Germany's Schulte Group has reiterated its long-term commitment to Cyprus in a top level meeting on the island.

Chairman Heinrich Schulte held talks with Cypriot president Nicos Anastasiades at the presidential palace in Nicosia on 11 June, the group said.

He was accompanied by his son Johann, as well as Yiannis Sykas, CEO of newly formed shipping fund Hanseatic Capital Management (HCM), and Charis Charilaou, director of Bernard Schulte (Cyprus).