Increasing revenue helping Ayia Napa residents

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Increasing revenue helping Ayia Napa residents
Added: 07-12-2017 10:22

Over one million tourists have visited Ayia Napa so far this year, while overnight stays in the resort's tourist beds reached five million.

Ayia Napa Mayor Yiannis Karousos says it was not just a good tourist season, but a blessed one for the economy of Cyprus.

The mayor, in an interview with Phileleftheros (Φιλελεύθερος), discussed signs that the tourist season was extending. He stressed that this year the tourist season started in March and was busy until November. He also pointed out that although we are in the first ten days of December, there are still tourists on the beaches and in the centre of Ayia Napa - better than in previous years.

Compared to last year's tourist season, the increase in tourist numbers in the free Famagusta area will exceed 15% for 2017.Increases in visitors from all tourist markets were noted with the largest coming from Britain and Russia.

The mayor, referring to other areas apart from tourism, noted that 2017 was another year of economic rehabilitation for the municipality. The municipality's budget for 2018 forecasts revenues of 17.3 million euros and expenditure of 14.5 million euros - with a surplus of around two million euros.

From 2012 onwards, the mayor pointed out, following a pragmatic policy in adverse economic conditions, the municipality managed to increase its revenue by about five million euros.

It is also important to mention, Mr Karousos said, that the Municipality of Ayia Napa is perhaps the only one in Cyprus that has managed in the last five years to reduce municipal taxation by 26% for the benefit of its citizens. He also revealed that under the same policy of financial relief for the citizens of Ayia Napa, plans for the reduction of collection fees by at least 20% are underway.

He said that the plans of the Municipality of Ayia Napa are that permanent residents would eventually not pay any tax to the municipality. Adding that by taxing hotels and other tourism businesses, together with good management, the revenue generated would be sufficient to achieve this goal.

The surplus revenues, Mr Karousos noted, allow the Municipality of Ayia Napa to promote the development and infrastructure projects it needs. Giving examples he pointed to the reconstruction of the central Tefkrou Anthia Avenue and the conversion of the Monastery into a Multipurpose Cultural Centre and International Conference Centre.

Additional: Phileleftheros
Added: 07-12-2017

Increasing revenue helping Ayia Napa residents

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