The government is determined to enhance Cyprus’ role as an international financial hub, President Nikos Christodoulides said on Wednesday evening.
Speaking at the Eurobank board dinner in Nicosia, Christodoulides referred to the bank’s “strong and expanding footprint in our country”, which proved “the role of Cyprus as a dynamic and trustworthy financial and business hub in the region”.
He said the economy had shown “remarkable resilience and adaptability” over the past two years, achieving one of the highest growth rates in the Eurozone.
This, he said, had been made possible by responsible fiscal policies.
“We remain committed to maintaining economic stability and promoting a competitive business environment, recognising that a strong economy is the foundation for sustainable growth and prosperity,” Christodoulides added.
The president also referred to the modernisation of the taxation system in Cyprus, which will “further enhance the investment climate and Cyprus’ reach as a preferred destination for international businesses”.
“It is of vital importance that the success of our economy is translated into tangible benefits for the citizens and our businesses,” he added.
He said “the steps we take today will determine the financial landscape of tomorrow and we are determined to make sure that Cyprus will continue to prosper as a leading financial and business destination.”
