Download AMAN Application from Apple store and Google play                                Follow us on : Twitter - Facebook - YouTube - Instagram

STATUTES GENERAL ASSEMBLY SECRETARY GENERAL CONTACTS Follow us on Twitter Follow us on Facebook Follow us on Instagram
Daily News
MedNEWS HOME
MAP - Une délégation du 'National Press Club' de Washington visite les principaux édifices religieux de Casablanca
Casablanca - 19 juillet 2018 – (MAP) - Une délégation du 'National Press Club' de Washington a visité, jeudi, les...
MAP - Morocco Expresses Commitment to New Momentum for Achieving Sustainable Development
New York - 19 july 2018 – (MAP)- Secretary of State for Sustainable Development Nezha El Ouafi stressed, Thursday...
MAP - 40è Moussem d'Assilah: Plaidoyer pour renforcer la culture de la paix et de la différence afin de combattre l'extrémisme religieux violent
Assilah - 19 juillet 2018 – (MAP)- Les participants à un colloque sous le thème "Pensée religieuse incubateur du...
MAP - Bac: 332 prisonniers ont réussi l'examen
Rabat-19juillet2018–(MAP)-Le nombre total de prisonniers ayant réussi l'examen du baccalauréat au titre de l'année 2017-2018 a atteint 332 pensionnaires, a...
MAP - M. Ahmed Toufiq reçoit le leadership du National Press club de Washington
Rabat -19 juillet 2018–(MAP)- Le ministre des Habous et des Affaires islamiques, M. Ahmed Toufiq, a reçu, jeudi à Rabat,...
MAP - El Jadida: Échange constructif sur les nouveaux besoins des MRE investisseurs
El Jadida -19 juillet 2018–(MAP)-Inciter les Marocains résidant à l'étranger (MRE) à investir et à pérenniser les liens avec leur...
MAP - Des groupes parlementaires appellent à davantage d'efforts pour promouvoir le secteur du tourisme
Rabat -19 juillet 2018–(MAP)- Des groupes parlementaires à la Chambre des conseillers ont appelé, mercredi, à déployer davantage d'efforts en...
MAP - Port Casablanca: Marsa Maroc annonce le retour à la normale pour les livraisons camions
Rabat - 19 juillet 2018 – (MAP)- Marsa Maroc, leader national de l'exploitation de terminaux portuaires, a annoncé le...
NNA - Leaders For Democracy Fellowship Program launched in Lebanon in Collaboration with AUB
NNA - The 2018 Leaders for Democracy Fellowship (LDF) Program, funded by the U.S. Department of State's Middle East Partnership...
NNA - Donor countries' ambassadors congratulate Lebanon on 'Education for All' Program
NNA - Caretaker Minister of Education and Higher Education, Marwan Hamadeh, held an extensive meeting with ambassadors and heads of...
NNA - Gaby Tamer, nouveau PDG de la Chambre de commerce libano-française
ANI – La Chambre de commerce libano-française a tenu son assemblée générale à Paris, au cours de laquelle elle a...
NNA - Le ministre de la Justice rencontre une délégation du Conseil supérieur français du notariat
ANI – Le ministre sortant de la Justice, Sélim Jreissati, a reçu ce jeudi dans son bureau au ministère, le...
ATA - Albania and Kosovo to cooperate in field of insurances
TIRANA, July 18/ATA/-Albania and Kosovo are promoting bilateral cooperation between the two countries even in the field of insurances. ...
ATA - SeeNews: EBRD to continue investing in upgrading Albania’s infrastructure
TIRANA, July 18/ATA/ – The European Bank for Reconstruction and Development will continue to invest in narrowing the infrastructure gap...
