Cyprus Shipping 'Navigates' the Country to Recovery
By Aiswarya Lakshmi
Monday, February 8, 2016
Cyprus shipping sector has evolved in the recent years as one of the leading sectors of the economy and “navigates” Cyprus to economic recovery, President of the Republic Nicos Anastasiades stressed says a report by CNA.
President Anastasiades expressed the government's appreciation to all participants for their continuous support and the trust they place on Cyprus Shipping and its Flag throughout the years and for contributing towards the 'impressive development of the Cyprus Shipping Industry'.
He added that despite the international adverse economic conditions and the financial difficulties that Cyprus 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.
The president noted that shipping had in fact evolved in the recent years as one of the leading sectors of the economy and was “navigating” Cyprus to recovery.
It was worth mentioning, he added, that the contribution of the Cyprus Shipping Chamber was invaluable. Through its work and activity it has managed to maintain shipping as the lifeline of the economy.