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Keravnos outlines Cyprus' advantages as foreign business centre
2004-11-18 12:41:04

Nicosia, Nov 18 (CNA) - Cyprus' Minister of Finance Makis Keravnos outlined today the advantages Cyprus is offering as an international business centre.

Keravnos was addressing a working lunch in London, organised by the Cypriot Ministry of Commerce, Industry and Tourism in collaboration with London's Chamber of Commerce, the Cyprus Chamber of Commerce and Industry and the Cypriot Trade Centre of London.

According to an official press release, the Minister also referred to the importance of Cyprus' accession to the European Union, as well as the prospects for further expansion of the commercial relations between Cyprus and Britain.

Keravnos also outlined the Cypriot government's ''far-reaching and bold industrial policy,'' with a view to face the challenges due to the intensification of competition and the globalised economy, which provides for the attraction and development of new high-tech industries, the technological upgrading of the traditional manufacturing industries, the improvement of productivity and the attraction of capital-intensive foreign investments.

He also referred to the agreement signed with the Harvard School of Public Health for a Joint International Initiative on the Environment and Public Health, by which the Cyprus Research Institute for the environment will be established on the island.

''Actually, Cyprus is an ideal place for business and, taking advantage of the climate, a tourist destination. After all, companies are not only legal entities, there are people behind every economy,'' Keravnos noted.

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