ATA - Construction works on Arbër Highway to continue at a higher intensity
TIRANA,July 18/ATA/–The Arbër Highway known as the Caravan Road or part of the Via Egnatia, the ancient Roman road, ...
Lusa - Business News - Portugal: Autoeuropa workers seek 4% increase, double pay for Sunday working
Palmela, Portugal, July 19 (Lusa) - Workers at Autoeuropa, the Volkswagen unit that is Portugal’s largest manufacturing plant, on Thursday...
HINA - Croatia praised for success in energy renovation of buildingy - EurActiv
ZAGREB, July 19 (Hina) - Croatia's performance in the implementation of energy efficiency programmes can be compared with the success...
Lusa - Business News - Angola: Tax revenues from oil exports buoyant as crude price holds up
Luanda, July 19 (Lusa) – Angola's oil exports raised the equivalent of €5 billion in tax revenues in the first...
Lusa - Business News - Portugal: Consumer group complains about Ryanair marketing strike-hit flights
Lisbon, July 19 (Lusa) - Portuguese consumer protection association Deco has lodged a formal complaint with the National Civil Aviation...
HINA - Croatia, Albania for closer cooperation, protection of Adriatic
ZAGREB, July 18 (Hina) - Cooperation between Croatia and Albania is constantly improving and the main precondition for its significant...
EFE - ITALY CINEMA - Damien Chazelle's 'First Man' set to open Venice Film Festival
Rome, Jul 19 (EFE).- The movie 'First Man' by United States director Damien Chazelle is set to open this year's...
CNA - FinMin says credit rating agencies’ reports in line with the Government’s estimates
CNA - ΝICOSIA - Finance Minister Harris Georgiades said Thursday that the latest reports of credit rating agencies about Cyprus...
Lusa - Business News - Portugal: Algarve policing beefed-up as biker festival gets under way
Lisbon, Jul. 19 (Lusa) – The Portuguese police (PSP) have sent more officers to the Algarve, particularly to the bar...
Lusa - Business News - Portugal: Public, private borrowing up to almost €725 billion
Lisbon, Jul. 19 (Lusa) – Borrowing went back up in Portugal in May to €724.7 billion, of which €322.4 billion...
Lusa - Business News - Portugal: Airport tax breaches EU rules
Brussels, Jul. 19 (Lusa) – The European Commission (EC) has sent Portugal a reasoned opinion demanding that the Lisbon airport...
Lusa - Business News - Portugal: Easyjet to contest fuel failure compensation demand
Farnborough, United Kingdom, Jul, 19 (Lusa) – Low-cost airline easyJet said on Thursday it would contest the compensation it was...
Lusa - Business News - Portugal: Latest oceanic patrol vessel to be named on Friday
Viana do Castelo, Portugal, Jul. 19 (Lusa) – The Oceanic Patrol Vessel NPO Sines, the first of two to be...
CNA - Moody’s: Cyprus broadens capital-gains tax waiver, a credit positive for banks
CNA - Nicosia
Rating agency Moody’s says in its weekly “Credit Outlook” that extension of the government’s waiver of the 20%...
Lusa - Business News - Portugal: Biker festival to begin today without Portuguese Hells Angels
Faro, Portugal, Jul. 19 (Lusa) – The 37th edition of the Faro Motorcycle Meeting begins today and continues until Sunday....
Lusa - Business News - Portugal: Top headlines on Thursday
Lisbon, Jul. 19 (Lusa) – The Portuguese papers are writing about the up-coming biker festival in Faro and how banks...
CNA - President: Government promotes new investment law




