Central Bank of Cyprus holds first institutionalised dialogue with business community on Cyprus economy challenges and prospects

The Central Bank of Cyprus convened its first institutionalised dialogue with representatives of the Cypriot business community, launching a programme of regular structured meetings intended to support more targeted policy formulation and strengthen cooperation with market participants. The session brought together the Governor and Central Bank of Cyprus executives with representatives from bodies including the Cyprus Chamber of Commerce and Industry, the Cyprus Chamber of Shipping, Invest Cyprus, the Employers and Industrialists Federation, the Cyprus Hoteliers Association, the Cyprus Real Estate Development Association, the Cyprus Banks Association, the Cyprus Certified Public Accountants Association and Tech Island. Discussions focused on sector-level challenges, growth drivers and structural reforms needed to support growth and competitiveness, alongside the expected impact of adopting artificial intelligence technologies. The Central Bank of Cyprus indicated the institutionalised dialogue will continue with representatives of other key players in the economy, and that the results and key conclusions from this and future dialogues will be published via press releases and on its website.