Cypriot Minister of Energy, Commerce, Industry & Tourism Discusses Business Modernization
Cypriot Minister of Energy, Commerce, Industry and Tourism Yiorgos Lakkotrypis addressed the Paphos Chamber of Commerce and Industry's yearly meeting, where he stated that businesses on the island must modernize, according to reports.
In his comments, the Minister referenced money deficiencies, little demand and bureaucratic backups. Lakkotrypis discussed businesses' competitiveness and survival, while promising that the government was involved in alleviating the current business environment.
The Minister also discussed the nation's geostrategic placement in the Eastern Mediterranean, as a result of hydrocarbon sources found on Cyprus. He stated: "We are working intensely to further improve our good relations with neighbouring countries, and at this moment in time our main priority is to begin exploratory drilling by ENI/KOGAS sooner than scheduled".
Lakkotrypis added: "At the same time, however, we are prepared for all eventualities and all alternatives, and we are promoting, as we should, various medium-term prospects for investments across the hydrocarbon industry".
(Source: www.parikiaki.com)
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