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
Treppides Group joins London Hedgeweek Funds panel in Malta George P Nicolaou to offer insight on viable solutions for EU fund structuring and distribution 17/05/2018 | BUSINESS
Booming Cyprus breaks more tourism records Arrivals of tourists increased 9.7% in April reaching 314,143 - the most ever for that month Newsroom 17/05/2018 | BUSINESS
Thomas Cook buoyed by strong demand for Turkey, Greece, Egypt holidays Travel firm is shifting holidays from Spain to the East Med where Cyprus should also benefit Newsroom 17/05/2018 | BUSINESS
Cyprus has lowest annual inflation in the EU It registered the lowest annual inflation in the European Union for April 2018, with a rate of -0.3% Newsroom 16/05/2018 | BUSINESS
Cyprus GDP growth is creating more jobs Government says pace of economic growth will create full employment conditions by 2021 Newsroom 15/05/2018 | BUSINESS
Non-performing loans in banking system spike by €1.5 billion Tougher financial reporting sees bad loans exceed €22 billion Newsroom / CNA 15/05/2018 | BUSINESS
Co-op receives two bids in good bank, bad bank scenarios Commission clears acquisition of Altamira Cyprus by Co-op and Apollo Management Newsroom 14/05/2018 | BUSINESS
Israel eyes 5% claim of Cyprus' Aphrodite gas field If the sides fail to reach an understanding a solution will be based on estimated reserves 11/05/2018 | BUSINESS
Cyprus tourism income spikes 13% Visitors spent more and stayed longer during a holiday in February Newsroom 11/05/2018 | BUSINESS
All lights 'set on green' for end to Greek bailout Greece’s exit from a bailout programme looks set to proceed in August Source: Reuters 11/05/2018 | BUSINESS
