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Next Previous At 7% the contribution of Cypriot shipping to GDP HOME • INSIDER • CYPRUS • At 7% the contribution of Cypriot shipping to GDP
& nbsp & nbspΙωάννα Μάνζζιηπα & nbsp; & nbsp;
With the participation of hundreds of representatives of shipping companies based in Cyprus, the work of the 33rd Annual General Assembly of the Cyprus Maritime Chamber was completed yesterday with great success. In a packed room in a hotel in Limassol, the shipping industry was present, state and government officials, party representatives, MPs and representatives of professional organizations.
Cypriot shipping is a leader and must remain competitive , pointed out the Speaker of Parliament and the Deputy Minister of Shipping, emphasizing that the State and Parliament continue to support it without hindrance.
There are currently 283 registered shipping companies in Cyprus with the contribution of Cypriot shipping amounting to 7% of GDP.
READ ALSO: & nbsp; PTD: Priority is the national shipping strategy
In her statements, the Speaker of Parliament, Annita Dimitriou, congratulated the Chamber for the work it has been doing all these years, emphasizing that Cyprus will continue to invest and the Parliament will be next to the Maritime Chamber and the Ministry of Shipping, to strengthen all efforts. He noted that shipping is a solid foundation on which the Cypriot economy has historically been built, noting that ongoing international developments have increased the need to ensure a strong and stable shipping environment in the Eastern Mediterranean region.
The Deputy Minister of Shipping praised the long-standing vote of confidence provided by the shipping companies in Cyprus in his speech on behalf of the PTA, emphasizing the significant contribution and the strong support of the shipping companies to the economy. He also stressed that the government in an effort to further increase the efficiency and attractiveness of the Cypriot register, will soon submit a bill to Parliament to adopt a regulatory and administrative framework for the establishment of a limited liability shipping company.
Mr. Dimitriadis underlined in his statements that, “Cypriot shipping is a success story and we all work together to strengthen both the Cypriot flag and the presence of foreign shipping companies in Cyprus.” He also argued that Cyprus would play a leading role in both the EU and the International Maritime Organization, participating in constructive proposals to highlight the need for shipping to remain competitive and sustainable.
The General Director of the Cyprus Maritime Chamber, Thomas Kazakos, stated that “the very positive course of the shipping industry will continue with the further development of the one-stop service that is expected to be followed at the Ministry of Shipping”. & Nbsp;
also that the existence of the Ministry of Shipping, gives the best message to investors that shipping is not a matter of policy, but a matter of national economy.
Asked to comment on the increases recorded, he noted that the increase in oil prices inevitably had a detrimental effect on shipping. & nbsp;
