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Forbes Magazine Hosts Cyprus Business International Trade Delegation

March 2015


(l to r) Christopher Forbes: Vice Chairman of the Forbes Publishing Company, Chamber Chair Cynthia DiBartolo: & Chamber CEO Mark Jaffe
Christopher Forbes, the Vice Chairman of the Forbes Publishing Company (Forbes Magazine) hosted the Cyprus Business International Trade Delegation Luncheon at the Knickerbocker Club. The timely event comes after a December 2014 publication by Forbes Magazine entitled "Cyprus: Moving Forward" which reported on the Cyprus recovery and its advantages for foreign investments. The event was organized with participation of Cyprus Invest, Cyprus Tourism Organization and the Bank of Cyprus and included a Cypriot delegation that was led by Yiorgos Lakkotrypis: Minister of Energy, Commerce, Industry and Tourism. Speakers discussed pre and post bailout, the current efforts being made to revive the economy, hopes for the future and news regarding partnership prospects in Cyprus. Cyprus is currently recovering from a financial crisis that threatened worldwide markets. Recovery efforts include infrastructure and industry improvements in areas such as telecommunications, electricity, the national lottery and tourism. Significant progress to industry recovery has been made in large due to American investors. With continued investments made by American companies, there is hope that Cyprus will witness economic growth in 2015 onwards. Present were representatives and members of the Greater New York Chamber of Commerce, the Business and Labor Coalition of New York, the US Department of Commerce, American, Cypriot and International Business and civic leaders and representatives from the financial, tourism and investment industries.