City of London Lord Mayor Visits Cyprus

Description:

The Lord Mayor of the City of London, the Rt Honourable Alderman Ian Luder, visited Cyprus from 26th to 28th January 2009.

He is the head of the Corporation of London and an international ambassador for the UK and its financial service industry.
 

During his three day stay in Cyprus he had meetings with the President, leading local businessmen, financiers and regulators, in a bid to strengthen economic ties between the City of London and Cyprus.
 

The UK is Cyprus's main trading partner and, until recently, the island's main source of tourism.
  

A hot item on his agenda was seeing "how we can deal with the economic crisis together" following concerns that Britons may stop visiting the island or stop buying property here due to the plummeting sterling.
 

"In particular, we talked about the tourist industry. As you know, consumer demand had been weakened by the exchange rate movements. Now Cyprus may have to look at its pricing, as well as how it markets itself abroad." Luder said.
  

Luder described his visit as ' a tremendous success'.