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

PM Mitsotakis: Greece-Egypt’s agreement on maritime zones a national success

Prime Minister Kyriakos Mitsotakis said on Friday that the agreement between Greece and Egypt for the delimitation of their maritime zones, reached on Thursday,...

Cyprus’ President calls on Cypriots to donate food for Lebanon

Cyprus' President Nicos Anastasiades has called on Cypriot citizens, companies and businesses to contribute by donating generously to the campaign for collecting specific kinds...

Cyprus rescue teams begin operations in Beirut

Cyprus rescue teams which are in Lebanon began their operations since 7 am on Friday, in cooperation with a team from Qatar in Beirut`s...

Toddler almost drowned in Paralimni

A 14-month-old girl almost drowned on Friday morning at Paralimni. According to police, it was around 8:30 am when the baby girl who resides in...

Municipalities in partial suspension of payments

The chairman of the Union of Municipalities Andreas Vyras, revealed the dire financial situation in which the municipalities find themselves due to reduced revenues...

Taste

Octopus ‘Kathisto’ (or Octopus braised in Wine)

Ingredients: 1/2 cup Greek extra virgin olive oil 2 medium onions, chopped fine 1 large octopus, about 2kg (cleaned and kept whole) 3/4 cup dry red wine 1/3 cup...

Homemade lemonade

Ingredients: 1 cup lemon juice 1 cup sugar Method: Thoroughly wash the lemons with soap and warm water. Roll each lemon with the palm of your hand, pressing...

‘Striftaria’ mini cheese pies

Ingredients 1 ½ cup milk 2 tbsps. flour 4 tsps. of butter 3 eggs, slightly beaten + 1 extra with 1 tbs. of milk for spreading 1 pack of...

Mini potato canapes baked on salt

Ingredients Serves: 12 1kg small Cypriot potatoes rock salt, as needed 250g salted butter 300ml full fat cremé frâiche 1 pot cod or salmon roe Method Prep:20min › Cook:35min › Ready in:55min Take...