The Cyprus Chamber of Shipping on Monday welcomed with satisfaction the publication of the “Review of Cyprus Economic Policy” by the Center for Economic Research of the University of Cyprus, by professors Elias Yiannakis and Theofanis P. Mamouneas, which analyzes the sectoral interconnections and interdependencies in the Cyprus economy.
A press release by the Chamber says that the study shows that shipping industry is among the few industries that create the highest straight connections in the economy in terms of product produced, but also creates the most multiplier effects in terms of creating new jobs.
It also adds that there is a significant upward trend as regards what the shipping industry offers to the economy.
The Chamber says that the study provides an essential tool for the government, in order to identify the priority sectors and define new development and industrial policies supporting productive activities and sectors of the economy that have the maximum contribution.
Source: Cyprus News Agency