Insider Business Sharp rise in companies since Shipping Deputy Ministry was set up, says...

Sharp rise in companies since Shipping Deputy Ministry was set up, says Pilides

Cyprus has seen a significant increase in the number of companies that choose the island for their operations in the shipping sector since the establishment of the Deputy Ministry for Shipping, a year ago, Deputy Minister Natasa Pilides has said.

Pilides appeared optimistic over the future of shipping in Cyprus, during a reception for ship owners and representatives of shipping companies hosted by the Deputy Ministry for Shipping, in Limassol, on Thursday.

The Deputy Ministry, Pilides noted, has been working “with a targeted plan based on a strategy that has been formed by an international firm but also with the contribution of the private sector and the experience of the public sector”.

“We believe that we have moved on pretty well with the goals we have set, both regarding the promotion and upgrading of the image of Cyprus as a shipping centre and regarding the increase of companies that operate in Cyprus” she added.

She said that since the Deputy Ministry was set up there has been a sharp rise in the number of companies, from 168 last year to over 203 in 2019, which fall in Cyprus’ tax system, while there are many more that do not.

According to Pilides, 3% of Cyprus’ workforce or 9,000 persons are employed in the shipping industry.

The Deputy Minister assured the ship owners that the Deputy Ministry is making every effort to upgrade Cyprus as shipping destination.

(Cyprus News Agency)

Top Stories

N.Irish Catholic leader and Nobel Peace laureate John Hume dies

John Hume, a key architect of Northern Ireland's Good Friday peace agreement and winner of the Nobel Peace Prize, died on Monday at the...

Cyprus downgrades Greece to coronavirus category B country-UPDATED

As from Thursday, Greece will be included in category B of countries whose travellers need to provide negative coronavirus tests upon arrival to Cyprus. The...

95 octane petrol and diesel prices up in July

The price of 95 octane petrol and of diesel in Cyprus was on the rise in the month of July, the Cyprus Consumers Association said...

Greek Sakkari was ready to swap racket for track spikes

Greek tennis player Maria Sakkari says she was so desperate for competition during the COVID-19 shutdown that she considered running in the 100m at...

Cypriots used to associate summer holidays with sales

Even though the Mediterranean island has no specific sales period, many Cypriots used to associate summer holidays in other European countries with official sales,...

Taste

Octopus ‘Kathisto’ (or Octopus braised in Wine)

Ingredients: 1/2 cup Greek extra virgin olive oil 2 medium onions, chopped fine 1 large octopus, about 2kg (cleaned and kept whole) 3/4 cup dry red wine 1/3 cup...

Homemade lemonade

Ingredients: 1 cup lemon juice 1 cup sugar Method: Thoroughly wash the lemons with soap and warm water. Roll each lemon with the palm of your hand, pressing...

‘Striftaria’ mini cheese pies

Ingredients 1 ½ cup milk 2 tbsps. flour 4 tsps. of butter 3 eggs, slightly beaten + 1 extra with 1 tbs. of milk for spreading 1 pack of...

Mini potato canapes baked on salt

Ingredients Serves: 12 1kg small Cypriot potatoes rock salt, as needed 250g salted butter 300ml full fat cremé frâiche 1 pot cod or salmon roe Method Prep:20min › Cook:35min › Ready in:55min Take...