Cyprus Finance Minister: ‘The casino will attract hundreds of thousands of tourists’

The government is handing over a modern, more dynamic tourism product that has the capacity to further develop, said on Tuesday Finance Minister Constantinos Petrides in addressing the 44th Cyprus Hotel Summit and Exhibition organized by the Hoteliers’ Association.

He said it is notable that we are at this point after what the government took over at a time of great crisis ten years ago, adding the government’s main concern is to help one of the most significant industries on the island.

“The government”, he said, “appointed the best consultants on the issue because Cyprus deserves the best, with the creation of a casino to serve as a point of reference for the entire Eastern Mediterranean and the EU. It will also serve to attract six-digit numbers as regard quality tourism”.

Regarding the creation of the Deputy Ministry of Tourism, he said through the Parliament, the government is convinced that a semi-government organization cannot manage the tourism sector.

Petrides talked about the increase of air routes with over 40 destinations such as Scandinavia, Hungary, Poland and Israel.

He also pointed out the significance of Strategy for Tourism, adding that Cyprus is not merely sun and sea but has great potential in other tourism aspects.

He said that although the contribution of tourism to the GDP has decreased, the real value of tourism has increased, i.e. arrivals and per capita income. However, other sectors of the economy have also developed.

I am proud that this government is delivering a tourism package which is more modern, updated, more dynamic and with the assurances that it can evolve even further”, he added.

The Minister also thanked the Hoteliers’ association for its cooperation with the government over the past ten years.