President Christodoulides addresses the Federation of Building Contractors of Cyprus

On the evening of July 2, 2026, President Nikos Christodoulides attended a dinner hosted by the Federation of Building Contractors of Cyprus in Nicosia. During his address, the President emphasized the government's commitment to transitioning towards a more sustainable development model in cooperation with the private sector. He highlighted that the construction industry plays a vital role in job creation, regional development, and supporting related economic sectors. The President noted that the country is currently undergoing a period of significant transformation driven by modern economic demands and technological advancements. To support this shift, the government is promoting a reform program aimed at modernizing administrative procedures and reducing bureaucratic burdens. Christodoulides stressed that economic growth is a prerequisite for the state to implement targeted social policies. He concluded that a more flexible and efficient state structure is necessary to foster entrepreneurship and attract new investments.