Limassol Chamber of Commerce & Industry – Wednesday, 7 October 2015
B. Saldovere – Sovereign Trust (Cyprus)
Baiba Saldovere, Managing Director of Sovereign Trust (Cyprus), believes that the economy will continue to grow steadily over the next few years. She argues that an investor should invest in tourism, financial services and shipping industries. Moreover, she sees great potential at Cyprus’ first Science and Technology Park.
How do you see the current state of the Cypriot economy? Do you believe that there is potential for further growth? What changes could be made by the government?
There is no denying that the local economy suffered a massive shock a few years ago but the recent upgrade of Cyprus’ rating to B+ by Standard & Poor’s is proof of the success of the recovery process so far. All the data available at the moment indicate that the economy will continue to grow steadily over the next few years which, of course, is very welcome news.
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