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Cyprus News Agency: News in English, 07-10-15

Cyprus News Agency: News in English Directory - Previous Article - Next Article

From: The Cyprus News Agency at <http://www.cyna.org.cy>


CONTENTS

  • [01] CYPRUS CHAMBER - ANNUAL GENERAL MEETING

  • [01] CYPRUS CHAMBER - ANNUAL GENERAL MEETING

    The Cyprus Chamber of Commerce and Industry (CCCI), comprising over 8,000 enterprises members from the whole spectrum of the Cypriot business activity, had held its Annual General Meeting to mark 80 years of operation. In his speech, Chairman of the CCCI, Manthos Mavromatis, presented a series of proposals aiming at reviving the Cypriot economy.

    He underscored the need to restrict public expenditure, simplify bureaucratic procedures, try and obtain more EU funding for competitive EU programmes and called on the trade unionists to change their mentality in order to synchronise themselves with mainstream economy. Referring to the introduction of the euro in Cyprus this coming January, Mavromatis said that business people are convinced that we can dispel any fears regarding unjustified price rises and expressed satisfaction with the large number of companies that have adopted the Fair Pricing Code.

    In his speech, Mavromatis referred to take-overs of Cypriot enterprises by foreign enterprises, saying this will continue and intensify in the future while at the same time he expressed regret that such take-overs undervalue local companies. He also said that the protection of the names of traditional Cypriot products, such as halloumi cheese, would pave the way for the promotion of these products, thus reviving the local industry.


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