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Cyprus: Shipping showing resilience, helping economy The shipping sector showed “tremendous resilience” in supporting the Cypriot economy amid the coronavirus pandemic; President Nicos Anastasiades told the annual meeting of shipowners and shipmanagers. He praised the maritime community in his address to the virtual annual general meeting of the Cyprus Shipping Chamber. “Our country’s maritime sector managed to maintain its competitiveness and has preserved shipping as one of the main pillars of our economy.” Anastasiades said that shipping continues to contribute approximately 7% to Cyprus’ GDP, “significantly enhancing our efforts for the observed recovery and growth of the economy.” He commended the shipping industry “for its leading role in efforts to overcome this unprecedented crisis by keeping supply chains open and maritime trade moving, ensuring the timely availability of essential goods and necessary medical equipment and supplies.”

France generalNicos anastasiadesDeputy ministry forEuropean commissionDeputy ministryCyprus shipping chamberInternational maritime organisation councilPresident nicos anastasiadesCyprus shippingCyprus tonnage tax systemCyprus registryBlue growthCyprus flagInternational maritime organisationPhilippos philisShipping ministry