Media Coverage

In this section you will find articles relating to CIPA in various media outlets.

Forbes Global magazine, Interview of the Minister of Commerce, Industry and Tourism, July 2005 edition - Jul 01, 2005

Cyprus' membership within the EU, says George Lillikas, the Minister for Commerce, Industry and Tourism, has sharpened competition "with positive effects on productivity, quality and consumer prices." Price deregulation in sectors such as utilities, cement and airline travel is already complete. Earlier this year, exchange controls were dismantled, while Cypriot industry has been encouraged to go more high-tech. "Cyprus has a long standing record of successful economic performance, reflected in macroeconomic stability," says Minister Lillikas. Economic growth in 2004 staged a modest recovery, hitting 3.7%, while inflation was almost halved in the span of a year, to 2.3%. Growth this year is projected at 4.1 %, with inflation expected to remain virtually stationary. In addition, the Cypriot government has launched a C£8 million scheme to encourage competitiveness in the industrial sector through the use of new technologies. The incentives contained in ...

World Finance, Interview with the Minister of Commerce, Industry, and Tourism, edition Dec - Jan 2006 - Apr 29, 2005

Inward Investment Report What effects on commercial and industrial development do you expect with Cyprus’ recent EU membership? Upon membership to the EU, Cyprus’s economy became part of a large single market and is expected to join the European Economic and Monetary Union in two years. Consequently, new opportunities arise and growth potentials are broadened in all sectors of the economy, especially in commerce and industry. Cypriot small and medium sized enterprises are provided both with the challenge but also with the opportunity of penetrating the European market of 450 million consumers. In addition, the subsequent utilization of the various trade agreements between EU and a number of third countries broadens exporting opportunities for industrial and commercial goods and services. Furthermore, the adoption of the EU regulations, the expansion of Cyprus’ small market, and the free movement of goods and services, will facilitate and promote increased competition with ...