The government is expected to grant a license for the operation of a casino by the end of next summer.

During the presentation of the budget of the ministry of energy, minister George Lakkotrypis said that the submission of an expression of interest will be completed by December 18.

He added that three candidates will qualify to the second phase of the competition.

He stated that the government's intention is to grant the license in August or September of 2016.

Initially the license was planned to be given early 2016.

Nine additional flights from Russia

Meanwhile after the Russian airplane accident in Egypt, the minister noted that nine additional flights from Russia will start in November pointing out that there is also interest from the UK market.

He said the hotel occupancy in September reached 95% adding that tourist arrivals from UK up to now are up by 18% and from Germany 35%.

He also said that in cooperation with the ministry of labour, a study is being conducted as to the economic consequences in case hotels remain open during the winter season.