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
Tourism revenue up first six months of 2018 Cyprus Tourism Organisation continues to aim for high-income visitors Newsroom / CNA 07/09/2018 | BUSINESS
Bank of Cyprus adds 24300 new retail accounts in August The Cyprus banking industry has been steadily consolidating since the financial crisis of 2008 Newsroom / CNA // | BUSINESS
World’s largest offshore wind farm opens off northwest England The wind farm has a capacity of 659 megawatts (MW), enough to power almost 600,000 homes Source: Reuters 07/09/2018 | BUSINESS
Latest inflation figures point up Cyprus remains vulnerable to fuel and energy price hikes as inflation reaches 2.5% in August 2018 Newsroom 06/09/2018 | BUSINESS
Cyprus makes the case for regional headquartering Invest Cyprus ready to charm competitors at next week’s investment summit in Limassol Newsroom 06/09/2018 | BUSINESS
More hotels to stay open during winter Hotels reach 90% occupancy in September and October despite Russian drop Newsroom 05/09/2018 | BUSINESS
Merkel endorses Euro clearing move from London to Frankfurt German Chancellor Angela Merkel added some of her political weight behind a move of euro clearing to Frankfurt Newsroom 05/09/2018 | BUSINESS
Announcement of Appointment of Director The Management of K. Treppides & Co Ltd announces Appointment of Director 05/09/2018 | BUSINESS
Monaco Telecom happy with MTN Cyprus acquisition Telecommunications giant ready to step in and step up services on the island Newsroom 04/09/2018 | BUSINESS
Ronys Toungoulos achieves highest Mark in Module 2-ADIT Congratulations for achieving the highest Mark in Module 2-Advanced Diploma in International Taxation 04/09/2018 | BUSINESS
