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Chinese businessmen to invest in Cyprus.

Posted on: 10/23/2015 7:38:01 AM under General News

Chinese businessmen who met with Cypriot officials during President Nicos Anastasiades's visit to China have shown an interest in participating in the process of privatization of state owned operations and in investing in tourism and estates.

The president of the Cyprus Chamber of Commerce and Industry, Phidhias Pilides, announced that the selection of a private provider to smooth the progress of the issue of visas is an additional encouragement to promote Chinese to invest in Cyprus. During the visit Anastasiades stated that a private provider has been selected through a public contest that will open about 15 visa offices in Chinese cities which will accept visa applications.

Pilides also mentioned that Chinese COSCO containers' company is already participating in an tender contest to take over a part of commercial operations of Limassol port.

Cyprus has began a process of privatizing state owned operations, such as port facilities, telecommunications and electricity production as part of its economic adjustment program agreed with international lenders in March 2013.

Source: Famagusta Gazette

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