SUNDAY, 24 FEB 2019



Facebook Linked In Twitter

Prodromou: We Expect the UN to Include Guterres Framework, as Clarified by the UNSG

Wicker: The US has Strong Interest in Cyprus' Reunification



brought to you by Deloitte

Lakkotrypis Briefed on Progress of Ayia Napa Marina Construction Work

Lakkotrypis Briefed on Progress of Ayia Napa Marina Construction Work

The Cyprus Minister of Energy, Commerce, Industry and Tourism, Yiorgos Lakkotrypis, accompanied by a large delegation of ministry technocrats and Ayia Napa Marina CEO, Stavros Caramondanis, visited the site of the flagship project on Monday July 9, and was briefed on the progress of construction work.

As witnessed by Lakkotrypis during his tour around the grounds, the main jetty is in the final stage of construction, while preparations for the erection of one of the two impressive towers to be built in Phase 2 are already underway. The two towers will feature 190 spacious, luxurious apartments, along with 29 luxury villas, coupled with select shops and restaurants.

During the minister’s informative visit, special emphasis was placed on the cutting-edge technology used in construction and the highly skilled labor that has been drawn upon. As Caramondanis emphasized: “The unique approach, the attention to detail, and highly specialized human resources are the foundations upon which the Ayia Napa Marina is built.” He added that the Ayia Napa Marina is a one-of-a-kind project in the whole of Europe, with pioneering technology used in the construction of the marina and other areas.”

Referring to the ongoing effort to attract foreign investors, Caramondanis noted that the project has already gained international fame, through a series of successful promotion campaigns, with high interest from prospective buyers and investors. He also revealed that 55% of the Eastern Tower has already been sold.

Lakkotrypis expressed his satisfaction with the progress of construction, with emphasis placed on upgrading the island’s tourism product by investing in nautical tourism, with the creation of marinas and berths like the Ayia Napa Marina all along the coastline of Cyprus, aimed at attracting year-round high-quality tourism.

“The infrastructure created will greatly contribute towards desired sustainable economic growth while creating new jobs,” the minister noted. Referring to the Ayia Napa Marina, Lakkotrypis recognized that it stands as a highly significant development in the Famagusta area, regarded among the most ambitious projects in Cyprus to date.


Leptos Estates 15th Annual Staff Blood Donation

“Every Blood Donor is a Life Saver” was the slogan adopted by Leptos Estates ...

Value of Building Permits Increase 38.1% in January – October 2018

Βuilding permits issued during the period January – October 2018 by the municipal ...



Share of Energy from Renewable Sources in Transport at 2.6% in 2017

The share of energy from renewable sources used for transport in the European Union (EU) stood at 7.6% in 2017, compared with 3.1 % in 2007. Although the ...

Unemployment Falls to 7.6%

Unemployment in Cyprus fell to 7.6% of the labour force in the 4th quarter of 2018, from 7.8% in the 3rd quarter, according to the Labour Force ...

Confusion Among Businesses about Benefits in Kind

The provision of Benefits in Kind is a practice currently followed by a significant number of businesses across Cyprus, with the aim of both creating an ...

Celestyal Cruises: New Goals and New Itineraries for the Year Ahead

Enjoying a dynamic presence in Greece and Cyprus, Celestyal Cruises, a member of the Louis Group, recently published official results for 2018, highlighting ...

Government Spokesman: No Predetermined Date for ExxonMobil’s Drilling Results

Government Spokesman Prodromos Prodromou has said that the government did not have a predetermined date for the announcement of ExxonMobil’s drilling ...

Trump: US Shouldn’t Block Technology

US President Donald Trump has said he wants the US to become a technology leader through competition rather than by blocking others, the BBC reports. Trump ...

Wicker: The US has Strong Interest in Cyprus' Reunification

Vice President of the Parliamentary Assembly of the Organization for Security and Co-operation in Europe, US Senator Roger Wicker has said that the US has a ...

Cathedral City Firm to be Bought for £975M

Dairy Crest, whose brands include Cathedral City cheddar and Country Life butter, has agreed to be bought by a Canadian company in a near-£1bn deal, the ...