Pres­i­dent says govern­ment com­mit­ted to ship­ping sec­tor

Financial Mirror (Cyprus) - - FRONT PAGE -

Pres­i­dent Ni­cos Anas­tasi­ades has ex­pressed his govern­ment’s de­ter­mi­na­tion to pro­tect and fur­ther de­velop the ship­ping sec­tor, in his ad­dress at an event in Li­mas­sol to mark the 25th an­niver­sary of a Rus­sian ship­ping com­pany.

“Over the past decades Cyprus has built up an ex­cep­tional mar­itime in­fra­struc­ture and high level of ex­per­tise,” he pointed, re­call­ing that “the Cypriot mar­itime registry is to­day one of the largest in the EU and the tenth largest world­wide.”

Fur­ther­more, he noted, “our coun­try is con­sid­ered to be one of the largest third party ship-man­age­ment cen­tres glob­ally”, adding that “this is largely due to the con­tri­bu­tion of com­pa­nies like Uni­com.”

Pres­i­dent Anas­tasi­ades added that de­spite the in­ter­na­tional ad­verse eco­nomic con­di­tions and the fi­nan­cial dif­fi­cul­ties that our coun­try faces in the last years, the Cyprus ship­ping sec­tor man­aged to main­tain its com­pet­i­tive­ness and per­spec­tives as a re­sult of com­bined ef­forts from the pub­lic and pri­vate sec­tors.

Ship­ping, he added, “has in fact evolved in re­cent years as one of the lead­ing sec­tors of our econ­omy and has proven to be an in­valu­able as­set in our jour­ney to re­cov­ery.”

At the same time he as­sured that the govern­ment “ac­knowl­edges now, more than ever, the im­por­tant role that the ship­ping sec­tor plays in the Cyprus econ­omy.”

We are well aware of the fact that the ship­ping sec­tor op­er­ates in a con­tin­u­ously evolv­ing and highly com­pet­i­tive global en­vi­ron­ment, he said.

That is why, he stressed, “we are de­ter­mined to in­tro­duce the nec­es­sary mech­a­nisms to pro­tect and fur­ther de­velop the ship­ping sec­tor, to fur­ther im­prove the over­all ship­ping in­fra­struc­ture in Cyprus and our ser­vices in the ship­ping in­dus­try.”

Ad­dress­ing the event, Deputy Min­is­ter of Trans­port of the Rus­sian Fed­er­a­tion Vik­tor Oler­sky said the pres­ence of both Cyprus Pres­i­dent and Trans­port Min­is­ter Mar­ios Deme­tri­ades at the event shows how much at­ten­tion the govern­ment of Cyprus gives to the de­vel­op­ment of the ship­ping sec­tor of this coun­try.

“We be­lieve that our re­la­tions with Cyprus, es­pe­cially in the ship­ping in­dus­try sec­tor can de­velop even more and can be deeper,” he said. Re­fer­ring to the a meet­ing he had with Deme­tri­ades he said he had ex­pressed the view that Rus­sian pres­ence in Cyprus and our co­op­er­a­tion can be more prac­ti­cal and that it should “de­velop more into ship­man­age­ment and ship-own­er­ship.”

I be­lieve the govern­ment of Cyprus will pro­vide more as­sis­tance to the Rus­sian com­pa­nies that would like to have deeper roots in this won­der­ful land, he con­cluded.

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