EBRD organises conference for SMEs in the hospitality industry

The role of the small and medium-sized enterprises in reshaping the hospitality industry in Cyprus was the subject of a conference organised on Thursday in Larnaca, by the European Bank of Reconstruction and Development (EBRD).

Alexander Paine Associate Director EBRD London said that the hospitality industry is constantly under pressure and is going through massive changes, whether is digitalization, whether is the change in habits of what people want to see and do in a country, whether is a new customer base, even new nations which we did not know some years ago and of course the geopolitics which constantly changes everything.

The Government has signed an agreement with the EBRD on a programme aimed at supporting small and medium � sized enterprises in Cyprus, said Constantinos Karagiorgis from the Ministry of Commerce, Industry and Tourism.

The programme, he added, has a total budget of 2,15 mn euro and is of three years’ duration. It is expected to contribute to the improvement of the competitiveness of the enterprises and the strengthening of their ability to export through individualised consultancy services, as well as through educational programmes and seminars said Karagiorgis.

Source: Cyprus News Agency