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
Legislation in the works to tax Airbnb rentals in Cyprus Proposal solves taxation but traditional tourism stakeholders still see airbnb as unfair competition Newsroom 23/04/2018 | BUSINESS
Buying Greek property makes sense Greek real estate has regained its appeal for investors, both foreign and domestic Kathimerini Greece Newsroom 23/04/2018 | BUSINESS
Cyprus recovery is being recognised by international agencies Fitch is the latest credit agency to upgrade the country's investment outlook Newsroom / CNA 21/04/2018 | BUSINESS
Co-op suffered 'nightmare' bank run Top CCB official says withdrawals totalled 1.9 billion in first three months of the year Newsroom 19/04/2018 | BUSINESS
IMF projects Cyprus GDP growth to exceed 4% in 2018-19 GDP is projected to grow by 4–4¼ percent during 2018-19, underpinned by a pipeline of mainly foreign-funded, large construction ... Newsroom / CNA 18/04/2018 | BUSINESS
CNN video peeks at Cypriot EU passports for Russians Video journal shows how cash and politics shape the citizenship market on the island Newsroom 17/04/2018 | BUSINESS
FinMin: Revenue from NPLs management will repay cost of support to Co-op Harris Georgiades said that pressure on the banking system by the European supervisory authorities is continuous Newsroom / CNA 17/04/2018 | BUSINESS
Netflix programming binge pays off with subscriber surge Blitz of original programs attracted a surprisingly high 7.4 million new customers from January to March Source: Reuters 17/04/2018 | BUSINESS
Cobalt offers new business class fares Travellers between Cyprus and Athens get lower fares and upgraded comfort this summer Newsroom 16/04/2018 | BUSINESS
Greek banks seen passing ECB's stress tests The results of which will be published in May, the chief executive of the country’s second-biggest lender National Bank ... Source: Reuters 16/04/2018 | BUSINESS
