Companies category powered by

Alexey Gubarev: We need to fix two main problems- schooling and housing

Alexey Gubarev, Co-Founder and Board Member at Palta, told IN Business News’ camera that there are currently two main issues that foreign investors are dealing with and for which solutions need to be found the soonest possible: schooling and housing.

“IT has become the main driver of the economy now,” said Gubarev. “But to accommodate this success and actually have the ability to grow on it, we need to fix two main problems: schooling and housing.”

He said there is a big problem with schools. “There should be some big incentives for schooling to build more private schools on the island to accommodate demand. Because all schools on the island are full,” Gubarev explained.

The second problem that needs to be addressed is housing, he said. “We need more affordable housing, not only for the Cypriots, but also foreigners coming here.”

The businessman said the government is taking good steps to address all the issues, but he said it was important that it acted fast. “Because sometimes you need to seize momentum. If you see the problem, catch it, find the solution and address it immediately. It can’t go on for years. We have issues that need to be fixed ASAP,” Gubarev concluded.

Watch the full video here:

Read More

VTN Group acquires more real estate, announces new collaborations and activities
John Christodoulou and Konstantinos Argiros enter London real estate partnership
Igor Gritsay: The great thing about games is that they can be anything you want them to be
Yoshio Yamawaki: It is important to make Japanese companies aware of Cyprus’ advantageous FDI environment Travel will be the primal pulse of life in 2024 (facts and figures)
Nielsen’s new methodology is evolving how television viewing in Cyprus is measured
Revolutionising Education: The DigiTrain Platform Pilot in Cyprus
Jamie Oliver Kitchen at Limassol Marina to mark Women’s Day with special treat
Paradox Carnival Fiesta at Paradox Museum Limassol
Italian President's historic visit in pictures