President of Cyprus Nicos Anastasiades praised the shipping sector’s resilience, despite the adverse conditions caused by the pandemic, while addressing on Thursday evening a dinner hosted by the Cyprus Union of Shipowners (CUS), in Athens.
President Anastasiades underlined the contribution of the shipping sector to the Cypriot economy, in the order of 7% of the country’s GDP, while noting that the commercial fleet surpassed recently a gross tonnage of 25 mln.
He also referred to an increasing trend in setting up shipping companies in Cyprus, which, he said, is a “vote of confidence” for government policies to upgrade the services offered to shipowners and ship managers choosing Cyprus as the base of their entrepreneurial activities.
Source: Cyprus News Agency