CNA - Gregoris Savva - Nicosia - President of the Republic Nicos Anastasiades has said that the government is promoting a new investment law to boost investments in the country.

Addressing the Cyprus Investment Promotion Agency (CIPA) and the Cyprus Investment Funds Agency (CIFA) 2016 Annual General Meeting that took place on Wednesday in Nicosia, he said that the government inter alia is promoting the new investment law featuring a real one-stop shop to serve businesses, a commercial court, as well the possibility to register a company in just 24 hours.

Anastasiades also pointed out that “the vision to render Cyprus an attractive investment destination directly affects the possibility to achieve the conditions of sustainable and healthy growth transcends the coming February and affects the lives of all, our children and the future generations.”

The Cypriot President emphasized CIPA’s and CIFA’s decisive role in promoting the government’s structural reform programme, adding that with the contribution of CIPA and CIFA we were able to extradite and to materialise the growth prospects.

“Our wish is for CIPA to go to the next level to evolve to the executive arm of the Deputy Ministry of Growth that we have proposed, something which would strengthen its work through the concentration and redistribution of personnel, resources and material.”

Anastasiades referred to the reforms implemented since the 2013 financial crisis, adding the government aims to achieve the conditions of full employment by 2020, terminating the nightmare of unemployment.

The President said the government inter alia is promoting the new investment law featuring a real one-stop shop to serve businesses, a commercial court, as well the possibility to register a company in just 24 hours.

He also said that the field of investments should be left out of political wrangling, as Cyprus is edging closer to the presidential elections scheduled for January 24.

“The field of investments should be considered by all of use as above any political wrangling,” Anastasiades said.

In his last address at a CIPA AGM, Chairman of CIPA Christodoulos Angastiniotis referred to the reforms implemented in Cyprus since the 2013 crisis, adding the collective effort to secure the conditions of sustainable economic growth should be left out of political wrangling.

““Let us try and keep this important sector of investments, with which we have confirmed that healthy growth is possible, outside political wrangling. Irrespective of the results of the forthcoming elections, we all have a responsibility to improve the business environment through the necessary reforms that will make Cyprus more attractive for investments, over and above party motivations or personal ambitions that could damage our successful endeavours to date.”

In this context, Angastiniotis urged the House of Representatives to move quickly with approving the bill to set up an under-secretariat on growth and competitiveness and the bill to facilitate investments.

Angastiniotis said 2016, the year under review at the AGM, coincided with important developments, such as increased investment interest in all productive sectors and the emergence of significant alternative sectors such as investment funds, the number of which is rising at an impressive rate of around 18%.

Other positive developments cited were the keen interest from multinationals active in Cyprus in the past years which are expanding their presence, the successive upgrades from the rating agencies and GDP growth.

CIFA President, Angelos Gregoriades on his part said the Cyprus’ financial services sector continues to expand in terms of size, reputation and attractiveness, backed by a resilient regulatory framework, prudent supervision, consumer protection, and strong money laundering prevention mechanisms.

He added that “the robustness of the sector is reflected in the continued registration of new companies and funds and investment vehicles, providing employment opportunities both within the direct financial intermediation segment and other related professional services activities.”

“Coming soon is an ambitious additional reform of the legal framework regarding investment funds including provisions for the introduction of registered funds, partnerships with legal personality and the introduction of a ‘Mini Manager’ concept for managing assets up to a certain threshold,” he said.

In her address, CIPA Director General Natasha Pilides outlined the most important direct foreign investments in Cyprus in 2016 in all the priority sectors.

Moreover, presenting CIPA’s strategy for 2017-2020, she set out the organisation’s vision, actions and objectives and analysed the new initiatives to promote Cyprus abroad and the actions planned to take place over that period.

She also made special reference to actions underway to promote the audio-visual sector, innovation, investment funds and start-ups. In closing, the director general referred to CIPA’s new initiative “Invest Career”, an internet tool to match the companies’ increasing needs for talented human resources with professionals seeking employment opportunities, about which more details will be announced at the start of the new year.

CNA/GS/AAR/2017
ENDS, CYPRUS NEWS AGENCY

________________________________________

Cyprus News Agency, 21 Academias Avenue, 2107 Aglantzia, Nicosia
Tel. 22556000, Fax. 22556100, email:news@cna.org.cy, website: www.cna.org.cy



Agency : CNA

Date : 2017-12-07 07:50:44







 

Copyright © Alliance of Mediterranean News Agencies 2017