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Cyprus is considering updating its tonnage tax system and its pricing policy for the registration of ships as part of targeted measures to enhance the competitiveness of the Cyprus shipping industry, President of the Republic Nicos Anastasiades said on Friday. Addressing a ceremony for the 25th anniversary of Fleet Management Ltd, Anastasiades said that enhancing the strategic advantages of the Cyprus maritime cluster remains a high priority for the government, as “we are all aware that our shipping industry operates in …
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