients: (Serves 4) 1 kg octopus ½ tsp dry oregano Pepper 3 tbsp olive oil 2 tbsp vinegar or lemon juice Preparation: Clean the octopus thoroughly under cold running water. Place the octopus...

Fish meatballs

In a bowl, mix the finely chopped onion and parsley. Boil the fish, cut into small pieces and add to the bowl. Add salt...