The recent announcement of the government’s supportive measures to the T/C aroused strong reactions from the business world of the island. On his interview to StockWatch, Honourary Chairman of the Cyprus Chamber of Commerce and Industry, Fanos Epifaniou said that the measures were decided by the government without consulting or even informing the Cyprus business world and without taking into account the bonds of CCCI with the T/C Chamber of Commerce. “The T/C Chamber has played an important role in the process of the T/C exports and the issue of certifications”, he noted.
Mr. Epifaniou also expressed his fears about the impact of the rejection of the Annan Plan to the Cyprus economy.
With regard to the government’s plan to impose a VAT on properties, Mr. Epifaniou said that this would affect negatively the island’s property market, however, constructions will continue to soar in view of the Cyprus accession in the EU.
Mr. Epifaniou also expressed his fears about the impact of the rejection of the Annan Plan to the Cyprus economy.
With regard to the government’s plan to impose a VAT on properties, Mr. Epifaniou said that this would affect negatively the island’s property market, however, constructions will continue to soar in view of the Cyprus accession in the EU.