May 2021

LIMASSOL CHAMBER, AKEL EXCHANGE VIEWS ON CURRENT ECONOMIC SITUATION

An AKEL delegation, headed by party Secretary General Andros Kyprianou paid a visit to the offices of the Limassol Chamber of Commerce and Industry (LCCI). In a meeting with a delegation of the Chamber Board under President Andreas Tsouloftas, the two sides exchanged views on current economic issues, especially in light of the ongoing pandemic and its effects.

LCCI and AKEL agreed that although public health is of paramount importance, the very serious economic and social consequences of repeated lockdowns and other restrictions must be taken very seriously. The two sides also stressed the need to speed up the vaccination process, as the only measure under the circumstances to get out of what is already a protracted crisis as quickly as possible and return to the normality of the pre-pandemic times.

The Chamber expressed its serious concern about the liquidity problem that will be faced and stressed the urgent need for Parliament to vote into law the bill on government guarantees, certainly ahead of its dissolution in the run-up to the May 30 elections. Reference was also made to a number of development projects in Limassol that remain pending, including the Technology Park in Pentakomo.

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