News Local President announces €400 million investments to take place in Limassol until 2021

President announces €400 million investments to take place in Limassol until 2021

President of the Republic, Nicos Anastasiades, speaking during a meeting that took place on Tuesday, 22 May 2018 in the Limassol City Hall, said that a total of EUR 400 million was spent for projects in the Limassol district since 2015, with some of them being underway, while others have been scheduled to be part of the 2019-2021 Financial Framework.

Speaking about new developments that took place in the Limassol district, President Anastasiades made a specific reference to the commercialization of the Limassol port, which, according to President, served to the increase of fiscal revenue, as from January 29, 2017, when private administrator has undertaken, until the first quarter of 218, the government revenue amounted to € 58.9 million, when compared to € 36.4 million for the same period in 2017 and to €34.2 million for the same period in 2016.

The President also discussed about Cyprus’ first integrated casino-resort in Limassol, which is expected not only to attract an additional 300,000 tourists annually but also to further contribute for the creation of approximately 4,500 direct and indirect full time jobs, saying that the foundation stone laying is set for the 8th of June 2018.

Anastasiades added that a temporary casino will operate in Limassol until the casino-resort is completed.

 

 

 

Top Stories

Malta and Cyprus will have Europe’s lowest Covid death rate, study finds

Malta and Cyprus will have the lowest death toll among European countries during the 'first wave' of the Covid-19 pandemic with 19 and 54...

All but one on private jets were medical cases, says ministry

All but one of the passengers who repatriated to Cyprus in private jets were patients who were being transferred from hospitals abroad, the permanent...

Heavy rain, hailstorm lash Nicosia (photos)

Heavy rain and hail lashed Nicosia around midday on Thursday, as the Met Office issued a yellow alert warning of thunderstorms. The alert is in...

Pass the salt: The minute details that helped Germany build virus defences

One January lunchtime in a car parts company, a worker turned to a colleague and asked to borrow the salt. As well as the saltshaker,...

Health Minister extends measures to contain coronavirus spread

The Health Minister, in a new decree, extended until April 30 measures already in force to contain the spread of coronavirus. According to the new...

Taste

Stuffed vine leaves without meat

(Dolmadakia gialantzi) Rinse the leaves and boil in salted water for approximately 10 minutes until soft. Drain and place in some cold water with ice...

Snails with tomato sauce

When the snails are ready, drain them. Fry the onions in the oil and once slightly brown, add the tomatoes. Stir until cooked well...

Sea bream with capers

Clean the sea bream well, add salt and pepper to them and brush them with olive oil. Mix the capers and parsley together as...

Halloumi bread

Sift the flour with the salt into a bowl and mix in the yeast and lemon rind. Make a well in the centre of...