After meeting with the international creditors, CEIF Chair Filios Zachariades said that in the meeting the federation also underlined the need for reduction of bureaucracy so that the companies can complete the procedures needed in less time. CEIF General Manager Michalis Pilikos told the press that the environment for the companies should become more appealing and attractive, adding that we cannot afford loosing jobs because of bureaucratic procedures.

CCCI Chairman Fidias Pilides in his statements said that there should be a further restructuring of the public sector in Cyprus, pointing out that this restructuring should have long term results. He said that there should be liquidity in the market adding that the Chamber told the Troika that ‘fresh money’ is needed in Cyprus so that the companies can survive and contribute to the creation of new jobs. As regards the capital restrictions he said that there should be a lift of the restrictions for the internal market, whereas he agreed that the restrictions for capital abroad must continue to apply for a bit longer.

Source: Famagusta Gazette