FRIDAY, 22 NOV 2019

 

CONNECT

Facebook Linked In Twitter
Leptos_Blue_Marine_23/09-23/11_728x90px
Invest Cyprus 30/04-30/03/2019
IMH LTD

Anastasiades Reiterates His Will and Determination for a Positive Conclusion of Berlin Tripartite Meeting

Natasa Pilides: We are meeting expectations, but competition is very hard

IMH LTD
GAP_Group_2019_468x60px

ECONOMY

Demetriades: Contracts for Larnaca Port and Marina to be Signed in 2018

Demetriades: Contracts for Larnaca Port and Marina to be Signed in 2018

Contracts for Larnaca port and marina project are expected to be signed in 2018, Minister of Transport, Communications and Works Marios Demetriades said.

The Minister visited Monday the port of Larnaca to inspect the work and consultations with potential investors. In statements to the Press, he said that contacts with the investors will be held over the next few days.

“We hope that the process will move as fast as possible to implement this great project that will change the lives of Larnaca citizens," he noted.  

He also said that he was confident the project would proceed because of the quality of the potential investors and added that they are discussing with three foreign consortia. Two of the consortia have already arrived in Cyprus for consultations with the ministry and site inspection.

According to the Cyprus News Agency, Demetriades noted that the decision for the preferred investor will be announced in March and the contracts will be signed in 2018. In 2019 the port and the marina will be delivered to the investor.

Furthermore, the Minister expressed his satisfaction that the volume of work in the ports of Cyprus has increased significantly as a result of the recovery of the Cypriot economy.

Regarding the turnover at the port of Limassol, he said that he expected the state revenues to be between 38 and 40 million euros.

MORE ON ECONOMY

Cyprus' Draft Budgetary Plan is Compliant with the Stability and Growth Pact According to the Commission

The Draft Budgetary Plan of Cyprus along with the plans of Germany, Ireland, Greece, ...

CBC Governor: Smaller Cyprus Banks Should Follow Bigger Ones in Reducing Their NPLs

The smaller Cypriot banks should follow the path set by larger ones in reducing their ...

The 10th Pension and Provident Funds Forum

Aon presents the 10th Pension and Provident Funds Forum, set to take place on the 6 ...

FROM AROUND GOLDNEWS

   

Company Profile: Eurobank Cyprus Ltd

Eurobank Cyprus commenced operations in August 2007 with a banking centre in Nicosia and currently operates a network of 8 banking centres in all cities of the ...
   

EY Cyprus Gold Sponsor of The 5th International Funds Summit

EY Cyprus was one of the gold sponsors of the 5th International Funds Summit, which took place between 10 and 12 November 2019 at the Hilton ...
   

How Many Years Are People Expected to Work?

Following data released by Eurostat, in 2018, the expected duration of working life of people in the EU (i.e. the number of years that 15-year-olds are ...
   

Natasa Pilides: We are meeting expectations, but competition is very hard

Cyprus` Shipping Deputy Ministry, which has been operating for nearly two years, is meeting expectations but competition is very hard, Shipping Deputy Minister ...
   

UBS Unveils Year Ahead Outlook for 2020 and a 'Decade of Transformation'

Amid policy uncertainty, core recommendations include quality and dividend-paying stocks, while emerging industry standards should make sustainable investing ...
   

Hellenic Bank’s Ratings Affirmed with a Stable Outlook

Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has affirmed the LT FCR and ST FCR of Hellenic ...
   

IDEA Shortlisted for the European Enterprise Promotion Awards

The IDEA Innovation Centre had made it to the shortlist for the European Enterprise Promotion Awards organised by the European Commission. IDEA was among ...
   

Anastasiades Reiterates His Will and Determination for a Positive Conclusion of Berlin Tripartite Meeting

Cyprus President Nicos Anastasiades has reiterated his strong will and determination for a positive conclusion of the upcoming tripartite meeting with the UN ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

Tradesocio_23/10-23/11/11_300x250px
Primetel_25/10/2019-25/02/2020_300x250px

IMH LTD