Cyprus-Aust1Big success was scored by the Business Forum organized by the Cyprus-Austria Business association, the Cyprus Chamber of Commerce & Industry and the Austrian Federal Economic Chamber of Commerce and Industry in close cooperation with the Ministry of Commerce, Industry and Tourism and the Cyprus Trade Center in Vienna, on the occasion of the official visit to Austria by the President of the Republic of Cyprus Mr Demetris Christofias.

Cyprus-Aust2The President of the Cyprus Chamber of Commerce & Industry Mr Phidias Pilides was at the head of the business delegation.

The Forum, which took place on Tuesday 22 May, was addressed by the Presidents of Cyprus and Austria Messrs Demetris Christofias and Heinz Fischer.

The excellent economic and friendly ties of Cyprus and Austria were stressed at the forum together with the existing prospects for strengthening and further improving the cooperation between the business people of the two countries.

CCCI President Mr Phidias Pilides in his presentation analyzed the advantages and opportunities for investments in Cyprus.

In his presentation the Minister of Commerce, Industry and Tourism, Mr Neoclis Sylikiotis, stressed the strategic position of Cyprus in the energy field on the basis of the new situation following the discovery of natural gas in the Cyprus Exclusive Economic Zone.

Following the conclusion of the Forum business meetings were held between members of the Cyprus business delegation and Austrian entrepreneurs which showed the existing broad prospects for cooperation and as a result various activities were promoted towards this direction.