The resumption of the Greek-Cypriot ferry connection will cast off, after 21 years, with the first messages from bookings being particularly encouraging. The first voyage is scheduled for Sunday 19 June from the port of Limassol to Piraeus, while the last for the season will take place on September 16, from Piraeus.
Speaking to OT, the Deputy Minister of Shipping of the Republic of Cyprus Vassilis Dimitriadis, stressed that interest is really great, but the wager is for the line to become viable in the long run. This means without the crutches of state subsidies and perhaps through the inclusion of other destinations such as Israel, according to Mr. Dimitriadis
In addition, Mr. Dimitriadis noted that the low fares of the 30 hour route are much cheaper than shorter routes within Greece.
Scandro Holdings Ltd. Was named contractor for the connection, submitting a bid of 15.59 million euros, while the Cypriot government is subsidizing this line with 16.5 million euros for a period of 3 years (5.5 million euros per year).
The route will be served by the Cyprus flagged passenger ferry (Ro-Pax) “DALEELA” built in 1991.
Latest News
Developing the Blue Carbon Economy in Greece
Can Greece make money by protecting its marine environment?
EIB Appoints Greece’s Ioannis Tsakiris as New VP
Ioannis Tsakiris started the new role May 1 after spending 15 years at the European Investment Fund (EIF) and serving as Greece’s Deputy Minister for Development and Investments
Two Greek Beaches in Top 50 in the World
Both Greek beaches were on the list of the best beaches in Europe too
Eurostat: Greece 20th out of 26 European States in Hourly Average Wage
According to figures released by Eurostat, the Benelux Grand Duchy of Luxembourg, one of Europe’s hubs for finance, is in first place
Greek Property Renovation Surge amid Economic Constraints
This has led to a notable escalation in renovation costs, with average prices per square meter exceeding previous norms and reaching even 1,000 euros in premium locations
RRF: Additional €5.1bln Funds for Subsidies to Greece in 2025
By April 22, funds totaling 5.75 billion euros had been transferred for approved projects of the Recovery Fund to entities within and outside the general government and final recipients
OECD: Greek Economy Resilient with 2% Growth Forecast for 2024
However, the OECD highlights challenges including the need to enhance productivity and fiscal adjustment due to high debt levels.
Challenges and Delays in Greece’s Hydrocarbon Exploration
Sources disclose that the petroleum companies holding the concessions are seeking partners to jointly invest and share the costs of exploration and drilling.
Greek Beach Visitors Can Report Violations on New ‘MyCoast’ App
Greek authorities hope the newly-launched, free ‘MyCoast’ app will help clamp down on public beach violations
BoG Figures Confirm Banner Year for Greek Tourism in 2023
20.6 billion euros in related revenues topped the previous year’s figure by 16.5%