Investors from Cypress interested in Serbian tourism

Investors from Cypress are interested in investing into Serbian tourism and real estate, as it was announced today (February, 24th, 2009) by the Minister of trade and services of Serbia, Slobodan Milosavljevic.

After the meeting with the Minister of trade, industry and toursim of Cypress, Antonis Pashlides, he stated that Cypress representatives were mostly interested in religious and hunting tourism.

- They are interested in investing into construction of touristic capacities and in participating in privatization of hotels, said Milosavljevic.

Milosavljevic also said that it was necessary to improve trade exchange between Serbia and Cypress, and that the space for expansion of this cooperation existed.

- Because of developed tourism in Cypress, there is a great demand for agricultural-food and ready made products, which can be a way to increase the goods exchange, said Milosavljevic.

Pashalides stated that Serbia and Cypress representatives who were doing business in these two coutries should found a joint association and make the cooperation even closer.

- Cypress is ready to improve economic cooperation of the two countries and to help Serbia in each way, said Pashalides.

He also said that for easier business making of investors in Serbia, it was necessary to provide stability of the domestic currency, to make administrative procedures easier, and well trained young managers were needed as well.

In the first 11 months of the last year, Cypress invested in Serbia 5,8 million USD.