How Cyprus-Greece ferry link will operate

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How Cyprus-Greece ferry link will operate
 © FinancialMirror 2020

By Zacharias Kapsis

The European Commission has decided the maritime passenger route between Cyprus and Greece is a general economic interest service under current EU rules and can thus be supported with state/government funds.

After months of discussions with the EU’s DG Competition, that started in July 2019, the Shipping Deputy Ministry managed to secure approval for maximum state aid of €6 mln annually to reinstate the Cyprus-Greece ferry connection.

It was discontinued in 2000 after a sharp drop in the price of airline tickets, which...

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This article was automatically added to our system 18-9-2020

How Cyprus-Greece ferry link will operate

The contents of this article including any associated images are © FinancialMirror 2020
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Article Tags: cyprus, greece, ferry, operate,