Minister of Energy, Commerce, Industry and Tourism George Lakkotrypis discussed several issues regarding the industrial/manufacturing secrtor. The meeting, which was kindly hosted by Remedica pharmaceutical company, took place in the presence of the President and the Secretary General of the Cyprus Chamber of Commerce and Industry as well as of Limassol Chamber Vice Presidents Andreas Tsouloftas and Heros Miltiadous.
Boards of the three Limassol Industrial Estates Associations also attended, and outlined issues of concern to the industrial/manufacturing sector as well as general problems that interfere with the day-to-day-operation of the industrial estates, such as accessibility, safety, lease arrangements and rents, uses of industrial remises, etc. Regarding the optimum operation of the industrial estates the idea was to implement an arrangement that by law all owners have to pay their share of common expenses in their apartment’s buildings.
On his part, Mr. Lakkotrypis highlighted the importance of the manufacturing industry for the national economy and said the government was intent on supporting the sector as much as possible. He made special reference to the energy cost, which has long tormented the industrial sector and noted that companies now have the possibility of using net billing. The latter enables those in possession of photovoltaic systems not just to reduce and possibly completely do away with energy costs, but also to have revenues that will be credited to their accounts.