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Demetriades: Cyprus Shipping Proved Resilient Amidst The Covid-19 Crisis
December 6, 2020
The Cyprus shipping industry has proved resilient amidst the coronavirus pandemic and the aim is for the sector to grow even further in the future, Deputy Minister for shipping Vassilis Demetriades has said.
Presenting the Deputy Ministry’s budget for 2021 to the parliamentary committee for finance and budgetary affairs, he said shipping has immense potential, noting that the approval of Cyprus’ tonnage tax system by the European Commission for the next ten years creates conditions of stability for the Cyprus shipping industry.