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Cyprus PIO: News Update in English, 01-12-20

Cyprus Press and Information Office: News Updates in English Directory - Previous Article - Next Article

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/


Cyprus Press and Information Office: News Updates in English Directory - Previous Article - Next Article
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