Lebanese-Cypriot Business Council launched by CCI

The Chamber of Commerce, Industry, and Agriculture in Beirut and Mount Lebanon launched the Lebanese-Cypriot Business Council today.

A Cyprus-Lebanon Business Forum will be held on February 19 in Limassol. George Chehwan, Chairman of the newly formed Council, said that this will be an occasion to know more about business opportunities in Cyprus. All business persons who have companies in Cyprus or aim to enter this market are invited to participate in the forum and to become members of the council.

Chehwan said: “The council aims to develop business between both countries.” He said that there are large Lebanese investments in the tourism sector and in banking, as eleven Lebanese banks are operating in Cyprus with deposits exceeding $5 billion. Chehwan said that Cyprus would be a gate for entering Europe.

The council will work on boosting economic relations by helping investors and business entrepreneurs to cooperate and explore new opportunities. The council will also be responsible for developing trade and providing business entrepreneurs with the required information about investment opportunities, laws, regulations, and financial tools.

The board of directors comprises 15 members including, Jamil Merhej, Chairman of Merhej Group, David Issa, Assistant General Manager of Finance Bank, Kassem Hamoud, Chairman of Hamoud Co. for Trade and Contracting, and Samer Saliba, General Manager of Mike Sport.