After 1974, there was rapid economic activity in all fields especially in tourism in the Kato Paphos area. The government invested heavily in irrigation dams and water distribution works, road infrastructure and the building of Paphos International Airport, the second international airport in Cyprus.
In the 1980s Kato Paphos received most of the investment, 1990s Coral Bay Resort was further developed and in 2000s the Aphrodite hills resort was developed.
Today Paphos, with a population of about 47,300 (end of 2001), is a popular sea and a fast developing tourist resort, home to an attractive fishing harbour. Ktima is the main residential district, and Kato Pafos, by the sea, is built around the medieval port and contains most of the luxury hotels and the entertainment infrastructure of the city. Apostolou Pavlou Avenue St. Paul's Ave.), the busiest road in Paphos, connects the two quarters of the city. It begins near the city centre at Kennedy Sq. and ends outside the Medieval Fort at the harbor.
Paphos (Greek: Πάφος, Páfos; Latin: Paphus, briefly Augusta; Turkish: Baf) is a coastal city in the southwest of Cyprus and the capital of Paphos District. In antiquity, two locations were called Paphos: Old Paphos and New Paphos. The currently inhabited city is New Paphos.
Near Palaepaphos (Old Paphos) at the seaside of Petra-tou-Romiou is the mythical birthplace of Aphrodite, the Greek goddess of love and beauty and the founding myth is interwoven with the goddess at every level, so that Old Paphos became the most famous and important place for worshipping Aphrodite in the ancient world. In Greco-Roman times Paphos was the island's capital, and it is famous for the remains of the Roman governor's palace, where extensive, fine mosaics are a major tourist attraction. The apostle Paul of Tarsus visited the town during the first century. The town of Paphos is included in the official UNESCO list of cultural and natural treasures of the world's heritage.