Insider Economy Tourism has potential to contribute by 25% to Cyprus economy -Deputy Minister

Tourism has potential to contribute by 25% to Cyprus economy -Deputy Minister

Tourism Deputy Minister Savvas Perdios has said that the tourism industry has the long-term potential to contribute to Cyprus’ economy by 25%.

Addressing the 9th Nicosia Economic Congress Deputy Minister for Tourism outlined his vision for Cyprus tourism.

Long term, he noted, the deputy ministry feels that as an industry tourism has the potential to contribute, directly and indirectly, by 25% to the economy of Cyprus.

This, he added, “shows the magnitude of our responsibility for tourism.”

Perdios noted that during the coming months the ministry will present a holistic approach of actions until 2030, adding that an environmental study will be undertaken to make sure we can proceed.

According to the Deputy Minister the targets set in 2015 provided that by 2030 Cyprus would have around 3 million tourists, distributed by 40% in winter months and equaling income of €7 billion.

Last year, he said, we attracted around 4 million tourists, which marks a 54% increase from 2015, but only 25% of that is distributed in winter months, while total contribution to GDP was not more than €3 billion.

The ultimate mission, the Deputy Minister said, is to “sustainably increase contribution to Cyprus’ GDP in a way that will positively impact our local community.”

In an introductory address earlier, Marios Skandalis, President of Institute of Certified Public Accountants of Cyprus (ICPAC), which organises the congress, expressed the institute’s readiness “to work side by side” with all stakeholders, public and private, “capitalising on each one’s expertise”. According to Skandalis we must all collectively work on a clear vision about the economy of the country.

He also expressed the view that enhanced cooperation between private and public sector is “imperative”.  He said that the key challenge is the overall sustainability and credibility of the economy. This is the time to “put the knife on the bone”, he pointed out, and spoke in favour of reforms and not lukewarm measures. On the effort to combat financial crime, he said that Cyprus should demonstrate its commitment to remain vigilant in the future.

In his address, General Manager of the Institute of Certified Public Accountants of Cyprus (ICPAC) Kyriacos Iordanou expressed the view that the way forward for the Cypriot economy “means doing so in a structured and well-planned manner.”  Iordanou pointed out the need for defined goals in doing things better, more effectively and efficiently, more robustly for the benefit of the public interest and the citizen.

(Cyprus News Agency)

Top Stories

Five new corona virus cases detected out of 2,581 tests

According to the Epidemiological Surveillance Unit of the Ministry of Health 5 new cases of the SARS-CoV-II virus were detected out of a total...

Ministry of Interior on obtaining a Special Entry Permit to the Republic of Cyprus

The Ministry of Interior announced that the requirement for obtaining a Special Entry Permit to the Republic of Cyprus applies only to persons coming...

Measures taken at Cyprus’ airports to reduce passenger congestion

A number of measures were decided on Monday in order to avoid passenger congestion observed at the airports, Yiannis Karousos, Minister of Transport, Communications...

New yellow alert for extremely high temperatures for Tuesday

Yet another yellow alert for extremely high temperatures for Tuesday issued – in effect from 1pm to 5pm. Temperatures are expected to rise to 40°C,...

Mother who killed 12-year-old son in 2019 acquitted by way of insanity

The 40-year-old woman who stabbed her 12-year-old son to death in August 2019 was found innocent by way of insanity and was acquitted by...

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...