EMPLOYERS & INDUSTRIALISTS FEDERATION
AIMS AND OBJECTIVES
The Employers and Industrialists Federation (OEB) is a pancyprian
independent Organisation representing
the business community of Cyprus. It comprises the 40 main Professional
Associations and 400 major individual enterprises in the Manufacturing,
Services, Construction and Agricultural Sectors of the economy.
OEB is acknowledged spokesman for the business community and is
consulted as such by the Government.
ITS PRINCIPAL OBJECTIVES ARE:
- To define and promote the system of private enterprise and
free market economy which alone offers the best opportunities
for growth with freedom of choice and action for the individual.
- To promote economic development and consequently achieve comprehensive
social progress as quickly as economic conditions allow.
- To keep the balance of power between the business community,
the Trade Unions and other pressure groups which operate within
Cyprus' pluralistic decision-making system.
- To safeguard and promote the interests of its members and
the business community in general.
- To ensure timely completion of the economic and institutional
harmonization of Cyprus with the Acquis Communautaire in view
of the envisaged full membership to the European Union.
OEB was founded in 1960 by 19 pioneering businessmen. Today its
members come from all sectors of economic activity and employ over 60% of the work
force in the private sector; a percentage
which is among the highest in the world.
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