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Cyprus Backs Greece’s Tourism Bid Amid New EU Synergies

Deputy Minister of Tourism Kostas Koumis met with Greek Tourism Minister Olga Kefalogianni in Athens on 24 February, marking a pivotal step in strengthening regional tourism cooperation. In a focused discussion on enhancing bilateral and multilateral coordination, Kefalogianni secured Cyprus’ support for Greece’s dual bid at the World Tourism Organization—for the roles of Secretary General and Executive Board member.

With the upcoming Cypriot Presidency of the Council of the EU on the horizon, both sides seized the opportunity to explore synergistic partnerships. They delved into shared priorities, such as sustainable tourism development and innovative approaches to mitigate climate change impacts on the industry. The two countries agreed to establish a bilateral cooperation committee to cement these initiatives.

Highlighting further collaborative potential, Koumis expressed Cyprus’ strong interest in partnering with the Observatory for Coastal and Marine Tourism in the Mediterranean—a forward-thinking initiative spearheaded by Greece. This move underscores a mutual commitment to advancing tourism in a rapidly evolving global landscape.

Amazon SAS Advances €4 Million Pharmaceutical Facility in Limassol

Amazon SAS has received the green light from the Environmental Authority to construct a state-of-the-art pharmaceutical manufacturing plant in Limassol, Cyprus. This ambitious €4 million project is set to be situated in the industrious Pentakomo-Monagroulli zone, precisely 620 meters southeast of Monagroulli village.

The construction timeline, as per the environmental impact assessment from September 2024, anticipates around ten months for completion, subject to any unexpected hurdles.

Details of the Facility

The expansive factory will cover 4,405 square meters over three levels. The underground level is designated for parking and auxiliary spaces, the second level will host pharmaceutical production, while the third level will accommodate offices and further auxiliary areas.

Notably, the plant will focus on solid pharmaceutical products like tablets and capsules, aiming for an annual output of 40 to 50 million units. Packaging will be diversified between bottles and blister packs, projecting an annual volume of approximately 10 million packaging units.

Infrastructure and Accessibility

The plant’s infrastructure includes multiple access points, with a controlled vehicle entrance, loading bay, and dedicated green spaces. A total of 50 parking spaces will cater to employees and visitors, ensuring accessibility options. The site will adhere strictly to health, safety, and environmental protocols in alignment with Cypriot and EU standards.

Strategic Significance

This development signifies a significant boost to the local economy, potentially paving the way for further industrial advancements in the region. For insights into how this project fits into broader economic trends, consider exploring Cyprus Housing Market Slows Amid Rising Costs and Regional Divergence.

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