Ayia Napa municipality said on Wednesday it had managed to increase its profits from zero in 2012 to €700,000 in 2013 even with a cut in state aid, no new taxes and no layoffs.
“It is noteworthy that we have achieved this with no additional increase in taxes and without layoffs , while improving the quality and level of services offered to our citizens and visitors,” Mayor Yiannis Karousos said in a written statement.
It was all down to tightening up the municipality’s finances, he said.
“The Ayia Napa Municipality has demonstrated in a practical way to everyone that it is possible to be viable even without being dependent on state aid,” Karousos said. “This is also our goal for 2014.”