The members of the Board of Directors of the Cyprus Chamber of Commerce & Industry met with Minister of Finance Makis Keravnos as part of the regular dialogue between the Government and the business community.
As noted in an announcement after the 16 June gathering, during the meeting, the current economic challenges and their impact on the Cypriot economy were discussed at length. Particular emphasis was placed on the energy crisis and the increased pressures it places on the operating costs of businesses, as well as the broader impacts of the crisis in the Middle East on the tourism sector and other key sectors of the economy.
At the same time, the economic impacts resulting from the outbreak of foot-and-mouth disease were examined, with emphasis on the consequences for the agricultural sector and the supply chain, as well as the possible secondary impacts on economic activity.
The focus of the discussion also was on the increase in inflation, with an exchange of views on measures that can be taken to mitigate the effects on household disposable income and business competitiveness.
The Minister of Finance reaffirmed the Government's commitment to continuous support for the economy and businesses, underlining the importance of cooperation with the CCCI to effectively address the challenges. The President of the CCCI, Stavros Stavrou, stressed the need for timely and targeted interventions, in order to ensure the sustainability and development of the Cypriot economy.
The meeting took place in a constructive atmosphere, with a shared understanding of the need to maintain an open and substantive dialogue, the announcement noted.
(Source: InBusinessNews)
