SUNDAY, 11 APR 2021

 

CONNECT

Facebook Linked In Twitter
GAP Vassilopoulos
GloriaJeans_266x90px
IMH LTD

EU Blamed In 'Sofagate' Diplomatic Spat

Kadis: 100 Projects Totalling €123 Mln Completed In Paphos In The Last 8 Years

IMH LTD

ECONOMY

Contracts for Development of Paralimni Marina Signed

Contracts for Development of Paralimni Marina Signed

Ministry of Energy, Commerce, Industry and Tourism and PMV Maritime Holdings Ltd signed on January 15 the contracts for the development of Paralimni marina, at the south-eastern part of the island.

Addressing the signing ceremony, Yiorgos Lakkotrypis, Minister of Energy, Commerce, Industry and Tourism said “the construction of the marina will further enrich our tourist product, attracting more tourists in Cyprus.”

He said the contracts signed with PMV Maritime Holdings Ltd provide for a long-term lease and license to use state-owned land and sea in the area of Ayios Nikolaos fishing shelter in Protaras.

With an estimated value of €110 million the new marina is expected to operate by the middle of 2021, with a capacity of approximately 300 vessels, the Cyprus News Agency reports.

Lakkotrypis added that apart from the necessary works related to the operation of the marina, the private investor has the right to construct housing and commercial developments aiming to safeguard the project’s viability and attractiveness.

The Minister noted that with the signing of the contracts, a major step was made today as regards the development of maritime tourism in Cyprus. Furthermore, he said that the new marina will be the second marina in the Famagusta district.

On his part, Mayor of Paralimni Theodoros Pyrillis said the €110-million project will have “a huge positive systemic impact on our economy.”

MORE ON ECONOMY

Billionaires Club: Europe's Wealthiest

The number of billionaires worldwide grew by 660 in 2020, according to the latest annual ...

Official Launch Of The Next Horizon Europe Programme In Cyprus

The official launch of the next Horizon Europe - Programme in Cyprus took place on ...

Ad Hoc Committee On Financial Literacy Begins Work

The Ad-hoc committee on promoting financial literacy in Cyprus began operations analysing ...

FROM AROUND GOLDNEWS

   

World Stocks Hit Record High, Powered by Wall Street

Global stocks hit record highs on Friday, as tech shares on Wall Street cheered receding U.S. inflation fears, with the lack of inflation pressure keeping bond ...
   

Germany To Discuss Potential Sputnik V COVID-19 Vaccine Purchase With Russia

Germany's health minister Jens Spahn announced on Thursday that his country would engage in discussions with Russia for an eventual purchase of the Sputnik ...
   

Infocredit Group-LexisNexis (RELX Group): A Stronger Alliance

Infocredit Group and LexisNexis, subsidiary of multinational company RELX Group and leading global provider of legal, regulatory and business information and ...
   

EnergyIntel Group Signs Contract With Voici La Mode Group

The EnergyIntel Group announces the signing of contract for the PayGreen Energy Saving Solution with one of the biggest retail Companies in Cyprus, Voici La ...
   

Yiannis Karousos Commends Sabaton's Presence In Cyprus

More international companies and organisations declare their trust to Cyprus Post Office services, said Transport, Communications and Works Minister Yiannis ...
   

Hellenic Bank Releases Financial Results For 2020

Commenting on the Group’s financial results, Phivos Stasopoulos, the Group’s Interim Chief Executive Officer, stated: “Hellenic Bank has ...
   

Seabourn Cruise Line Adds Cyprus To Its Programme

The Shipping Deputy Ministry announced on Thursday the inclusion of Cyprus in the Seabourn Cruise Line`s programme, which is a member of the Carnival Cruise ...
   

Turkey Blames EU In 'Sofagate' Diplomatic Spat

What began as an attempt to repair tense EU-Turkey relations has turned into a diplomatic spat that has been dubbed "sofagate". When European ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

Nicosia_Economic_Congress_26/01-20/04
GoGordian_29/01-18/06_300x250PX

IMH LTD