Why MEP Geadis Geadi is working to reduce bureaucracy for businesses and improve Cyprus’ good name abroad

"The focus of our policies is the safeguarding and strengthening of the primary and secondary production sector, since production is the backbone of a healthy economy", says MEP Geadis Geadi of National Popular Front ELAM and the European Conservatives and Reformists Group (ECR).

In an interview with InBusinessNews, Geadis at the same time underlines that his aims - among other things –include the reduction of bureaucratic obstacles for businesses and the improvement of the tax climate.

Geadi notes that in collaboration with his colleagues at the ECR, he will focus on promoting policies that will enhance economic growth and prosperity at a pan-European level, which - as he points out - will also have an impact on domestic economy of the Republic of Cyprus.

Geadis Geadi characterises a “bad name” and corruption as Cyprus’ biggest problem on a financial level, which, as he indicates, have tarnished the country’s name in Europe.

"Cyprus is now, for many, not considered to be an ideal destination for productive foreign investments by serious large investors. Therefore, we need to improve our name abroad," he emphasises.

The ELAM MEP further notes that the strengthening of technological development and the promotion of research could lead to significant economic growth by creating new jobs and improving the competitiveness of Cyprus in the international market.

How do you intend to contribute to strengthening the economy of Cyprus with your presence in the European Parliament?

In collaboration with my colleagues from the ECR, I will focus on promoting policies that will enhance economic growth and prosperity at a pan-European level, which will of course also have an impact on the domestic economy of the Republic of Cyprus.

For example, in the ECR, we will work for a common agricultural policy that will ensure sustainability in food production in the EU, thus contributing to affordable prices, I repeat, at a pan-European level.

This example highlights our commitment to policies that support both the European economy as a whole and the Cypriot one.

We emphasise that the focus of our policies is the preservation and strengthening of the primary and secondary production sector, since production is the backbone of a healthy economy.

In addition, through the fight against bureaucracy, we should support start-ups and young entrepreneurship in general. Also, the promotion of Cyprus as a country that could be a base for productive innovation and technology companies.

Another important area could be the financial services sector as well as the tourism sector, where we can do even more to strengthen European tourism and the exchange of knowledge and partnerships.

An example is for Cyprus to strengthen and capitalize on tourism with Greece, with joint tourist packages.

The private sector is a key factor in the economy. What specific actions do you intend to take to boost businesses operating in the country?

The private sector is certainly a very important factor for the economy. After all, our approach is the mixed economic model.

We believe that the utilisation of connections in the European Parliament to achieve possible cooperation and exchange of knowledge between Cypriot innovation and technology companies with European bodies and companies, with similar activities, would make a decisive contribution.

But what I would like to underline is that the Government and the relevant Ministries must be able to utilise European grants for Cypriot companies.

There could well be a special office that would be able to direct the companies, put them in the right places and take the right actions in order to draw on the huge European funds that are available.

(Source: InBusinessNews)