InBusinessNews reports that a Russian investment group is planning a multi-million Euro tourist project in Paphos that includes a marina for small boats, hotel, seaplane landing and take-off facilities and a series of recreational developments.
Apparently the Russian investment group presented their plans to Savvas Vergas, the Mayor of Paphos, almost a month ago. It seems that interest in the project arose after the FIABCI world conference that took place last May in Paphos.
When Mr Vergas was interviewed by InBusinessNews he declined to reveal many details of the proposed project. But he did say that the potential investors wanted to see a willingness by the local authority to assist in obtaining the necessary permissions required to implement the project.
According to the report, Mr Vergas has accepted an invitation to Moscow to attend a screening of the project and will be launching a new restaurant called “Old Paphos” in downtown Moscow later today.
Rest assured, IF this project sees the light of day and IF there’s any jiggery-pokery with planning issues, title deeds, etc., Mr. Vergas and his chums will end up as integral parts of the concrete supports of the Moscow to Smolensk highway.
For the Russians, the interminable drudgery of the Paphite courts is not an option…
@Jim – “I hope it’s not another Mickey Mouse project like the one that was to be built at Pyla by Russian investors.”
I’m a bit behind the news here. Are you talking about the Oroklini ‘Disneyland’ style theme park I nicknamed “Dysniski”?
Am I to take it from the past tense that this project is canned then?
What was the actual reason and firm decision – does anyone know?
@Costas Apacket. An offer they cannot refuse?
Obviously the “Russian Delegation” are more important than I am to Mr Savvas Vergas Mayor of Paphos. On the last three occasions I have attempted to contact him I have not had the courtesy of a reply.
Selling the soul for a few pieces of silver springs to mind. Forget learning to speak Greek, learn to speak Russian and remember it is Stolishnaya not Commandaria.
I wonder what the Russsians will have to do to ensure they get “a willingness by the local authority to assist in obtaining the necessary permissions required to implement the project.”
Now…let me think….!
I hope it’s not another Mickey Mouse project like the one that was to be built at Pyla by Russian investors.