Speaking during a ceremony honored by the Federation of Employers and Industrialists (OEB), Mr. Pissaridis noted that "the big profits of the company that will exploit natural gas, will inevitably go to the public, so we should be very careful. In my opinion, the only solution is to create a fund for which the Central Bank will be responsible. "
He explained that "technocrats should be responsible and not the Ministry of Finance or the Parliament, so I think that the most suitable is the Central Bank, which will be responsible for investments, expenses and the management of the fund."
As for the public sector, he said he would be able to receive a percentage each year, as is the practice in Norway, where the state is entitled to receive a percentage of 4%.
In the beginning it can get a bigger percentage until some balance of the fund is made.
He pointed out that "the fund could finance some infrastructure projects such as a new port, airport correction and other similar projects which, however, should be named by law."
The Cypriot Nobel laureate attributed the increased electricity prices to the EAC monopoly and suggested the production of electricity from wind farms, photovoltaics and other renewable sources.
Mr. Pissaridis defended the banking system of Cyprus, emphasizing that if a foreigner invests in the Cypriot banks by offering new liquidity, he will have made a very profitable investment. "I have no doubt", he stressed that "the next three years he will leave with a lot of profits".
Referring in particular to the problems faced by banks, he noted that these are not due to mistakes of the past, because, as he stressed, the Cypriot banks correctly penetrated the Greek market and found themselves today with Greek bonds. He explained that it is not only the Cypriot banks that have invested in Greece. Other European banks also invested, he said.
Referring to foreign investment, he expressed the view that the government should give impetus to foreign investment, for which it has begun to lose ground in relation to competing countries.
"The prospects for Cyprus are foreign investment and not tourism because we can not compete with the Greek or Italian islands and attract good tourism either by creating golf courses or marinas," he noted.