The ex minister of Finance of Cyprus, Mr. Michael Sarris has mentioned that our economy was un-sustainable for many years. "Even in Tourism that it is our main production,we got lucky since we had the Russian market spending without looking much". During his short speech at the Neapolis University of Pafos Mr. Sarris clarified that Cyprus has been living on debt than on production. This according to Mr. Sarris is very dangerous and it can only lead to crisis and this is were it led us.
This blog has been talking about sustainability and balance in Tourism in order to make the destination competitive. Tourism competitiveness is not only the price of the travel package but also the the sustainability and feasibility of the Travel Sector in a broader sense.
Privatization or Cyprus Airways is now a desire that cannot be fulfilled, this could be the beginning of a new era in the travel sector in Cyprus, but unfortunately Cyprus airways and the related to it services and companies are closing down or becoming another black hole for the Cypriot tax payer.
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