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