Government will continue to support efforts for Cyprus to become an attractive tourist destination, Pilides says

Minister of Energy, Commerce and Industry Natasa Pilides said Thursday that the government will continue to support Famagusta Chamber of Commerce and Industry in its efforts for Cyprus to become an attractive and competitive destination for tourism, investment and the development of innovative business activities.

Addressing the annual assembly of the Chamber the Minister spoke of the government’s vision to redefine Cyprus’ economic model and to turn the economy into a green, circular, digital and competitive one.

Pilides said that supporting entrepreneurship is a high priority and the efforts continue for the businesses to become strong and resilient.

She also spoke of the increased budget of the Ministry of 40.5% compared to 2022, which includes projects for institutional reforms and modernization of infrastructure.

She added that in total the Ministry of Energy has secured from the EU more than €580 million for the period 2021-2027, which are granted as incentives to households to invest in green energy and to businesses to modernize.

Projects for the period 2021-2022 exceed 330 mln euro, she said, adding that for 2023 the plans amount to 210 million and will aim to support businesses. Pilides also referred to the promotion of halloumi and the exports of Cyprus products.

She described tourism industry as the driving force of development for the Famagusta region adding that the national tourism strategy implements various actions.

Source: Cyprus News Agency

Government will continue to support efforts for Cyprus to become an attractive tourist destination, Pilides says

Minister of Energy, Commerce and Industry Natasa Pilides said Thursday that the government will continue to support Famagusta Chamber of Commerce and Industry in its efforts for Cyprus to become an attractive and competitive destination for tourism, investment and the development of innovative business activities.

Addressing the annual assembly of the Chamber the Minister spoke of the government’s vision to redefine Cyprus’ economic model and to turn the economy into a green, circular, digital and competitive one.

Pilides said that supporting entrepreneurship is a high priority and the efforts continue for the businesses to become strong and resilient.

She also spoke of the increased budget of the Ministry of 40.5% compared to 2022, which includes projects for institutional reforms and modernization of infrastructure.

She added that in total the Ministry of Energy has secured from the EU more than €580 million for the period 2021-2027, which are granted as incentives to households to invest in green energy and to businesses to modernize.

Projects for the period 2021-2022 exceed 330 mln euro, she said, adding that for 2023 the plans amount to 210 million and will aim to support businesses. Pilides also referred to the promotion of halloumi and the exports of Cyprus products.

She described tourism industry as the driving force of development for the Famagusta region adding that the national tourism strategy implements various actions.

Source: Cyprus News Agency