Cyprus Cabinet proceeds with the privatisation of Limassol pοrt

Speaking to the press following a Cabinet’s meeting, Deputy Government Spokesman Victoras Papadopoulos said that the privatisation process provides for a granting of a long term license or right to use or manage the Limassol port’s commercial section.

He said that the extent and manner will be decided later, with the assistance of a group of experts.

Recently, the Cyprus House approved a bill on privatizations, amidst intense opposition demonstrations by the trade unions.

A roadmap for privatisations had been drafted by the government in December last year.