Cham­ber lead­ers high­light ben­e­fits of a so­lu­tion

Financial Mirror (Cyprus) - - FRONT PAGE -

The lead­ers of the Greek Cypriot and Turk­ish Cypriot cham­bers of com­merce have high­lighted the eco­nomic ben­e­fits of a so­lu­tion dur­ing a joint in­ter­view.

Cyprus Cham­ber of In­dus­try and Com­merce (KEVE) Pres­i­dent Phidias Pi­lidis, and Turk­ish Cypriot Cham­ber of In­dus­try (KTTO) Chair­man Fikri Toros told the Turk­ish Cypriot Bayrak ra­dio sta­tion that the co­op­er­a­tion be­tween the two cham­bers had played an im­por­tant role to­wards build­ing peace on the is­land.

Pi­lidis said re­solv­ing the Cyprus is­sue would ben­e­fit all sec­tors of the econ­omy and that the is­land would be­come a ma­jor in­vest­ment cen­tre in the re­gion.

He es­ti­mated that per capita in­come would in­crease 70% in 20 years. Toros said the ben­e­fits “would be im­mense”. “One can­not ex­pect to com­pete in an en­vi­ron­ment of po­lit­i­cal in­sta­bil­ity. With re­uni­fi­ca­tion, the is­land will be­come a cen­tre of eco­nomic pros­per­ity,” he said.

Mean­while, Fi­nance Min­is­ter Haris Ge­or­giadis em­pha­sised that huge op­por­tu­ni­ties and per­spec­tives will emerge with the re­uni­fi­ca­tion of Cyprus both in lo­cal and in­ter­na­tional lev­els on econ­omy.

Speak­ing to the daily Poli­tis, Ge­or­giadis said: “I will only say one thing, Tur­key has the 18th largest econ­omy in the world and it is right be­side us” and added “a so­lu­tion will pro­vide op­por­tu­ni­ties to ac­cess Turk­ish mar­kets “

Fur­ther­more, Ge­or­giadis said, “we will eval­u­ate our par­tic­i­pa­tion in Europe to­gether with the Turk­ish Cypri­ots; our ex­cel­lent ge­o­graph­i­cal po­si­tion and the ad­van­tages of our econ­omy”.

The Min­is­ter in­di­cated that new in­vest­ment op­por­tu­ni­ties, co­op­er­a­tion and part­ner­ships will be es­tab­lished. He also added that so­lu­tion of the Cyprus prob­lem and the es­tab­lish­ment of eco­nomic and com­mer­cial re­la­tions with Tur­key will ex­pand their per­spec­tives such as mar­itime, ser­vice, tourism and energy sec­tors.

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