Cyprus Mail

Investment framework must improve

file photo Energy Minister George Lakkotrypis

Cyprus must improve its institutional framework for attracting and facilitating foreign, Commerce and Energy Minister Giorgos Lakkotrypis said on Thursday during a meeting with British entrepreneurs.

Speaking after the meeting, Lakkotrypis said that British investors asked for more predictability, transparency and convenience.

He noted moreover that investors from the UK show their trust to Cyprus, despite the difficult conditions of the past months.

“We work hard to improve the institutional framework, to speed up the licensing process for small and bigger investment projects,” the Minister said.

British High Commissioner Matthew Kidd said the meeting was a good initiative, with the government explaining its efforts to improve the climate for investors from Britain and elsewhere.

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