TOURISM Nine countries ease travel advisories while officials weigh new support for struggling hotels. Photo credit: booking.com Cyprus tourism slumps as British demand drops and bookings fall 60% Dorita Yiannakou The main source of tourism for Cyprus is weakening this year. British travelers, who make up the country’s largest tourism market, are showing hesitation and caution because of geopolitical instability in the Eastern Mediterranean. READ MORE
Luxury residences in the works at Hilton Athens Similar branded flats in New York sold for $10-20 million Kathimerini Greece Newsroom 21/12/2021 | BUSINESS
Limassol Mayor highlights environmental issues affecting city Drives efforts to ensure sustainable development Newsroom 20/12/2021 | BUSINESS
100 employees leave Bank of Cyprus on a voluntary retirement plan With a total payout of €16 million over 2.4 years Newsroom 17/12/2021 | BUSINESS
Prices of construction materials up by 17.87% in November Compared to the same month of the previous year Source: CNA 17/12/2021 | BUSINESS
Hourly labor costs rise by 7.3% in Q3 2021 According to the Cyprus statistical office Source: CNA 17/12/2021 | BUSINESS
Bank of Cyprus to impose new and increased fees from February 15, 2022 Following in the footsteps of the European banking sector to compensate for reduced income Panayiotis Rougalas 16/12/2021 | BUSINESS
More foreign banks come to Athens Major players such as Bank of America are planning to open branches in the Greek capital Kathimerini Greece Newsroom 15/12/2021 | BUSINESS
Former Finance Minister Michalis Sarris new president of AstroBank A renowned economist and former World Bank official Newsroom 15/12/2021 | BUSINESS
Number of job vacancies in Cyprus declined by 3% According to statistical figures released Tuesday Source: CNA 15/12/2021 | BUSINESS
Parliamentary Committee report on state budget 2022 sees significant uncertainties due to pandemic But medium-term prospects are positive based on government projections Source: CNA 15/12/2021 | BUSINESS
