Greek Minister pays official visit to Cyprus

18 June 2008

The Minister of Foreign Affairs of Greece Mrs Dora Bakoyiannis recently paid a three-day working visit to Cyprus.

Mrs Bakoyiannis held a meeting with her counterpart, the Cyprus Minister of Foreign Affairs, Mr Markos Kyprianou. Official talks also took place, involving delegations from both sides.

During her visit, Mrs Bakoyiannis was received by the President of the Republic of Cyprus Mr Demetris Christofias and by the President of the House of Representatives, Mr Marios Garoyian.

The Greek Foreign Minister had meetings with the former Presidents of the Republic Tassos Papadopoulos, Glafcos Clerides, and George Vassiliou. She also had separate meetings with leaders or representatives of parliamentary parties in Cyprus.

Mrs Bakoyiannis was the key speaker at a public debate in Nicosia on “The European Union after the Lisbon Treaty”. The Foreign Ministers of Greece and Cyprus also delivered speeches on “The European Future of a reunified Cyprus,” at a gathering organised by the Paphos Municipality.

The visit and the talks are important for a number of reasons. Including the fact that they help to point out that Greece and the Republic of Cyprus are both members of the European Union and that investment in property in Cyprus are, therefore, protected under European Union laws.

And the possible future reunification of Cyprus -under the aegis of the European Union- would help to improve the economy of the entire island of Cyprus which would, in the longer term, help to lead to renewed economic growth and regeneration in all parts of Cyprus.

So the position of people investing in property in Cyprus (be they commercial or business, or property such as villas or apartments) should be much strengthened. As this is the case, it might be wise to look at investing in properties in Cyprus now, rather than later.