He believes in the prospects of Cypriot industry, said President of the Republic Nicos Christodoulides on Thursday, who made his visited the Paphos B industrial zone (Agia Varvara).
Addressing the management and staff of the Carpentry Factory, the President noted that the Government’s primary goal is to revitalize and further strengthen the industry, as well as increasing exports, in order to reduce the country’s dependence on imports and improve the trade balance.
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According to an official statement, the President emphasized that the tax reform aims to support Cypriot businesses and encourage reinvestment in the domestic economy. At the same time, the President of the Republic underscored the importance of new investments and the use of modern technology in the industry, noting that wood remains an irreplaceable raw material.
He also highlighted the need to attract young people to the sector by strengthening technical and vocational education, noting that the establishment of technical high schools is aimed at achieving this goal.
The President of the Republic said that the Government seeks to further support Cypriot businesses through specific measures, such as grant programs and the development of small-scale industrial and industrial zones, emphasizing the importance of cooperation with market stakeholders to strengthen the competitiveness and prospects of Cypriot industry.
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