The government and Hermes Airports have signed an agreement to stimulate tourism. The agreement, expected to increase tourist arrivals by 3,5 million and revenue by 2,3 billion euros in the next five years, was signed by Minister of Communication and Works Efthymios Flourentzou and Chairman of the Board of Directors of Hermes Airports Iacovos Iacovou.

“The agreement, which we have just signed, concerns schemes offering incentives to the airlines and is another one step towards the direction of boosting the local economy,” Flourentzou said and thanked the representatives of Hermes Airports for the cooperation and the successful conclusion of the agreement.

Iacovou stressed that the agreement is of great importance for Cyprus since it would help increase the number of tourists by 3,5 million and provide an additional income of 2,3 billion euros to Cyprus during the next five years.

Nicos Shacolas, Honorary Chairman of Hermes Airports, pointed out that the agreement constitutes a great incentive for economic growth, which would not cost the government anything.