Commission Vice President: Cyprus’ image abroad is positive

Commission Vice President: Cyprus’ image abroad is positive

Cyprus has managed to deal with the economic crisis very well and its image abroad is clearly more positive than negative, European Commission Vice-President Jyrki Katainen, responsible for Jobs, Growth, Investment and Competitiveness, has said, addressing the Chairman and the members of the House Committee on Foreign and European Affairs.

Katainen, who visits Nicosia as part of his roadshow to promote the Investment Plan for Europe, said that in the past two years (after the bail – in imposed on Cyprus in 2013) the country and its people have faced a lot of difficulties, but pointed out that the picture of the country abroad is clearly more positive than negative which has a positive impact on the investment climate.

“Giving you the impression from outside, your country has managed to deal with the crisis very well and this has helped you receive confidence”, he stressed.

Referring to the Investment Plan for Europe, he said that Cyprus could benefit from it in various areas, mostly as regards its SMEs, tourism (like renovation of hotels) and energy noting the importance of setting up the necessary national tools to organise this effort.

Chairman of the Committee Averof Neofytoy welcomed the Commission`s Investment Plan and said that it could benefit Cyprus as well since it aims at promoting growth and jobs.

He placed emphasis on the energy sector, pointing out that hydrocarbon reserves in the Eastern Mediterranean in countries like Cyprus, Israel and Lebanon, could offer an alternative to Europe`s energy supply.

“If we can manage to fund a viable project in this area, it could contribute to Europe`s energy security,” he said.

Later on, the Commissioner was received by President of the House of Representatives Yiannakis Omirou. No statements were made after the meeting.

CNA/AAR/MM/2015
ENDS, CYPRUS NEWS AGENCY