27 January 2013 14:23

 Nicosia  -- The Cyprus government gives the highest priority to the shipping sector as a driving force for the further economic development, President Christofias said in his address at the Cyprus Shipping Chamber Official Dinner.

In his address, read out by Minister of Communication sand Works Efthymios Flourentzou, Christofias noted that “shipping is an important pillar of our economy in its capacity to act as a wide gateway of foreign investments to our island. Cyprus is already a well-established maritime cluster and it is among the Government’s priorities to maintain its attractiveness and leading position in the world scene.”

He said that “during the last few years, though, the unprecedented economic crisis has shaken the foundations of the world economy, which could not leave Cyprus untouched.

Two thousand twelve was a challenging year for both the shipping industry and our maritime administration.”

“Nevertheless, through hard and persistent work and collaboration between the public and private sector, we managed to maintain the strength of our flag and maritime cluster. In order to navigate through the economic crisis, and maintain our shipping industry’s competitiveness, we moved ahead with the adoption and implementation of the piracy law and the accession of new shipping companies in our tonnage tax system,” he added.

I am confident, he noted, that the wealth of knowledge and expertise of our shipping sector will “steer the ship in calm waters” soon and recalled that during the Cyprus Presidency of the Council of the EU, the “Limassol Declaration” was adopted.

He noted that this year will be marked by another Maritime Cyprus Conference, a conference which has been established world-wide as one of the key shipping events of the year. “For a week, Cyprus will be in the spotlight of the world shipping industry providing the opportunity to further enhance the image of our flag and shipping industry, he noted.
(CNA)


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