NEWS

Cyprus, Greece and Egypt Increase Cooperation

Cyprus, Greece and Egypt have pledged to increase their political and economic cooperation for the benefit of their people and the wider region.

At a tripartite summit President Nicos Anastasiades, Greek Prime Minister Alexis Tsipras and Egyptian President Abdel Fatah al-Sisi signed the Nicosia Declaration, a three-way framework agreement reaffirming their shared conviction that the discovery of significant hydrocarbon reserves can and must act as a catalyst for broader cooperation on a regional level.

The three countries agreed to explore all possibilities to further enhance the synergies among their economies, with a view to creating a more positive environment for growth, to tackle the challenges of a rapidly changing international economic situation and to jointly benefit from important opportunities arising in the region.

They also agreed to continue working together in the tourism sector with a view to facilitating and enhancing cooperation on joint projects, including the development of joint packages and cruises, the sea connection between the three countries, as regards both cargo and passengers, and initiating co-operation on maritime education and training.

Source: Cyprus Investment Promotion Agency (CIPA)