Facebook Linked In Twitter
Invest Cyprus 30/04-30/03/2019

Syllouris Pays an Official Visit to Hungary

Anastasiades and Tsipras Discuss Bilateral Cooperation and Developments on Cyprus Issue



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.


Paphos Maintains Its Position as The Most Popular Spot to Overseas Buyers and Investors

Paphos is in the lead as the most popular district for overseas buyers from Europe ...

Residential Properties in Cyprus Continue Upward Trend

Residential Properties Index in Cyprus rose by a quarterly 0.6% in the first quarter of ...

The Absolute Blue of the Leptos Group in Greece

In a nutshell Leptos Group has today six new Seafront developments to display all ...



IBM Launches Tool Aimed at Detecting AI Bias

IBM wants to help companies mitigate the chances that their artificial intelligence technologies unintentionally discriminate against certain groups like ...

Perrier Bids Farewell to Summer in the Most #extraordinaire Way

On Wednesday 12th September 2018, Perrier bid farewell to the summer, in the most #extraordinaire way! 150 extraordinaire guests, received an invitation ...

Cyprus Raises €1.5 billion from Ten-Year Bond

The Republic of Cyprus has issued a ten year European Medium-Term Note (EMTN) which was oversubscribed by more than five and a half times.  The ...

Cyprus and Egypt Sign Agreement for Subsea Gas Pipeline

Cyprus and Egypt sign an inter-state agreement concerning a subsea pipeline to carry Cypriot natural gas to Egypt. Cyprus’ Energy Minister Yiorgos ...

Meet the experts at the 2nd Cyprus HealthCare Conference Gala Dinner

The 2nd Cyprus HealthCare Conference Gala Dinner which will take place on 27 September 2018 at the European University Cyprus will combine entertainment ...

Global Fintech Investment Roars Ahead at a Record Pace in First Half of 2018

Global fintech investment reached US$ 57.9B invested across 875 deals in H1’18, a significant increase from the US$ 38.1B invested in all of 2017, ...

12th Cyprus-Russia Gala Organised at the Presidential Palace

The 12th Cyprus-Russia Gala took place at the Presidential Palace in Cyprus on the 15th September 2018 under the high patronage of the First Lady of the ...

Cypriot Documentary ‘The Ghost of Peter Sellers’ Wows in Venice and Telluride

The independent Cyprus feature documentary opened to rave reviews at its World Premiere in Venice last week. Hollywood Reporter calling it “Jaw ...