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Cyprus PIO: News Update in English, 01-12-20
From: The Republic of Cyprus Press and Information Office Server at <http://www.pio.gov.cy/>
Thursday, 20 December 2001
CONTENTS
- [01] President Clerides : Cyprus economy is characterised by robustness
[01] President Clerides : Cyprus economy is characterised by robustness
The President of the Republic, Mr Glafcos Clerides, stated that the Cyprus
economy is characterised by dynamism, flexibility and robustness, which are
reflected both in the high standard of the per capita income and the very
satisfactory living conditions.
Speaking yesterday at the Annual General Assembly of the Cyprus Chamber of
Commerce and Industry, President Clerides said that Cyprus/ accession
process to the European union would be soon concluded and gave the
aasurance that Cyprus was ready to win the battle of the growth of the
economy within the framework of the united Europe.
He also pointed out that the rate of growth in 2001 is expected to exceed
3.5% compared with 1% of that of the EU, adding that, despite the negative
environment created worldwide in the wake of the terrorist attacks against
the USA, the repercussions on Cyprus industry, commerce and services are of
a limited extent.
However, the President admitted, some problems are created in the field of
tourism, with a significant reduction in bookings for the winter and summer
periods, and he pointed out that the Government has already taken
measures.
From the Republic of Cyprus Press and Information Office (PIO) Server at http://www.pio.gov.cy/
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