CYPRUS: Ports can help boost growth and jobs

The ports of Cyprus can significantly to economic growth and to the decrease of the unemployment rate, Transport Minister Marios Demetriades said after visiting Saipem’s Castoro Sei pipelayer platform, anchored at the port of Limassol.

The Minister noted that the platform’s six-month stay at the port of Limassol – to be used on the Zohr hydrocarbon reserve project in Egypt – proves once again the importance of the Cypriot ports for the economy and the high quality of services they offer.
“I believe that with the new year, when the new operators will take over (the port of Limassol), we will enjoy more success,” he said, adding that “what matters is to have business coming to our country, creating jobs, and revenue, because it is the only way to further reduce unemployment,” he said.
The Minister that “we are now at levels before the peak of the crisis and I believe that the ports can significantly contribute to this effort”.

Source: financialmirror.com