Investor Call For Paphos Marina Project: Strategic Opportunities Amid Legal Delays

by THEFUTURE.TEAM

August 27, 2025

George Mais, President of the Paphos Chamber of Commerce and Industry, has confirmed that the much-anticipated investor tender for the Paphos Marina at Potima is on the horizon. Expected to be announced in late August or early September, this initiative comes after a series of legal reviews delayed the original June timeframe.

Strategic Joint Ventures And Comprehensive Preparations

According to Mais, the Deputy Ministry of Tourism is on the verge of releasing the tender documents. He emphasized that careful preparation for the joint ventures is essential. Broad investor participation is anticipated, ensuring that the best proposal is ultimately selected. This approach intends to substantiate the project by attracting proposals that not only meet legal standards but also demonstrate strong market potential.

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Legal Reviews Delay Key Timelines

The delayed announcement underscores the complexities associated with public contract management. Initially planned for June, the tender was postponed to accommodate necessary legal checks—a process that, while causing delays, aims to fortify the project’s structural integrity and compliance standards.

Infrastructure Setbacks And Contractual Challenges

Beyond the marina project, Mais noted that the new Paphos–Polis Chrysochous road is also facing significant delays. These setbacks have emerged following Aktor’s appeal to the tender review authority after losing the contract. The situation is further complicated by repetitive contractor appeals, which, according to Mais, may lead to subsequent delays. This scenario illustrates the recurring challenges in public works procurement and the critical need for a defined governmental strategy to overcome these hurdles.

Overall, the upcoming call for investor interest not only signals a promising opportunity for strategic partner collaboration but also reflects broader issues related to regulatory processes and infrastructure development in the region.

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Cyprus Tourism Shows Strength As Clean Monday Hotel Bookings Surge

by THEFUTURE.TEAM

February 18, 2026

Hotels Embrace A Bright Outlook

Recent figures point to growing momentum in hotel reservations ahead of the Clean Monday weekend, signaling renewed confidence in Cyprus’ tourism sector. Christos Angelides, Director of PASYXE, emphasized the positive trend while also underscoring the need to gradually extend the tourism season beyond traditional peak months.

Favorable Conditions And Festive Spirit

Angelides noted that bookings recorded during the past weekend reached encouraging levels, a development attributed to multiple converging factors. The return of sunny weather after prolonged rainfall, coupled with the festive aura of carnival events and children’s parades in cities such as Nicosia, Limassol, and Paphos, has motivated many to opt for short getaways. This seasonal momentum is further boosted by the strategic initiatives of local hotels, many of which are curating special menus for Clean Monday events, offering guests an enhanced stay experience by keeping them on-premise.

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Positioning For The Off-Season

Despite the positive indicators, Angelides cautioned that average occupancy rates of 25%–30% highlight the need for continued innovation rather than complacency. He described the current period as part of a longer process of building winter tourism and pointed to opportunities in conferences, corporate events and niche travel segments as potential drivers of year-round demand.

Expanding Air Connectivity and Collective Ecosystem

Industry expectations are further supported by expanded air connections from established markets such as the United Kingdom and Israel, alongside increased routes from Armenia, Romania, Bulgaria, Latvia and Poland. While recovery in the German market remains gradual, broader improvements in connectivity continue to strengthen overall tourism prospects. Angelides added that sustainable year-round tourism depends on a wider ecosystem that extends beyond accommodation to include restaurants, museums, cultural venues and community events.

The Path Forward

Cyprus continues to benefit from strong competitive advantages in climate, accessibility and hospitality infrastructure. With coordinated planning across tourism stakeholders and consistent investment in diversified offerings, the sector is positioned to contribute more steadily to the national economy and support a more balanced, all-season travel model.

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