President Christodoulides visits Paphos industrial area to support domestic manufacturing

On Thursday, November 5, 2026, President of the Republic of Cyprus Nikos Christodoulides conducted an official visit to the second industrial area of Paphos, located in Agia Varvara. During his inspection of the Carpentry Factory, the President engaged with the facility's management and staff to discuss the government's strategic focus on revitalizing domestic industry and increasing exports to reduce reliance on imports and improve the national trade balance.

President Christodoulides highlighted that upcoming fiscal reforms are designed to incentivize reinvestment in the local economy and strengthen Cypriot enterprises. He emphasized the integration of modern technology in manufacturing, noting that wood remains a vital raw material. To address workforce needs, the President underscored the government's commitment to enhancing Technical and Vocational Education, specifically through the establishment of Technical Gymnasiums aimed at attracting young professionals to the industrial sector.

Following his site visit, the government intends to implement new targeted grant schemes to further bolster the productivity of the domestic sector. These initiatives are part of a broader, ongoing effort to maintain the competitiveness of local businesses and ensure the long-term sustainability of the Cypriot production base.