Chamber bosses highlight economic benefits of a solution

The leaders of the Greek Cypriot and Turkish Cypriot chambers of commerce have highlighted the economic benefits of a solution during a joint interview, according to the Cyprus News Agency.

Cyprus Chamber of Industry and Commerce boss, Phidias Pilidis, and the head of the Turkish Cypriot Chamber of Industry Fikri Toros told Turkish Cypriot Bayrak that the cooperation between the two chambers had played an important role towards building peace on the island.

Pilidis said resolving the Cyprus issue would benefit all sectors of the economy and that the island would become a major investment centre in the region.
He estimated that per capita income would increase 70 per cent in 20 years.
Toros said the benefits “would be innumerable”.

“One cannot expect to compete in an environment of political instability. With reunification, the island will become a centre of economic prosperity,” he said.

The Cyprus Mail is the only English-language daily newspaper published in Cyprus. It was established in 1945 and today, with its popular and widely-read website, the Cyprus Mail is among the most trusted news sites in Cyprus. The newspaper is not affiliated with any political parties and has always striven to maintain its independence. Over the past 70-plus years, the Cyprus Mail, with a small dedicated team, has covered momentous events in Cyprus’ modern history, chronicling the last gasps of British colonial rule, Cyprus’ truncated independence, the coup and Turkish invasion, and the decades of negotiations to stitch the divided island back together, plus a myriad of scandals, murders, and human interests stories that capture the island and its -people. Observers describe it as politically conservative.