Keravnos: The government promotes and facilitates investments

The government is actively promoting various measures to modernize the existing framework and facilitate investments, Minister of Finance,

Makis Keravnos, said on Tuesday, adding that the aviation sector is crucial to Cyprus' economy, since it contributes to the development to other basic sectors of the economy of Cyprus and supports the Cyprus Connectivity.

In his address at the inauguration of Bird Aviation’s new hangar at the old Larnaca airport, Makis Keravnos said that it is an "important” investment project that serves as a “living example of the confidence shown by investors in the prospects of our country".

The Minister added that the new hangar represents an investment which exceeds 2.5 million euros, reconfirming Bird Aviation’s commitment to continuous expansion in Cyprus.

Makis Keravnos noted that foreign direct investments are not merely capital flows.

"They are key drivers for development, innovation, and collaboration.

They contribute to the creation of quality jobs, the transfer of know-how, and the enhancement of our economy’s competitiveness."

It is for this reason, he said, "the government is actively promoting various measures to modernize the existing framework and facilitate investments."