Address by the Mayor of Limassol at the opening ceremony of the seminar of Cyprus Arbitration and Mediation Centre, on Monday, 17th November 2014 in Limassol
Your Beatitude, Mr Attorney General,
Ladies and Gentlemen,
On behalf of Limassol Municipality I would like to warmly welcome you all to this seminar and express our deep satisfaction with the fact that the Cyprus Arbitration and Mediation Centre established in Limassol is ready to provide its services to the interested parties.
Our Municipality which was established in 1878 is the largest one in Cyprus and since 1980, the city has progressed into one of the most important commercial ports in the Mediterranean, as well as one of the greatest maritime, tourist, commercial and service centres in the wider region.
Limassol is today the business and financial centre of Cyprus with a large number of local and international companies surrounded by a further network of hotels, restaurants and other venues for entertainment and leisure. The city is therefore constantly in motion, developing even more.
It is important to mention that hundreds of shipping, as well as financial companies have their headquarters in Limassol. Today our city is the largest ship-management centre in the European Union and the fifth worldwide.
Limassol and all of Cyprus, despite the crisis, remain open and welcoming to all. The comparative advantages of our island are still there and continue to be based on the people, our history and traditions, as well as on the experience and knowledge gained during the past 50 years.
It is certain, that by detecting hydrocarbon deposits at the Cyprus EEZ these potentials gain a different dimension.
Crucially, our Municipality has led the evolution of Limassol into a major multi-ethnic, multicultural city where about 20% of our population are expatriate citizens, who became an integral part of local society with considerable contribution in social cultural and economic development of our city. We believe this is a proof of the city’s multinational outlook and welcoming attitude to international corporations using the Cyprus hub as a base for their global activities.
Whilst in Limassol, I also encourage you to explore the city and the traditions of Cyprus. Our city has a long history dating 4000 years back and our region features some of the most well known archaeological sites. The Limassol region is home to some of the most well-known wineries of Cyprus, situated either in Limassol or in nearby villages. I encourage you to therefore use this opportunity for complimenting your stay with a taste of Limassol through the wide cultural, entertainment and recreational opportunities that our city offers.
I wish you the very best for your seminar and thank you for choosing our city for this important event.