By Constantinos Psillides
INVESTING in the local economy is the cornerstone of growth and the government will do it’s best to encourage it, President Nicos Anastasiades said in Paphos yesterday, speaking at the inauguration ceremony of the Minthis Hills Golf Resort.
The resort near Tsada, according to the president, employed over 120 people so far with plans for more with the project’s budget close to €600m.
“The government is trying to encourage investments, introduce a number of incentives like facilitating large scale projects and a faster issuing of permits for hotels, golf resorts and casinos, while trying to make it easier for third country nationals to gain permanent residency or be issued passports,” he said.
Anastasiades touch upon the issue of delays when it comes to building permits, after being informed by the resort’s owner that it took seven years for him to finally get permits. “I wonder who that foreign investor is who would wait around for seven years to be issued a permit. I’d like to think that thanks to our improvements this will be a thing of the past.”
Anastasiades praised “Cyprus entrepreneurship”, stressing that under the current financial climate projects like the resort are there to remind people that “Cypriots are determined not just to get on our feet, but to move forward.”