• A recent announcement revealed that the Euro will be introduced in January 2008.
• Two new International Airports are in the pipeline! In 2009 the new Pafos airport will be complete.
• Ten new golf courses are planned island-wide.
• Four new marinas are planned across Cyprus. Pafilia Property Developers have announced that they have formally placed a bid for the new Pafos Marina, near Coral Bay, which will boast a staggering 1,000 berths!
• Works will soon begin on the transformation of Pafos Harbour, with a pedestrianised promenade.
• A new highway linking Pafos and Polis will dramatically reduce travel times.
• A beach improvement scheme will further raise the standards of Cyprus' plentiful blue flag beaches.
• Cyprus already has one of the highest employment rates in the EU, but new enterprises will create thousands of new jobs on the island!
• There are a growing number of familiar UK High Street names in Cyprus. The latest additions to Pafos are Starbucks and Debenhams, and the existing Marks & Spencers has recently been extended and now includes a food department.
• The German supermarket, Lidl, will be opening a chain of branches across the island soon, and market whispers speculate that Ikea and Tesco could soon follow suit.
• Rumour has it that increasing competitiveness will lead to a price war between supermarkets, meaning that prices will be brought down.
The view from my terrace in Peyia looking down on Coral Bay. If you fancy a view like this every evening, contact my son:
Bob Cossons bobcossons@aol.com
+357 966 12123
