Energy Minister Yiorgos Lakkotrypis has pledged that attracting investments in the island, is the government’s high priority and a bet that we ought to win.

Speaking Thursday night, during the Annual General Assembly of CIPA (Cyprus Investment Promotion Agency), Lakkotrypis said that in order to attract investments , the government needs to follow a very targeted strategy and implement specific measures, among which the economic assistance of CIPA with a further amount of 1.5 million euro.

He also said that it has been decided for CIPA to cooperate and coordinate with Cyprus’ diplomatic missions for the attraction of foreign investments.

Energy Minister Lakkotrypis also said that the government remains determined in restructuring and restarting the economy and the banking system, for foreign investors to regain trust in Cyprus.

CIPA Chairman Christodoulos Aggastiniotis in his address said that Cyprus has entered a new course that will allow her to regain its competitiveness.

He referred to CIPA’s new strategy with the aim to develop new sectors of the economy and attract more investments.

Aggastioniotis noted that the main prerequisite for growth and development is for the banking system to enter a stabilization phase that will allow investors to turn to Cyprus.