The tax transformation, issues related to sanctions against Russia, and the establishment of a unified authority to deal with sanctions and money laundering were among the topics discussed during the meeting on Thursday at the Presidential Palace between the President of the Republic, Nikos Christodoulides, and representatives of the Institute of Certified Public Accountants of Cyprus (ICPAC), in the presence of Minister of Finance, Makis Keravnos.

In statements following the meeting, ICPAC President Nicos Chimarides, said that they discussed "economic issues and how ICPAC can help in the overall effort to develop the economy and solve existing problems”.

He said that they discussed tax transformation, issues related to sanctions (against Russia), and the creation of a unified authority that will address sanctions and money laundering matters.

"The meeting was very good, and I hope that we will continue the excellent cooperation that exists", he added.

When asked if any problems were identified regarding the issue of sanctions and if any suggestions were made, Chimarides described the issue as "extremely important" and added that there are government considerations with which "we agree as they are in the right direction".