Subsequent Wednesday, within the context of the 2nd Intergovernmental Summit with Greece, the ultimate type of the “Digital Citizen” utility might be introduced, President Christodoulidis stated on Monday, additionally saying that the implementation of a focused Communication Technique is predicted to start earlier than the top of the yr and Public Relations of the Republic of Cyprus (“rebranding”) with a concentrate on worldwide markets.
President Christodoulidis, in his greeting on the eleventh “KEBE Enterprise Chief Awards” award ceremony on Monday, stated that within the context of lowering paperwork and the executive burden for companies “we’re urgent forward with the digitization of the state each for the extra environment friendly operation of state machine in addition to for the availability of digital companies to residents and companies”.
As President Christodoulidis defined, within the first section the digital citizen along with the brand new authorities portal gov.cy might be used as a brand new instrument – a channel of citizen interplay with the state, noting that by December 15, 2024, it’s anticipated to be put into manufacturing operation and one other vital motion of the Digital Citizen program, the Digital Assistant, accessible by means of the brand new gov.cy.
As he stated, the Digital Assistant is a productive synthetic intelligence instrument that can present solutions to residents by means of conversations they are going to have. “On the identical time, we’re intensively continuing with the implementation of our resolution to grant the digital id, by the top of this yr,” he stated.
The President of the Republic famous {that a} mandatory situation for the creation of a secure enterprise atmosphere is the strengthening of the credibility of Cyprus, saying that by means of a world tender course of “we now have progressed and it’s anticipated to start earlier than the top of the yr, the implementation of a focused Communication and Public Relations Technique of of the Republic of Cyprus, i.e. a rebranding, specializing in worldwide markets”.
The last word purpose, President Christodoulidis continued, is to enhance and strengthen the worldwide popularity and attractiveness of Cyprus, to improve its picture within the worldwide enterprise and funding neighborhood in addition to in different, focused communities, associated to vital sectors of our economic system, resembling they’re, for instance, vacationers and college students.
Fiscal duty, a secure monetary atmosphere and daring reforms
President Christodoulidis stated that “our imaginative and prescient for our nation is to make Cyprus among the finest locations on this planet to dwell, work and do enterprise. And this isn’t a slogan, however a totally achievable purpose.”
He added that alongside this path efforts are centered on making a secure and wholesome fiscal atmosphere and giving the enterprise neighborhood the required assets to have the ability to face the challenges of the worldwide market, compete and develop.
He identified {that a} fundamental situation to attain the objectives from the State's facet must be fiscal duty, a secure and powerful monetary atmosphere and steady and daring reforms.
He acknowledged that Cyprus is projected to have the third highest development price of the Eurozone nations in 2024 at 3.8%, noting that the unemployment price within the first half of the yr was virtually at full employment ranges, at round 5.2%, for the primary time since 2009, whereas for 2025 it’s anticipated to be beneath 5%.
“The de-escalation of inflation can be vital, which is predicted to achieve 2% in 2024, in comparison with 3.5% in 2023,” he stated.
The President of the Republic additionally stated {that a} important main fiscal surplus of three.9% is predicted for 2024, noting that in relation to different EU nations there was appreciable progress in lowering the general public debt.
“Particularly, on the finish of the second quarter of 2024, Cyprus recorded the biggest fall in public debt within the EU, in comparison with the primary quarter and is at round 69% of GDP. Our purpose, which we’ll obtain, is to cut back it beneath 60% of GDP by 2026,” he stated.
He additionally acknowledged that the constructive course of the economic system can be mirrored within the successive upgrades by the Ranking Homes, noting that on Friday, and following the improve of the Scope Ranking Home, the Moody's Ranking Home, with a double improve, ranked Cyprus within the A stage, after since 13 complete years.
He famous that the brand new improve, amongst others, paves the best way for attracting high quality investments that create new high quality jobs, decrease rates of interest, elevated financial stability, job safety and higher wages.
“In the identical context, we’re persevering with intensively the preparations for the tax transformation of the nation” stated President Christodoulidis saying that “we’re specializing in creating an much more aggressive tax framework that encourages funding and doesn’t promote unfair competitors”.
He additionally acknowledged that the purpose, too, is to make sure the sustainability of the tax system and promote the strengthening of the inexperienced economic system and digital transition that are mandatory situations.
“In the beginning of 2025, it’s anticipated that the ultimate suggestions of the specialists, with whom I even have common contact, a minimum of as soon as a month, might be put to public session with all of you,” he famous.
President Christodoulidis stated that the Authorities will proceed to formulate and implement accountable insurance policies, regardless of the reactions, itemizing actions introduced by the Authorities which concern, amongst others, companies, vitality, housing, well being and coping with of subfertility.
Companies are a driving power all through Europe
The President of the Republic stated that Cyprus, as a member state of the EU, is affected by the developments in Brussels and companies are each for the Cypriot and for the European economic system, basically the driving power of growth, innovation, competitiveness and employment .
“The existence of aggressive companies and wholesome enterprise exercise is a one-way road each for our nation and for Europe,” he stated.
He famous that the Draghi Report on Competitiveness within the European Union started to be mentioned on the stage of the European Council, and shortly the Fee will proceed with suggestions to the member states based mostly on the Report.
President Christodoulidis indicated that this Report identifies three key areas for which Europe, together with Cyprus, should act instantly and decisively to strengthen its productiveness and competitiveness.
As the previous stated it’s the giant capital investments, in addition to the redesign of the commerce coverage. The second, he continued, is a single plan to handle local weather change and promote the competitiveness of trade and its investments. And the third, is the discount of any dependencies of the European Union and the Member States to strengthen its safety, not solely in issues of protection and safety, but additionally the dependencies of the EU, whether or not it issues vitality or different sectors.
The President of the Republic stated that the Authorities is growing a longer-term plan, which, amongst different issues, goals to make companies resilient to any challenges that come up. On this context, he continued, “we reap the benefits of all of the instruments at our disposal: the assist of the European Union, each in monetary assets and know-how, in addition to our worldwide relations, our overseas coverage, to be able to facilitate the creation of partnerships , to strengthen the extroversion of our economic system, and to draw high quality investments to our nation”.
He additionally talked about that it’s on this context that the strategic dialogue with the US started that touches many sectors together with the economic system and attracting investments, including that “it is because of this that we instituted intergovernmental cooperation with Greece”.
He additionally stated that earlier than the top of the yr there might be particular bulletins and visits to Cyprus which have as the principle topic of debate the strengthening of financial and industrial relations.
Talking in regards to the “KEBE Enterprise Chief Awards”, President Christodoulidis stated that it’s a profitable establishment that has been properly established and acknowledges and rewards main personalities within the discipline of entrepreneurship.
“Professionals, of whom we’re proud, and who’ve developed their enterprise and adopted revolutionary methods within the discipline of enterprise growth, whereas on the identical time they’re distinguished for his or her ethics and integrity of character,” he famous.
Supply: KYPE
