The Larnaca Cruise Ship Port & Marina will soon be a reality!


After years of a slow burning tender process, at last the Government is close to signing a landmark agreement with the Zenon Consortium for Larnaca concerning a €700 million euro port and marina development.

Dinos Lefkaritis, Executive Finance Director of Petrolina said that “We are now in the final stages and hope that an agreement will be signed soon between the Consortium and the Government”

The Consortium itself is comprised of Petrolina, Paraskevaides Group, Iacovou Bros and GCC construction companies. It’s possible that other companies might join the consortium, he added.

The project will feature:
  • An overall improved and expanded port
  • A deepening of the port & lengthening of the quay to accommodate cruise ships to dock
  • Connecting roads 
  • Parking, a marina
  • A surrounding area with shops
  • Hotels
  • Recreation facilities
The concept was initially proposed whey back in 2011 and was to the detriment of the city repeatedly postponed due to difficulties in reaching certain agreements linked to services and securing financing. It's important to keep in mind that the entire area was earmarked for development is actually government-owned.

The scope of works will take 3 to 6 years and is expected to cost around €60 million euro. The main phase of the project accounts for more than €600 million euro and consists of the commercial, residential and recreational area, which is planned after this initial upgrade of existing facilities.

The Port & Marina project is a much needed initiative for the city and will likely transform the fortunes of Larnaca!

Larnaca Municipality SMS parking ends


"As of Wednesday, July 1, you can no longer pay for Larnaca Municipality parking via a mobile phone using SMS, it was announced on Tuesday.

In a written statement, the Municipality also said that “as of July 1, 2015, CyTA will put an end to SMS parking operations.”

And that the Municipality is now considering a computerized system of parking operation and will inform the public promptly.

SMS parking provided that the cost of the parking service was charged on the telephone bill of the user.

And the cost depended on the amount charged for the specific parking period that the owner of the parking service charged."

Source: Cyprus Weekly

Low cost Virtual Office Cyprus Package, ideal for small businesses and people with second homes


In a positive reaction to the recession a new service is available for small businesses and individuals with the possibility to avoid expensive office costs through the Virtual Office Cyprus Package for only €60.00 + V.A.T. per year!

Virtual Office is ideal for:
  • Having a prestigious address only 7 minutes from the Larnaca International Airport and close to the American Academy 
  • Managing correspondence and ensuring important mail is received via a reliable service 
  • Maintaining privacy with regards to confidential correspondence 
  • Receiving courier packages as well as gift parcels through Amazon / EBay etc. 
The Package Includes:
  • Collection and signing for mail and parcels 
  • Forwarding of mail and packages, local rates apply (Deposit of €20.00 required)
  • Mail can be scanned and forwarded by Email. Access to our wide ranging Supporting Services
Special Offer: Collect your Mail and service is Free!

For more Information Contact: 
Email: customer.service@virtualofficecyprus.info
Tel: 70000667
Skype: Virtual.Office.Cyprus

€20 million in new job subsidy schemes


The Labour Ministry is expected to announce on Friday a €20m investment that aims to tackle unemployment and boost economic activity using three different schemes.

With an €8m budget, the first scheme sets out to offer incentives to small retail sector businesses that employ up to four staff to introduce unemployed people to their workforce.

The second scheme deals with offering work experience in different businesses and organizations to unemployed youths that are high school, lyceum or technical school graduates and higher education students in their second year. The budget, undertaken by the Human Resource Development Authority (ANAD) comes to €4m.

Applications can be submitted from June to August 31.

The last scheme with a €8m budget, also from ANAD, aims to offer unemployed recent graduates work experience in businesses and organizations. Applications are open from May 25 until July 31.

Applications for the first scheme undertaken by the labour ministry can be found at www.mlsi.gov.cy/dl and should be submitted to district and local labor offices between May 20 and June 19.

ANAD applications can be submitted electronically at www.anad.org.cy or at local offices.

Source: Cyprus Mail
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