Address by the President of the Republic Mr Nikos Christodoulides at the ICAEW event at the British High Commissioner’s Residence today

We are very proud of the industry of chartered accounting in Cyprus, we know very well how important it is for the Cypriot economy and, as the new Government, I assure them that we will stand by their side and work together.

It is with pleasure that I address tonight’s event in the presence of distinguished professionals, members of the Institute of Chartered Accountants in England and Wales and of course the Institute’s Chief Executive.  

Tonight’s event coincides with the very first months of our term as a new Government, during which we are working on enhancing the foundations of our economy, through implementing our five-year economic plan as part of the long-term strategy “Vision 2035”.  

My vision is for Cyprus to be a model state, with favorable conditions for attracting investment and promoting entrepreneurship; a reliable, credible business and financial center, free from mistakes of the past; and a social, fair state that safeguards a high standard of living for its citizens. A country that takes determined, bold steps forward, utilizing the potential of technology. A country that innovates and sets the bar high for the digital and green transition. A country that can respond to global geopolitical, economic and other challenges quickly and efficiently.

To achieve this vision, we have developed a Governance Program that is already on implementation track and includes specific interventions and actions.

The long-term strategy that I have referred to, “Vision 2035", is a key axis of our policies, through which we aim to expand and diversify the productive base of our economy. The overarching aim is to support the traditional sectors of the economy, so that they become more dynamic and resilient and, at the same time, to encourage the development of emerging sectors.

In this framework, we will continue on the path of implementation of important reforms, such as the public service, justice and local government reforms, which directly affect the daily operation of businesses. At the same time, we are working on actions to support businesses for digital and green investments and for research and innovation, utilizing European funding opportunities...