Cyprus’ doors open to Chinese companies, President tells Xinhua

Cyprus’ doors open to Chinese companies, President tells Xinhua

Cyprus has its doors open to Chinese companies eager to invest and promote business, and as a Member State of the European Union, it offers very attractive benefits and opportunities for Chinese companies to establish their activities and production units in Cyprus, President Nicos Anastasiades has said.

In an interview with the Chinese News Agency Xinhua, which was published on Wednesday, on the occasion of his visit to China, the President said that Cyprus` aim is to continuously support the development of business and economic relations between Cyprus and China, especially in the fields of transport, tourism, energy, and telecommunications.

He said that the Government is now pushing through important economic reforms that will maximize Cyprus’ growth potential and deliver new investment opportunities to the private sector.

“In this way, Cyprus is reaffirming its reputation as a center of excellence for international investment and business activity,” he said.

Anastasiades stressed that tangible opportunities exist for Chinese investors in numerous economic sectors such as shipping, privatization of ports, electricity and telecommunications, marinas, golf courses, medical and health centers, rehabilitation centers, theme parks, tourism and the hospitality industry, land development, information and communication technologies, education, professional services and of course, the energy sector including renewable energy as well as the hydrocarbons industry.

Xinhua points out that China’s state COSCO company is among several international companies interested in acquiring part of the operations of its main port at Limassol under a scheme to privatize state owned businesses.

During his visit, President Anastasiades he will address a business forum in Beijing on the 17th of October, organized by the Cyprus Chamber of Commerce and Industry.

Another forum will also take place in Shanghai on the 18th of October, organized by the Cyprus Land and Building Developers Association.