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22 May, 2024
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Cyprus and UK businesses join forces in new strategic partnership

GBCY and Standardization Organization to forge new alliance

Source: CNA

The Cyprus Organization for Standardization and the Great Britain-Cyprus Business Association (GBCY) have announced a new strategic collaboration.

According to a press release, GBCY, the business association that helps create business relationships and enhance business opportunities between companies established in Great Britain and Cyprus, and CYS (Cyprus Organization for Standardization), the national standardization body in Cyprus, have announced a new strategic collaboration.

It says that Director of Standardization of CYS, Pambos Kammas and the Founder and President of GBCY, Savvas Kyriakides met on the 5th of January 2024 to identify the specific areas of this new engagement.

"This strategic collaboration represents a significant step forward, as it aims to support GBCY’s members by using the services and solutions offered by CYS. The alliance has the potential to help corporations in all sectors accelerate progress to a safer and more sustainable future as well as enhance competitiveness and performance" it says.

In particular, it adds, the collaboration is designed to bring GBCY’s members multiple benefits, such as elevating networking opportunities among key players in the standardization arena, access to sector specific trends and current information on market led standards to improve the quality, safety and integrity of their products, services and processes.

Furthermore, it notes that through this collaboration stakeholders will capitalize on the opportunity of participating to local and international business events, webinars and trainings. Sharing knowledge through the use of best practice standards assists in improving performance, grow sustainably, manage risk and ultimately become more resilient in this ever-evolving business landscape.

"This new collaboration is aligned with GBCY’s commitment to promote networking opportunities for corporations based in Great Britain and in Cyprus. Consequently, the announcement is in line with CYS’s vision “to constantly upgrade the quality level in all sectors of the economy and society through the promotion and implementation of standards”" it points out.

Finally, the press release says that GBCY and CYS are natural partners with a shared objective and are prompt to create a robust and scalable strategic collaboration, ultimately strengthening synergies among stakeholders.

Cyprus  |  economy  |  Britain  |  market  |  business

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