Cyprus is the tenth largest investor in Slovakia but there is still a lot of room for improvements, the Cypriot ambassador to Slovakia, Marios Kountourides, told the TASR newswire on November 10.
"I hope that I will act as a catalyst to promote investments in both directions," said Kountourides. The ambassador pointed to the qualified and versatile workforce and a high level of services in Slovakia.
"Slovakia offers a great opportunity for investments. And the importance of the physical presence of the Cypriot embassy in Bratislava is to make this known to Cypriot businessmen," he stated. The ambassador said there are some 20 Cypriot companies active in Slovakia with "more have to come". He highlighted mining and the chemical industry sectors as attractive.
Kountourides also said that Cyprus is an attractive location for doing business, stating that the island has a favourable position between the Balkans, the Commonwealth of the Independent States and Europe. Cyprus also offers a highly educated and versatile labour workforce, developed infrastructure and communication networks according to the ambassador, adding that most of all it is well-known for its low taxes. This is one of the reasons why there are around 450 organisations or shareholders of Slovak nationality registered in Cyprus, he said.
Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.
11. Nov 2010 at 10:00