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Positive image of Pafos in 2022 in all sectors of the economy

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The Director of the EBE stated that 2022 was a very good year

Paphos presented a positive image in 2022 in the pioneering sectors of its economy, the tourism industry as well as the land development and construction industry sector, according to Marinos Stylianou – Secretary/Director of EBE Paphos.


In his statements to KYPE, Mr. Stylianou stated that 2022 was a very good year for the city's economy despite the unfavorable situations that preceded it and which continue to affect us negatively.

According to Mr. Stylianou in 2022 Paphos had very good occupancy rates in its hotels mainly due to the increase in British tourist arrivals and it is presented as a very important year of recovery of the tourism industry since Paphos managed to reach about 85% of arrivals and about 90% of incomes of the year 2019.

At the same time, the catering sector, which is directly intertwined with tourism, managed to reach very good levels, he added.

He also pointed out that significant mobility was also recorded in the real estate sector in the province of Pafos, as it appears from the according to data from the Land Registry, there was a significant increase in the filing of sales documents for 2022 compared to 2021.

Sales also moved in quite high numbers, while at the same time buyers inside and outside the EU have also increased, completed.

This, according to Mr. Stylianou, is reflected both in the total number of transactions (3,593) and in their total value, which amounted to €890.4 million. At the same time, he said, it cannot not to comment on the fact that the province of Paphos managed to absorb approximately 1/3 of the total transactions involving residential units.

Finally, services moved at satisfactory levels while trade and in particular supermarkets etc. they also fibered at very good levels, he concluded.

Source: www.kathimerini.com.cy

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