Cyprus President Christofias to convene meeting to review economy

President of the Republic of Cyprus Demetris Christofias will hold a meeting with government officials to discuss the course of the economy and to review the measures that have been taken to tackle the economic crisis.

Speaking at the Cyprus Chamber of Commerce and Industry annual general assembly, Christofias said that the meeting will examine new measures that may need to be taken.

He appealed to business people to exhibit self restraint and frugality and to make proper use of the procedures that exist in implementing projects.

He expressed the conviction that despite the negative international economic climate, the dynamic of the Cypriot economy will continue in the future, noting the rate of development for 2009 will range between 1.1% – 2%.

President Christofias praised the work which KEVE is carrying out as far as commerce is concerned through the Green Line, adding that he appreciates the chamber’s efforts to develop commerce between the two communities, noting that by “building bridges of cooperation, we are constructing relations of common understanding between the two communities that will have only positive results for a common future in a common country”.