4/4/14

Remarks by the Minister of Energy and the Minister of Finance


In the coming summer, the activities in our Exclusive Economic Zone will be even more intense, the Minister of Energy, Commerce, Industry and Tourism, Mr Yiorgos Lakkotrypis said today.


In his remarks to the press, on the sidelines of his meetings with members of the Youth of the European Popular party (EPP), at the Presidential Palace, Mr Lakkotrypis, replying to a question on how the energy sector could help to restart the economy, said that these prospects can be divided into three categories. One concerns the companies providing services for all the activities we are witnessing in the hydrocarbon sector; the second concerns the natural gas itself and the exploitation of the natural wealth of Cyprus; and third, the creation of a knowledge-based economy, in other words, to be able to export abroad, in the long-run, the best counselling services – legal, commercial, financial, - with regard to the hydrocarbon industry, the very services that today we seek to find abroad.

On the sidelines of the same event, the Minister of Finance, Mr. Harris Georgiades, in his remarks to the press, said that what will help getting Cyprus back in the markets is our consistency in the effort that we have already started.

Asked about the reduction of the spreads, he said that “there could not have been a safer and clearer indication that the course of the Cypriot economy is on the right track. Difficulties still remain, he added, but we will achieve what we all want, for our economy to stand on its own, if we continue this policy that has started to produce results.”

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