Head of European Investment Bank (EIB) Nadia Calviño has said that water and housing are the two key challenges in Cyprus and expressed her pride for the European support and impact of European investment in Cyprus.
Calvino was speaking to the press on Tuesday, before a meeting with the President of the Republic Nikos Christodoulides, who attended the joint meeting of the boards of the European Investment Bank and the European Investment Fund, in Limassol.
“I want to thank Cyprus for the warm welcome. We are having a very productive meeting which has allowed us also to see the impact of the investments we finance on the ground,” she said, adding that they have visited student residences in the Cyprus University of Technology as well as the Waste Water Treatment Plant in Limassol.
On his part, President Christodoulides thanked for the support of EIB in Cyprus for a number of projects all these years, adding that Cyprus is looking forward to their future cooperation.
“We are looking forward to our future cooperation, especially on issues of great interest for the Republic of Cyprus like defence and security, research and innovation. We are going to discuss this during our bilateral meeting,” the President noted.
Meanwhile, Calviño said that they have adopted in Cyprus the second phase of the climate road map.
“We will be focusing on projects that contribute to competitiveness and security of Europe. We are going to be doubling investment into adaptation and prevention on the impact of climate change a challenge that is very clear also here in Cyprus and we will be radically simplifying our processes to reduce cost and red tape for companies, particularly Small and Medium-sized companies,” she concluded.