Cyprus President, Nicos Anastasiades, welcomed the resilience of shipping, underlining its contribution to the Cypriot economy.
As he said, the upward trend of shipping companies relocating to Cyprus is a “vote of confidence in government policies that aim to enhance the services provided to shipowners, shipping magnates and ship management companies.”
Mr. Anastasiades also emphasized that, within the framework of European Union guidelines, the government is always vigilant in assessing and implementing tax and other incentives.
We are fully aware that in order to maintain and further strengthen the competitiveness of the Cypriot shipping sector, it is necessary to create strong cooperation links between the regulatory authorities and the shipping industry
The Cypriot President further outlined the government’s vision for maritime, with flexibility, competitiveness and modernisation being key objectives.
More specifically, the plan includes 35 actions, and the adaption of the organisational structure and the practices of the Deputy Ministry of Shipping to the challenges and emerging opportunities to ensure a sustainable future for Cypriot shipping. In fact, part of this plan includes legislation for limited liability shipping companies.
What is more, Cyprus will also strengthen the staffing of the network of shipping offices of the Republic of Cyprus abroad, create a user-friendly electronic maritime library and an electronic helpdesk, as well as provide financial tools to encourage research and innovation.
We are all witnesses to president Anastasiades and his government’s prioritisation of shipping industry issues and we have acknowledged the president’s exceptional ability to promote the interests of both the Cypriot economy and Cypriot shipping
the President of the Cyprus Union Of Shipowners, Andreas Hadjiyiannis, added.
