Minister of Transport, Communications and Works Marios Demetriades has said that by year end it is expected that a significant number of development projects will be awarded, which will in turn lead to economic growth.
In statements in Paphos, Demetriades recalled that the projects announced recently by President Nicos Anastasiades were worth over half a billion euros, while in Paphos alone they were of the order of €60 million.
He said that by year end it was expected that a significant number of projects would be awarded so by the new year Cyprus should witness economic growth.
Referring to flights to and from Cyprus, Demetriades said that currently the number of flights to and from Cyprus had increased by 3.5 per cent, despite a drop in tourist arrivals from Russia. The increase, he estimated, would continue until the end of the year.
In Paphos, flights had increased by 20 per cent he said.
Referring to the efforts underway by the ministry of energy, commerce, industry and tourism, he expressed the hope that hotels would remain open during the winter season.
Last Thursday Anastasiades announced new projects worth €64 million for Larnaca and €95 million for Famagusta.
In early July he had announced development projects of €147 million for Limassol, while in June he announced projects worth €60 million for Paphos, and €174 million for Nicosia.