Economy

Economy

The development of tourism in Limassol began after 1974 when the Turkish invaders occupied Famagusta and Kyrenia, the principal tourist resorts of Cyprus. Limassol has a lot of beaches, suitable for sunbathing and swimming. Limassol became the major sea port of the Republic of Cyprus in 1974. Before 1974, that role had been filled by Famagusta which is now located in the Turkish controlled part of the island.
Limassol is the base for many of the island's wine companies, serving the wine-growing regions on the southern slopes of the Troodos Mountains (of which the most famous is Commandaria). The most important ones are KEO, LOEL, SODAP and ETKO. The wines and cognacs (brandies) that are produced by the grapes that grow in the countryside, are of excellent quality. They have won several awards in international exhibitions. There is a considerable consumption of wine products in Cyprus by the locals and the foreign visitors. Big quantities are exported to Europe.
The town of Limassol is the biggest industrial centre of the province. There are about 350 industrial units with 90 industry wares. These industries concern dressmaking, furniture, shoes, drinks, food, prints, metal industry, electric devices, plastic wares as well as many other different industries.
Limassol is an important trade centre of Cyprus. This is due to the presence of the UK sovereign base at Episkopi and Akrotiri, and to the displacement of the population in Limassol after the Turkish invasion in 1974. The trade markets are gathered in the center of the town and in the tourist area along the coast that begins from the old harbour and ends in Amathus area. Most of the hotels, restaurants, confectioneries, discos and places of entertainment in general, are to be found in this area.
Limassol has two ports, commonly referred to as the "old port" and the "new port". The new port has the greatest commercial and passenger flow of traffic and it is the biggest port in the free part of Cyprus. The old harbour has a breakwater 250 metres long and it is only able to receive three small ships at a time. It is thus normally used by fishing boats. The new harbour is eleven metres deep and has break-waters that are 1300 metres long. It is able to receive about ten ships depending on their size. Exports of grapes, wines, carobs, citrus fruits and imports of cereals, vehicles, machines, textiles, agricultural medicines, fertilizers, iron etc. are exported and imported through these ports.

Economy

 Limassol has began working on a project to build a new marina. The new marina will be located to the west of Limassol Castle, between the old and new ports. This new development will be a big step for the city of Limassol, introducing a new feature of tourism for Cyprus by attracting ocean-going yachts from abroad.
The construction, plans to be completed by 2011 and will comfortably hold 1,000 boats. In addition, it will provide great facilities for dining out, accommodation and business conferences.

Visitor Reviews

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Default User Icon 4 Stella Artois Pints for only 6 euros!!!
09/11/2012
Place Reviewed: The Buccaneer Pub & Restaurant - 20% OFF Lunch & Dinner, Monday-Sunday
Author: Charis Christodoulou

Last Saturday I met a friend there to watch the Man Utd- ...

Beautifull village, nice tavern
08/11/2012
Place Reviewed: Makrinari Tavern - Omodos, 20% OFF Friday & Saturday Night
Author: Andria Charalambous

If you are planing a trip outside Limassol, Omodos is a ...

I did not expect it but it was great!
02/11/2012
Place Reviewed: Woodman Sports Pub & Restaurant - 10% OFF Lunch & Dinner on tabs with food, Monday-Sunday
Author: Andros Vasiliou

When i saw the offer for 10.95 for all you can eat chinese, ...

Good one!
20/10/2012
Place Reviewed: Londa Beach Hotel
Author: George Georgiou

Another good choice for a luxury stay at Limassol.

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