Energy Minister expressed support for the rapidly growing logistics sector.

Cypriot Minister Michalis Damianou emphasized the crucial role of supply chain and logistics for Cyprus's economic growth and competitiveness at the IN Business Supply Chain & Logistics Awards. He highlighted the government's support for investments promoting digital transformation, innovation, and the green transition within the sector. Damianou noted that the logistics sector is a vital pillar for trade, industry, exports, and overall economic competitiveness. Cyprus's strategic geographic location and global trade developments create favorable prospects for the growth of transit trade and supply chain activities. The government is working to enhance conditions for Cypriot entrepreneurship and address challenges limiting the sector's export potential.