Shipping is a valuable asset for Cyprus, President stresses

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Shipping is a valuable asset for Cyprus, generating an annual revenue that corresponds to 7% of total GDP, President of Cyprus Nicos Anastasiades said on Tuesday. He also noted that 3% of the total workforce works in the broader shipping industry, while the Cypriot fleet is one of the largest in the world. The President’s address was read by Shipping Deputy Minister Natasa Pilides during the annual meeting of the Cyprus Shipping Association, underlining government support to efforts for the development …

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