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Statement of the Minister of Transport, Communications and Works for the approval of the bill for the establishment of a Deputy Ministry for Shipping


14/07/2017

The Government and I personally welcome the decision of the House of Representatives to vote in favor of the bill for the creation of a Deputy Ministry for Shipping.

Cyprus shipping is beyond doubt a huge capital for Cyprus. Our duty is to ensure that Cyprus shipping has all the necessary means to cope with the challenges of the international shipping industry, while remaining competitive. The upgrading and strengthening of the shipping administration will help towards this direction.

The Deputy Ministry for Shipping will have the authority to handle all issues related to shipping. The ultimate goal is the flexibility and speed of decision-making, the improvement and upgrading of state services provided, the promotion of the Cyprus flag and the strengthening of the cooperation with the private stakeholders involved, with the aim of strengthening Cyprus shipping and its consolidation as a modern and global shipping service center.

With the creation of the Deputy Ministry, the commitment of the President of the Republic is not only materialized, but an important sector of the Cyprus economy is significantly strengthened, as shipping is estimated to contribute around 7% of the country’s GDP.

I would like to thank the political parties, who have recognised that shipping is one of the main pillars of our economy and have supported the creation of the Deputy Ministry.

I would also like to thank the Cyprus shipping industry, which not only embraced this initiative, but supported every attempt by the Government to create the Deputy Ministry.


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