![](\"http:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/02\/limassol-chamber-of-commerce-discusses-labour-shortages-with-minister.jpg\")
Labour Minister Yiannis Panayiotou this week highlighted the importance of a collaborative approach to economic development between the government and the business community, noting that rational and balanced policies can facilitate growth and lower unemployment.<\/p>\n
Panayiotou participated in a three-hour meeting with the Limassol Chamber of Commerce (Evel), as part of a scheduled tour with the Cyprus Chamber of Commerce (Keve), focusing on mutual information exchange and sharing perspectives on issues affecting chamber members across all districts.During the meeting, Evel members raised concerns about challenges in the operation of their businesses, with particular references to the lack of workers and time-consuming public service procedures.In statements made to the Cyprus News Agency (CNA) after the meeting, Panayiotou said that \u201cour country faces significant challenges, but also has substantial prospects\u201d.\u201cTo harness these prospects, allowing our economy to continue growing and our society to become even more cohesive, two-way communication with social partners is essential,\u201d he added.Panayiotou also said that through direct contact with the business community, it is evident that there is a shared approach to the direction in which the country is heading, noting that \u201ceconomic development is facilitated further through more effective public administration, ensuring it is faster and of higher quality\u201d.\u201cThrough dialogue, solutions that are mutually beneficial can be found because for society to thrive, the economy must grow, and developmental planning must maximise the real potential of our country\u2019s creative forces,\u201d the minister stated.Addressing the issue of labour shortages, Panayiotou acknowledged that the \u201ccountry\u2019s economy is growing at rates that have already exceeded demographic capacities, making the employment of workers from abroad necessary\u201d.However, he also pointed out the importance of \u201cmaximising the use of local human resources available, ensuring a satisfactory growth rate for 2024, through appropriate market staffing\u201d.Follow the
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Labour Minister Yiannis Panayiotou emphasized the importance of collaboration between the government and the business community for economic development, advocating for rational and balanced policies to promote growth and reduce unemployment. He met with the Limassol Chamber of Commerce (Evel) to exchange information and discuss challenges faced by businesses, including worker shortages and slow public service processes. Panayiotou stressed the need for effective public administration and dialogue to find mutually beneficial solutions for economic growth. He acknowledged the necessity of employing workers from abroad due to the economy growing beyond demographic capacities but also highlighted the importance of utilizing local human resources to ensure satisfactory growth in 2024.<\/p>\n","protected":false},"author":3,"featured_media":3216,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[186,189,3,356,645,26,27,250,415,839,30,24,148,31,32],"class_list":["post-3215","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cyprus","tag-business","tag-businesspick","tag-cyprus","tag-cyprus-business-news","tag-economic-growth","tag-economy","tag-employment","tag-google","tag-government","tag-labour","tag-labour-minister","tag-limassol","tag-local","tag-unemployment","tag-yiannis-panayiotou"],"acf":{"keyphrase":"","keywords":"","sourceimg":"","country-category":""},"yoast_head":"\n