Cyprus Chamber of Commerce calls for structured state dialogue on economic competitiveness

On September 11, 2026, the Secretary General of the Cyprus Chamber of Commerce and Industry (KEBE), Philokypros Rousounidis, emphasized the urgent need for a structured, institutionalized dialogue between the business sector and the state. The appeal follows recent public reports regarding a company deciding to exit the Cyprus market, which has sparked discussions about the country's economic stability and investment climate.

Rousounidis stated that the Chamber seeks to proactively address factors affecting the nation's competitiveness, which directly impacts foreign direct investment. He noted that while it is vital to manage such instances, there is currently no evidence of a broader exodus, and urged against public panic. The proposed dialogue aims to leverage geopolitical opportunities and provide a framework for responding quickly to potential company relocations or economic uncertainties. As a formal advisor to the government on trade and industrial relations, KEBE is pushing for a continuous mechanism to identify and mitigate risks before they escalate.

Moving forward, the Chamber hopes to establish this permanent communication channel with the authorities to ensure the long-term sustainability of the Cypriot economy and to secure the existing business base.